Advisor Partners: Advisor Partners II LLC Boosts Stake in Targa Resources Corp. (NYSE:TRGP)

Advisor Partners II LLC boosted its position in Targa Resources Corp. ( NYSE:TRGP - Free Report ) by 27.0% in the third quarter, Holdings Channel.com reports. The firm owned 8,839 shares of the pipeline company's stock after buying an additional 1,881 shares during the quarter. Advisor Partners II LLC's holdings in Targa Resources were worth $758,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also added to or reduced their stakes in TRGP. Cetera Advisor Networks LLC bought a new position in Targa Resources during the 1st quarter valued at about $250,000. PNC Financial Services Group Inc. increased its position in shares of Targa Resources by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,741 shares of the pipeline company's stock valued at $1,112,000 after purchasing an additional 737 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Targa Resources by 11.6% in the 1st quarter. Sei Investments Co. now owns 186,471 shares of the pipeline company's stock worth $14,072,000 after purchasing an additional 19,372 shares during the period. Brighton Jones LLC purchased a new position in shares of Targa Resources in the first quarter worth approximately $249,000. Finally, Covestor Ltd grew its position in Targa Resources by 91.8% during the first quarter. Covestor Ltd now owns 1,429 shares of the pipeline company's stock valued at $108,000 after buying an additional 684 shares during the period. Hedge funds and other institutional investors own 90.21% of the company's stock. Insider Buying and Selling In other Targa Resources news, Director Charles R. Crisp sold 3,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $85.01, for a total value of $255,030.00. Following the sale, the director now owns 116,524 shares in the company, valued at $9,905,705.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . In related news, insider Robert Muraro sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $90.03, for a total value of $900,300.00. Following the completion of the sale, the insider now owns 187,021 shares in the company, valued at $16,837,500.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Charles R. Crisp sold 3,000 shares of the firm's stock in a transaction on Monday, November 13th. The stock was sold at an average price of $85.01, for a total value of $255,030.00. Following the transaction, the director now owns 116,524 shares in the company, valued at $9,905,705.24. The disclosure for this sale can be found here . In the last three months, insiders sold 15,000 shares of company stock valued at $1,335,330. Insiders own 1.39% of the company's stock. Wall Street Analyst Weigh In View Our Latest Stock Report on TRGP Targa Resources Price Performance Targa Resources stock opened at $83.82 on Friday. Targa Resources Corp. has a 12-month low of $64.85 and a 12-month high of $91.43. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 2.81. The firm has a 50-day moving average price of $86.24 and a 200-day moving average price of $84.24. The firm has a market capitalization of $18.69 billion, a PE ratio of 21.94 and a beta of 2.19. Targa Resources ( NYSE:TRGP - Get Free Report ) last announced its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.20). The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $5.13 billion. Targa Resources had a return on equity of 19.08% and a net margin of 5.33%. As a group, equities research analysts forecast that Targa Resources Corp. will post 5.01 EPS for the current year. Targa Resources Company Profile ( Free Report ) Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. Featured Stories Five stocks we like better than Targa Resources How to Invest in Solar Energy MarketBeat Week in Review - 1/8 - 1/12 How to Use High Beta Stocks to Maximize Your Investing Profits What are dividend payment dates? 3 Natural Gas Stocks That Offer Great Dividend Yields Wells Fargo's stumble could be the entry you've been waiting for Want to see what other hedge funds are holding TRGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Targa Resources Corp. ( NYSE:TRGP - Free Report ). Receive News & Ratings for Targa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources and related companies with MarketBeat.com's FREE daily email newsletter .