Barclays PLC Sells 231,787 Shares of Targa Resources, Inc. $TRGP

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Barclays PLC reduced its stake in Targa Resources, Inc. by 23.7% in the third quarter, selling 231,787 shares, though it still retains 746,412 shares valued at approximately $125.05 million. Despite insider selling, institutional investors collectively own 92.13% of the company’s stock. Targa Resources, a midstream energy company, recently beat EPS estimates and announced a quarterly dividend of $1.00 per share, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $240.79.

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