Vanguard Group Inc. Raises Stock Holdings in Targa Resources, Inc. $TRGP

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Vanguard Group Inc. increased its stake in Targa Resources, Inc. (NYSE:TRGP) by 1.5% in the third quarter, bringing its total ownership to 13.19% valued at approximately $4.76 billion. Analysts generally rate TRGP as a “Moderate Buy” with an average price target of $213.50. Despite paying a quarterly dividend, Targa Resources maintains a high debt-to-equity ratio of 5.91.

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