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Groupama Asset Managment Grows Position in Targa Resources, Inc. $TRGP
Groupama Asset Managment significantly increased its stake in Targa Resources, Inc. (NYSE:TRGP) by 755.2% during the third quarter, bringing its total ownership to 11,494 shares valued at $1.93 million. This comes as other institutional investors also adjusted their positions in the pipeline company, which recently reported strong quarterly earnings and a dividend announcement. Analysts maintain a “Moderate Buy” rating for Targa Resources with a consensus target price of $246.54.