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Banking & Finance

Principal Financial Group Inc. Sells 22,847 Shares of Targa Resources, Inc. $TRGP

·15 Aug
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Principal Financial Group Inc. reduced its stake in Targa Resources, Inc. by 4.4% in the second quarter, selling 22,847 shares but still retaining 492,448 shares valued at approximately $132 million. Despite this sale, institutional investors collectively hold a significant 92.13% of the company's stock. Analysts generally maintain a bullish outlook on Targa Resources, with a consensus "Buy" rating and an average price target of $295.35, following the company's recent earnings beat and dividend announcement.

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