State Street Corp. Amends Targa Resources Stake as of Dec 31, 2023
Ticker: TRGP · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1389170
| Field | Detail |
|---|---|
| Company | Targa Resources Corp. (TRGP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, ownership-change
TL;DR
**State Street just updated its Targa Resources holdings, watch for potential market reaction.**
AI Summary
State Street Corp. has filed an amended SC 13G/A, indicating a change in its ownership stake in Targa Resources Corp. as of December 31, 2023. This filing, made on January 30, 2024, updates their previous disclosure regarding their holdings of Targa Resources Corp.'s common stock. For investors, this matters because State Street Corp. is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Targa Resources Corp.
Why It Matters
This filing shows an institutional investor, State Street Corp., has updated its position in Targa Resources Corp., which can influence market perception and potentially stock price.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not inherently signal high risk, but rather a change in ownership disclosure.
Analyst Insight
An investor should note that a major institutional holder, State Street Corp., has updated its position in Targa Resources Corp. and should look for the specific changes in share count or percentage ownership in the full filing to understand the implications.
Key Players & Entities
- State Street Corp. (company) — the reporting person filing the SC 13G/A
- Targa Resources Corp. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is State Street Corp., a company with a Central Index Key (CIK) of 0000093751, based in Boston, MA.
What is the subject company whose securities are being reported?
The subject company is Targa Resources Corp., with a CIK of 0001389170, which operates in Natural Gas Transmission and is based in Houston, TX.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Targa Resources Corp. is 87612G101.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Targa Resources Corp. (TRGP).