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TRGP and OKE: Analyzing Institutional Investors’ Activity

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Aug. 30 2018, Updated 7:31 a.m. ET

Institutional investors in Targa Resources

The Vanguard Group, Goldman Sachs Asset Management, and BlackRock Institutional Trust Company are the top three institutional investors in Targa Resources (TRGP). They hold 8.5%, 4.8%, and 4.1%, respectively, of Targa Resources’ outstanding shares. The three institutional investors sold net 0.3 million, 0.1 million, and 0.1 million, respectively, Targa Resources shares in the second quarter. PointState Capital added 4.2 million Targa Resources shares to its position in the second quarter—the largest position change in the stock in the second quarter.

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Collectively, the top ten investors own ~42.1% of Targa Resources’ outstanding shares. Together, the top ten investors added net 4.7 million Targa Resources shares to their positions in the second quarter. The additions likely indicate investors’ positive outlook for the stock. Recently, Deutsche Asset & Wealth Management sold 2.8 million Targa Resources shares. The above chart shows the top ten investors and their latest position changes in Targa Resources and ONEOK (OKE).

Institutional investors in ONEOK

The Vanguard Group, BlackRock Institutional Trust Company, and State Street Global Advisors are the top three institutional investors in ONEOK. They own 10.8%, 6.3%, and 4.9%, respectively, of ONEOK’s outstanding shares. As the above chart shows, all of the top three investors added to their ONEOK positions in the second quarter. Together, the top ten investors in ONEOK sold net 1.3 million ONEOK shares in the second quarter. Collectively, the ten largest investors own ~35.4% of ONEOK’s outstanding shares.

Among other top investors, BlackRock Financial Management bought 2.3 million ONEOK shares. Recently, Energy Income Partners and Goldman Sachs & Company each sold ~2.1 million ONEOK shares.

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