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M&T Bank Corp Increases Position in Targa Resources, Inc. $TRGP
M&T Bank Corp significantly increased its stake in Targa Resources, Inc. (NYSE:TRGP) by 539.6% in the fourth quarter, now owning 130,605 shares valued at $24.097 million. Other institutional investors and hedge funds also adjusted their positions in the pipeline company, which has a “Moderate Buy” consensus rating from analysts with an average target price of $259.93. Targa Resources also recently increased its quarterly dividend to $1.25 per share.