SG Americas Securities LLC Decreases Stock Holdings in Targa Resources Corp. (NYSE:TRGP)

SG Americas Securities LLC has recently announced that it has decreased its stock holdings in Targa Resources Corp. (NYSE: TRGP). The exact amount of shares sold and the reason for the sale have not been disclosed by either company.

Targa Resources Corp. is a midstream energy company based in Houston, Texas. It operates in the natural gas liquids (NGL) market, with a focus on the production, storage, and transportation of NGLs such as ethane, propane, butane, and pentane. The company has operations in several states across the United States, including Texas, Louisiana, and Pennsylvania.

SG Americas Securities LLC is a financial services firm that provides investment banking and securities services to clients in the energy, power, and infrastructure sectors. The company operates in several countries across North and South America, including the United States, Mexico, and Brazil.

It's worth noting that stock holdings can be reduced for various reasons such as diversification of portfolio, rebalancing, or liquidation of assets. However, without more information it is impossible to determine the specific reason behind this sale.