5 Best Pipeline and MLP Stocks To Buy

4. Targa Resources Corp. (NYSE:TRGP)

Number of Hedge Fund Holders: 36

Targa Resources Corp. (NYSE:TRGP) is an energy company that manages, acquires, and develops a portfolio of midstream infrastructure assets. The company is involved in gathering, compressing, and transporting natural gas, as well as providing services to liquefied petroleum gas exporters and engaging in the purchase and sale of natural gas liquids.

In the September quarter of 2023, 36 hedge funds among the 910 hedge funds surveyed by Insider Monkey were investors in the firm. The most significant stakeholder in Targa Resources Corp. (NYSE:TRGP) during the September quarter was Stuart J. Zimmer’s Zimmer Partners, holding a $204 million investment in the company.