0001510769-16-000024.txt : 20160112 0001510769-16-000024.hdr.sgml : 20160112 20160112123123 ACCESSION NUMBER: 0001510769-16-000024 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160112 DATE AS OF CHANGE: 20160112 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Targa Resources Corp. CENTRAL INDEX KEY: 0001389170 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85907 FILM NUMBER: 161338163 BUSINESS ADDRESS: STREET 1: TARGA RESOURCES PARTNERS LP STREET 2: 1000 LOUISIANA STREET, SUITE 4300 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-584-1000 MAIL ADDRESS: STREET 1: TARGA RESOURCES PARTNERS LP STREET 2: 1000 LOUISIANA STREET, SUITE 4300 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Targa Resources Investments Inc. DATE OF NAME CHANGE: 20070207 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Salient Capital Advisors, LLC CENTRAL INDEX KEY: 0001510769 IRS NUMBER: 272587653 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4265 SAN FELIPE STREET 2: 8TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77027 BUSINESS PHONE: 713-993-4675 MAIL ADDRESS: STREET 1: 4265 SAN FELIPE STREET 2: 8TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77027 SC 13G/A 1 sca123115trgp_sc-13g.txt UNITED STATES* SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1)* Targa Resources Corp. ------------------------------------------------ (Name of Issuer) Common Stock ------------------------------ (Title of Class of Securities) 87612G101 -------------- (CUSIP Number) December 31, 2015 ------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ X ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 87612G101 1. Names of Reporting Persons, I.R.S. Identification Nos. of above persons (entities only): Salient Capital Advisors, LLC: 27-2587653 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Citizenship or Place of Organization of each Reporting Person: Texas, U.S.A. Number of 5. Sole Voting Power: 3,909,747 Shares Bene- ficially Owned by Each 6. Shared Voting Power: 0 Reporting Person With: 7. Sole Dispositive Power: 3,909,747 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,909,747 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9): 6.98% 12. Type of Reporting Person (See Instructions) IA ITEM 1. (a) Name of Issuer: Targa Resources Corp. (b) Address of issuer's Principal Executive Offices 1000 Louisiana Street Suite 4300 Houston, TX 77002 ITEM 2. (a) Name of Person Filing Salient Capital Advisors, LLC (b) Address of Principal Business Office or, if none, Residence 4265 San Felipe, 8th Floor Houston, Texas 77027 (c) Citizenship of each Reporting Person: Texas, U.S.A. (d) Title of Class of Securities Common Stock (e) CUSIP Number 87612G101 ITEM 3. If this statement is filed pursuant to Sec. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with Sec. 240.13d-1 (b)(1)(ii)(E). (f) An employee benefit plant or endowment fund in accordance with Sec. 140.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with Sec. 240.13d-1(b)(1)(ii)(G). (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) Group, in accordance with Sec. 240.13d-1(b)1(ii)(J). ITEM 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,909,747 (b) Percent of class: 6.98% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,909,747 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,909,747 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction. For computations regarding securities which represent a right to acquire an underlying security see Sec. 204.13d-3(d)(1). ITEM 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Instruction: Dissolution of a group requires a response to this item. ITEM 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable. ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable. ITEM 8. Identification and Classification of Members of the Group Not Applicable. ITEM 9. Notice of Dissolution of Group Not Applicable. ITEM 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Salient Capital Advisors, LLC Date: January 12, 2016 By: /s/ Paul A. Bachtold --------------------------- Paul A. Bachtold Chief Compliance Officer