Westfield Capital Management Co. LP and multiple other entities such as
Vanguard Group Inc. and
Nomura Asset Management Co. Ltd. have acquired new positions in
Targa Resources Inc. (TRGP). The asset's stock has been the subject of significant speculative short interest of late, attracting more attention from potential investors.
Targa Resources' Q3 performance and announced Dividend proposal has been lauded, earning a
Buy rating from J.P Morgan. Meanwhile, the introduction of the
Forza Pipeline is expected to augment the company's growth in the Delaware Basin. Notwithstanding this, several entities have sold off their stakes in TRGP, including Dorsey Wright & Associates and Creative Planning.
TRGP's growth story remains in play following strong Q3 results and plans for a dividend increase. Coupled with this, the company has announced pricing for senior notes and a share repurchase program. Various stakeholders have speculated on TRGP's hidden potential post-asset sales and stock slump while questioning the company's valuation after recent share price momentum. In response to these trends, significant players, including BMO Capital and Goldman Sachs, have underscored their buy recommendation for TRGP.
Targa Resources Corp TRGP News Analytics from Sat, 04 Jan 2025 08:00:00 GMT to Sat, 22 Nov 2025 14:11:19 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 2
