Targa Resources Corp (TRGP) has been making significant waves in the mid-stream sector, with multiple mentions of stock acquisition and increased holdings by various firms like Principal Financial Group Inc, Franklin Resources Inc, and Wells Fargo & Company. Growth has been especially noticeable with Goldman Sachs predicting high consensus ROE and forecasting strong price appreciation. TRGP has been reported to outperform competitors in the energy sector multiple times. The company has demonstrated resilience with record Q3 2024 earnings and a projected 33% YoY Increase to its 2025 common dividend. Yet, the company has also been going through some changes with insider sales, organizational alterations, and a rebuffed takeover interest from Williams, a larger rival. Despite this, multiple investments are being poured into the company from entities like Nomura Asset Management Co. Ltd and even the Retirement Systems of Alabama. TRGP is also continuing their environmental sustainability pursuits indicative of their recently released sustainability report.
Targa Resources Corp TRGP News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 21 Dec 2024 10:29:05 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
