US Bancorp DE and Bank of Nova Scotia both increased their stake in Targa Resources Corp (NYSE:TRGP), while SageView Advisory Group LLC and Pingora Partners LLC made new investments. Victory Capital Management Inc. and Commerce Bank also purchased more shares despite insider sales from directors and officers. Targa's 1Q 2024 financial performance indicated a strong momentum. Investor sentiment for Targa remains high as it announces higher dividend and robust returns over three years. Analysts remain bullish, with Wall Street predicting a 26% upside. Barclays and Mizuho have raised the company's stock target following strong performance. Citi maintains a 'buy' rating. Targa has seen high ratings due to its potential to manage debt responsibly and its continually improving EBITDA. The company completed the $200 million takeover of Southcross Energy and also named a new chairman following acquisition by Lucid Energy Group. Targa sold its stake in their Bakken Assets for $1.6 Billion and continues to target strong performance due to Permian Growth.
Targa Resources Corp TRGP News Analytics from Sat, 21 Jun 2014 07:00:00 GMT to Sun, 02 Jun 2024 11:16:56 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -6
