Targa Resources Corp. (TRGP) has witnessed many considerable changes and movements. Short interest updates were released, drawing attention to trading activities. This mid-stream energy company emerges as a top dividend option for portfolio due to organizational changes and executive-level stock sales. Mutual funds like the New Mexico Educational Retirement Board and entities like Visionary Horizons LLC have increased their TRGP holdings. It is essential to consider buying TRGP ahead of earnings, as strong volume growth has buoyed its Q1 earnings. There has also been news of the company participating in J.P. Morgan Energy, Power and Renewables Conference. Brokerage firms initiated coverage, labeling TRGP a buy, and significant revisions were made to their revenue forecasts. TRGP's first quarter 2024 earnings call was held. Also, the company's ROE of 30% indicates quality stock boasting significant returns. There were insider sales as well as acquisitions by financial service companies. Lastly, the company announced its plan to buy a stake in the Grand Prix pipeline for $1B, along with increasing its dividends. The future looks promising for TRGP with shares reaching new one-year high and strong returns over the past years.
Targa Resources Corp TRGP News Analytics from Fri, 04 Aug 2023 07:00:00 GMT to Sun, 30 Jun 2024 10:29:36 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -4
