Natixis has acquired new holdings in Targa Resources Corp. (NYSE:TRGP), and other entities such as BNP PARIBAS ASSET MANAGEMENT and Orion Portfolio Solutions LLC have boosted their positions too. Significant recent insider sales have occurred, with Director REDD ERSHEL C JR and Chief Commercial Officer Robert Muraro selling shares. TRGP shares have risen to a new 52-week high at $136.73, and the company's dividend is increasing to $0.75. Robust volume growth and a strong outlook are reasons behind maintaining a Buy rating for the company. Additionally, Targa Resources is set to acquire Lucid Energy in a $3.55 billion cash deal. Insiders like Charles R Crisp hold significant worth. The Return on Equity of 30% and rising profits for 2024 indicate strong performance amidst the upcoming organizational changes. However, insider sales and stake sales by entities like Swiss National Bank and Jennison Associates LLC suggest potential market skepticism around TRGP's long-term prospects.
Targa Resources Corp TRGP News Analytics from Tue, 03 Nov 2015 08:00:00 GMT to Sun, 28 Jul 2024 17:47:43 GMT -
Rating 7
- Innovation -2
- Information 8
- Rumor 1
