Targa Resources Corp (TRGP) is experiencing a positive investment environment as demonstrated by its share price hitting a 52-week high of $147.10 not once but twice. Mount Lucas Management LP invested $2.41 million while Los Angeles Capital Management LLC and BNP PARIBAS ASSET MANAGEMENT Holding S.A increased their stakes in TRGP. Moreover, various other institutions like the National Bank of Canada FI held firm with a $45.20 million investment, and Sumitomo Mitsui Trust Holdings Inc. with a $60.86 million stake. TRGP's financial performance signaled strength, particularly on a note offering which priced at $1.0 billion. Furthermore, TRGP reported consistent profit shareholders earning a compound average growth rate (CAGR) of 34% over the past five years. TRGP also announced organizational changes and secured a spot in the Citi One-on-One Midstream and New Energy Infrastructure Conference and the Barclays CEO Energy & Power Conference. On a less positive note, TRGP twice declined takeover offers from larger rival Williams, pointing instead to a trajectory of organic growth. Conversations around TRGP's debt indicate the company can handle it responsibly, and revealing analyses point to the company's value as just right.
Targa Resources Corp TRGP News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 08 Sep 2024 16:33:53 GMT - Rating 9 - Innovation 3 - Information 7 - Rumor -3
