Targa Resources Corp. (TRGP) has made significant moves recently, showcasing considerable gains for its investors. Over the past five years, an investment in TRGP would have provided a 311% yield and also an impressive 34% CAGR over the last five years. The state of New Jersey Common Pension Fund and Morningstar Investment Management have recently trimmed their stock positions, while Bahl & Gaynor Inc. increased their stake acquiring more shares. Meanwhile, SIR Capital Management and Los Angeles Capital Management hold substantial stock positions, totalling $12.42 Million and various undisclosed amount respectively. Freemont Management also reduced their stocks. TRGP's ROE is currently esteemed at 30%, painting an attractive picture for potential investors. Furthermore, the company has announced organizational changes and reported record Q2 2024 results, raising its full-year outlook for the same year. The company's 2024 earnings have been detailed and reviewed favourably. News of a rejected takeover bid from rival company Williams shows the strength of TRGP's position, and the company's stock hit not one, but two 52-week highs. An analysis of TRGP's dividends and SWOT insight signal promising future performance. However, recent insider sales from the Chief Commercial Officer Robert Muraro indicate a potential future concern. Despite this, the stock is largely perceived as a strong dividend and momentum stock.
