Targa Resources Corp (TRGP) has gained considerable attention in the market recently with an impressive year-to-date performance and steady improvements in its financial metrics. The company's strong
dividend performance has positioned it as a favorable buy for dividend investors. With the stock consistently outperforming the Dow and reaching several 52-week high marks, the upward momentum is clear. Notably, the company has recently announced key
organizational changes, secured a
$1.0 billion offering of Senior Notes, and participated in the Barclays CEO Energy & Power Conference. However, there have been significant sales of the company's shares by Westwood Holdings Group, Edgestream Partners and Robert Muraro, its Chief Commercial Officer. The company's Return on Equity (ROE) stands at 30%, reflecting a strong financial performance. Amidst takeover interests from Williams, a larger rival, Targa Resources proceeded to execute high capital expenditure for growth with its notable $1 billion share buyback program and extension of its credit facility to August 2025. The stock continues to receive positive analyst ratings and strong forward guidance, indicative of its innovative positioning in the energy sector.
Targa Resources Corp TRGP News Analytics from Thu, 21 Jun 2018 10:03:23 GMT to Sun, 22 Sep 2024 02:23:16 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -3
