Targa Resources Corp. (TRGP) stands out in the midstream sector with record operational metrics, making it an excellent addition to any infrastructure stock portfolio. The company has a remarkable return on equity of 30%, with shares gaining around 76% year to date. It has taken a strategic approach to maximizing shareholder value through dividends, with the most recent quarterly dividend set at $0.75. It's also fueled by affirmative coverage from major financial institutions including Goldman Sachs, Bank of America and Royal Bank of Canada, the latter boosting its price target to $172.00. Their financial performance complements these positive reviews with the stock recently hitting an all-time high of $166.08. Targa's management decisions have garnered attention as they made key organizational changes and successfully priced a $1.0 billion offering of senior notes. On the sustainability front, Targa has released a report detailing its commitment to sustainable practices. Amidst all this, there were rumors of a takeover interest from larger rival Williams, which the company rebuffed. Looking forward, Wall Street appears bullish and is worth monitoring for its upside as the company continues to drive growth with its new processing plants.
Targa Resources Corp TRGP News Analytics from Wed, 12 Oct 2022 07:00:00 GMT to Sat, 19 Oct 2024 20:59:21 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
