Targa Resources Corp. (TRGP) showcases strong performance with its stock trading at all-time highs and surging 87.3% YTD. Major shareholders such as
ING Groep NV and
Sumitomo Mitsui Trust Group Inc. are adjusting their stakes, while large institutional investors including
Aigen Investment Management LP and
Robeco Institutional Asset Management B.V. have been upping their positions. Recent SWOT analysis indicates that TRGP's stocks are poised for growth. The company also announced a record third quarter in 2024 with leading operational metrics and an expected 33% YoY increase to its 2025 common dividend. This increase in dividend is significant considering TRGP is already recognized as an unstoppable dividend stock.
UBS Group predicts strong price appreciation for TRGP Stocks, echoed by
Truist Financial and
Wells Fargo & Company raising its price target. High Capex spending indicates large growth potential, despite a slight Q3 revenue miss. Rumors of a possible takeover by
Williams were refuted by both parties. Finally, TRGP's commitment to sustainability is demonstrated in their recent sustainability report.
Targa Resources Corp TRGP News Analytics from Fri, 03 May 2024 07:00:00 GMT to Sat, 16 Nov 2024 11:43:13 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -3
