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Targa Resources Corp TRGP - News Analyzed: 3,877 - Last Week: 100 - Last Month: 500

⇑ Targa Resources Corp TRGP Garners Significant Interest from Institutional Investors Amidst Reports of Robust Growth and Organizational Changes

Targa Resources Corp TRGP Garners Significant Interest from Institutional Investors Amidst Reports of Robust Growth and Organizational Changes

In recent news, Targa Resources Corp. has displayed a significant increase in the financial stakes of both individual and institutional investors and analysts. Institutions such as the B. Metzler seel. Sohn & Co. Holding AG, Natixis Advisors LLC and INC Groep NV have increased their stakes in the corporation. Multiple investors like Icon Wealth Advisors LLC and Advisor Resource Council have substantial stock holdings in the company. A notable organizational change was also announced in the company. The company conducted a $1.0 billion offering of Senior Notes. Robust growth in Q3 2024 earnings was observed with record operational metrics, leading the midstream sector. The company is expected to increase its common dividend by 33% year-over-year in 2025.

Despite these positive outlooks, the corporation's shares were lowered by institutions such as Massachusetts Financial Services Co. MA, Kayne Anderson Capital Advisors LP, and Jennison Associates LLC. The corporation has also seen a series of high-level insider sales. Targa Resources Corp. had a weaker than expected revenue and just missed earnings. However, the corporation remains a popular choice among income investors and is considered an unstoppable dividend stock.

Targa Resources Corp TRGP News Analytics from Fri, 03 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 12:11:09 GMT - Rating 8 - Innovation 5 - Information 7 - Rumor -3

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