Several institutional investors have adjusted their positions in
Targa Resources Corp. (NYSE:TRGP). Multiple firms, including
Cibc World Market Inc., Penbrook Management LLC, and Janney Montgomery Scott LLC have substantially increased their stakes in Targa Resources, while others like
Nisa Investment Advisors LLC and Patton Fund Management Inc. have reduced their holdings. Media headlines also highlight Targa’s plan to
increase its annual dividend by 33% to $4.00 by Q1 2025. Additionally,
Goldman Sachs has lowered its price target on Targa from $223 to $222. A strong return on equity of 34% has stirred enthusiasm among investors, underscoring Targa’s attractiveness as an infrastructure stock. The company has also reported
record Q3 2024 results and announced an expected 33% YoY increase in its 2025 common dividend. The firm’s stock has risen over 75% YTD and has surged more than 100% in 2024. There are, however, rumors of insider selling, with Chief Commercial Officer Robert Muraro reportedly selling shares.
Targa Resources Corp TRGP News Analytics from Thu, 11 Jul 2024 07:00:00 GMT to Sat, 01 Feb 2025 21:53:19 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -6
