Targa Resources Corp (TRGP), a leader in the energy sector, has seen a string of positive news regarding its financial performance and stock predictions. The company has boosted shareholder returns with its $4.00 annual dividend and declared a quarterly cash dividend of $1.00 per share for Q2 2025, demonstrating strong financial health. It has seen continual uplifts in its price target from esteemed financial institutions like RBC Capital and JPMorgan, the latest figures being $205 and $209 respectively. Notably, the stock has garnered significant returns for its long term investors with a reported 501% rise over the last five years and a 58% CAGR over the same period, indicating that betting on TRGP has been a fruitful decision. The company saw record earnings and growth in Q1 2025, but has experienced a decrease in stock holdings by the Bank of New York Mellon Corp and the Teacher Retirement System of Texas. Despite this, Targa is still considered a viable option for growth investors and is reportedly undervalued by 32%. The company has strengthened its financial position by securing $1.5B through dual senior notes offering at lower interest rates.
