Various investment firms have made noteworthy changes to their holdings of Targa Resources, indicating high interest in the energy midstream company. Some firms such as Peak Financial Advisors and NewEdge Advisors have taken large positions while others including Miller Howard Investments and Zimmer Partners have sold significant shares. Targa, however, is not losing stride, evident from the recently announced comprehensive 2024 Sustainability Report prepared with GRI Standards, reflecting a promising growth trajectory. BMO Capital's 'Outperform' recommendation gives further testament to the future expectations of the firm. Targa has also declared a quarterly cash dividend and has initiated a share repurchase program, signaling confidence in its financial stability. The company has also secured a substantial sum through a dual senior notes offering at lower interest rates suggesting financial adeptness. However, a notable miss on analyst earnings estimates has resulted in the company's stock being downgraded to 'Hold' by Wall Street Zen. Despite the mixed signals from the market, the resilience and continued growth of Targa Resources may make it worth watching.
Targa Resources Corp TRGP News Analytics from Mon, 30 Dec 2024 08:00:00 GMT to Sat, 20 Sep 2025 12:13:30 GMT - Rating 2 - Innovation 5 - Information 7 - Rumor -6
