Targa Resources Corp. (TRGP) has been attracting a lot of attention for its continuous business ventures. The company launched the
Forza Pipeline with an investment of
$1.6 billion in the
Permian Expansion, bolstering growth opportunities in the Delaware basin. This signaled a substantial shift in its long-term investment narrative. Several investment firms have readjusted positions in
TRGP, some reducing while others increase their holdings. Riding on meaningful business developments, Targa Resources continue to secure a solid
Buy rating from trusted institutions like JP Morgan. The company announced a new share repurchase program and a quarterly cash dividend of $1.00 per share for Q2 2025, offering another value play to investors. Holding a resilient position in the volatile energy market,
Targa Resources has managed to boost its valuation amidst share price weakness, signifying its underappreciated strength. The company also stands as a promising dividend stock. Further, it has released a comprehensive 2024 sustainability report adhering to
GRI standards. Overall,
TRGP maintains its focus on growth in the midstream sector, with potential for enhanced future returns.
Targa Resources Corp TRGP News Analytics from Mon, 30 Dec 2024 08:00:00 GMT to Sat, 11 Oct 2025 12:42:28 GMT -
Rating 5
- Innovation -4
- Information 6
- Rumor -2
