Targa Resources Corp (TRGP) has made significant moves that have drawn attention from investors and Wall Street analysts alike. Consistently maintaining its
quarterly dividend of $1.00, the energy company has managed to rebound impressively in the share market, seeing its shares appreciate by
3.62% on January 13. Even a 4.2% pullback in share value midway through was not sufficient to dampen the long-term prospects as the performance over the last five years resulted in a whopping return of over 529%. Noteworthy is Targa's new projects, including the
Forza Pipeline, which aims at boosting growth in the Delaware Basin and the $1.6 billion, 500-mile pipeline from the Permian Basin to Mont Belvieu. This confidence has also attracted large investments, such as a $24.33-million from Nordea Investment Management AB and significant stake purchases by other firms. One of the major feats for the company is a $1.25-billion acquisition of Stakeholder Midstream, which has further bolstered growth expectations.
Targa Resources Corp TRGP News Analytics from Fri, 21 Mar 2025 07:00:00 GMT to Sat, 17 Jan 2026 17:29:11 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor 6
