Targa Resources
TRGP

$131.57

0.31%

Market Cap: 29.2B

About: Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

Employees: 3,186

Utilities Natural Gas Transmission

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 20 analysts

0

News positive %

of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

34% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 62

26% more capital invested

Capital invested by funds: $17.8B [Q4 2023] → $22.5B (+$4.72B) [Q1 2024]

18% more call options, than puts

Call options by funds: $158M | Put options by funds: $133M

12% more funds holding in top 10

Funds holding in top 10: 17 [Q4 2023] → 19 (+2) [Q1 2024]

3% more funds holding

Funds holding: 643 [Q4 2023] → 664 (+21) [Q1 2024]

14% less repeat investments, than reductions

Existing positions increased: 221 | Existing positions reduced: 257

37.44% less ownership

Funds ownership: 127.77% [Q4 2023] → 90.32% (-37.44%) [Q1 2024]

See Fund Rankings

Research analyst outlook

20 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$109

17%

downside

Avg. target

$129

2%

downside

High target

$147

12%

upside

20 analyst ratings

20 positive

100%

0 neutral

0%

0 negative

0%

Scotiabank Tristan Richardson	8%upside $142	Sector Outperform Maintained	17 Jul 2024
Barclays Christine Cho	5%upside $138	Overweight Maintained	3 Jul 2024
JP Morgan Jeremy Tonet	10%upside $145	Overweight Maintained	2 Jul 2024
Argus Research John Staszak	6%upside $140	Buy Initiated	26 Jun 2024
UBS Shneur Gershuni	12%upside $147	Buy Maintained	11 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about TRGP published over the past 30 days

Zacks Investment Research

Targa Resources, Inc. (TRGP) is a Great Momentum Stock: Should You Buy?

Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let's find out.

Targa Resources, Inc. (TRGP) is a Great Momentum Stock: Should You Buy?

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The Motley Fool

3 Dividend Stocks That Were Home Runs in the First Half (Will the Second Half Be as Good?)

NextEra Energy is all about the dividend growth, which looks set to keep going at 10% a year. Targa Resources delivered a high-octane return and should have more fuel to continue rising.

3 Dividend Stocks That Were Home Runs in the First Half (Will the Second Half Be as Good?)

Zacks Investment Research

Why Targa Resources, Inc. (TRGP) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?

Why Targa Resources, Inc. (TRGP) is a Great Dividend Stock Right Now

Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2024 Earnings Webcast

HOUSTON, July 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the second quarter of 2024.

Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2024 Earnings Webcast

The Motley Fool

Like Enterprise Products Partners But Want More Growth? You Should Check Out This Higher-Octane Rival.

Targa Resources has delivered much higher total returns than Enterprise Products Partners this year. The midstream company is growing its earnings and dividends faster than its rival.

Like Enterprise Products Partners But Want More Growth? You Should Check Out This Higher-Octane Rival.

Energy Stocks: Winners And Losers At The Beginning Of H2 2024

The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices.

Energy Stocks: Winners And Losers At The Beginning Of H2 2024

Zacks Investment Research

3 Broker-Recommended Stocks That Energy Investors Must Track

Considering the unpredictability and volatility of the energy space, we advise focusing on broker-favored stocks like Halliburton (HAL), Valero Energy (VLO) and Targa Resources (TRGP).

3 Broker-Recommended Stocks That Energy Investors Must Track

Top Growth And Dividend Long-Term Stocks For Mid-Year 2024

The Top Dividend Growth stock model aims to deliver optimal total return with reliable growth factors and high dividends for higher profitability long-term. Only one stock of the 15 largest Mega Cap stocks with +61.5% YTD returns offers a dividend yield above 2%, impacting total return and growth factors. Since 2020 inception, the Growth & Dividend portfolio model has delivered +15.28% average returns and compounded returns of +103.66%, well above the S&P 500.

Top Growth And Dividend Long-Term Stocks For Mid-Year 2024

Super Micro and Nvidia lead the S&P 500 this year. These stocks follow.

This has been a very good year for the stock market as a whole, although the performance of broad U.S. indexes also underscores how important the weighting of an index can be.

Super Micro and Nvidia lead the S&P 500 this year. These stocks follow.

See News Rankings