1 week Ago By Defense World Staff
Targa Resources Corp. ( NYSE:TRGP – Get Free Report ) has earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company.
The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $189.21. TRGP has been the topic of a number of recent analyst reports.
US Capital Advisors cut shares of Targa Resources from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Scotiabank started coverage on shares of Targa Resources in a research report on Friday, January 10th. They set a “sector outperform” rating and a $218.
00 target price on the stock. The Goldman Sachs Group raised their price objective on Targa Resources from $185.00 to $223.
00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays increased their price objective on shares of Targa Resources from $171.00 to $204.
00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus lifted their target price on shares of Targa Resources from $190.00 to $224.
00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Read Our Latest Research Report on Targa Resources Targa Resources Trading Down 1.1 % Targa Resources ( NYSE:TRGP – Get Free Report ) last released its earnings results on Tuesday, November 5th.
The pipeline company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.
17. Targa Resources had a return on equity of 27.59% and a net margin of 7.
65%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.
24 billion. During the same quarter in the previous year, the firm posted $0.97 EPS.
As a group, equities research analysts anticipate that Targa Resources will post 6.42 earnings per share for the current year. Targa Resources Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th.
Stockholders of record on Friday, January 31st will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, January 31st.
This represents a $3.00 annualized dividend and a dividend yield of 1.43%.
Targa Resources’s payout ratio is currently 54.25%. Insider Activity at Targa Resources In other news, insider D.
Scott Pryor sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.33, for a total value of $5,709,900.
00. Following the transaction, the insider now directly owns 82,979 shares in the company, valued at $15,793,393.07.
This trade represents a 26.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, CAO Julie H. Boushka sold 3,260 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.
74, for a total value of $621,812.40. Following the sale, the chief accounting officer now owns 35,143 shares of the company’s stock, valued at $6,703,175.
82. The trade was a 8.49 % decrease in their position.
The disclosure for this sale can be found here . 1.39% of the stock is owned by insiders.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently bought and sold shares of TRGP. Wellington Management Group LLP lifted its holdings in shares of Targa Resources by 4.4% during the 3rd quarter.
Wellington Management Group LLP now owns 15,106,591 shares of the pipeline company’s stock valued at $2,235,927,000 after acquiring an additional 633,589 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Targa Resources by 75.4% during the third quarter.
National Bank of Canada FI now owns 604,112 shares of the pipeline company’s stock worth $89,413,000 after purchasing an additional 259,776 shares in the last quarter. Robeco Institutional Asset Management B.V.
lifted its stake in shares of Targa Resources by 599.1% during the third quarter. Robeco Institutional Asset Management B.
V. now owns 287,950 shares of the pipeline company’s stock worth $42,619,000 after purchasing an additional 246,762 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Targa Resources by 14,163.
5% in the third quarter. International Assets Investment Management LLC now owns 204,254 shares of the pipeline company’s stock valued at $30,232,000 after buying an additional 202,822 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in Targa Resources by 1,904.
8% in the third quarter. Worldquant Millennium Advisors LLC now owns 199,958 shares of the pipeline company’s stock valued at $29,596,000 after acquiring an additional 189,984 shares in the last quarter. 92.
13% of the stock is owned by institutional investors and hedge funds. About Targa Resources ( Get Free Report Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America.
It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. Read More Five stocks we like better than Targa Resources ETF Screener: Uses and Step-by-Step Guide Bloom Energy: Powering the Future With Decentralized Energy How Can Investors Benefit From After-Hours Trading Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul 3 REITs to Buy and Hold for the Long Term Why Traders Are Buying the Dip on Johnson & Johnson Stock Receive News & Ratings for Targa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources and related companies with MarketBeat.
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