Targa Resources reports strong earnings, gets buy ratings despite some investors reducing stakes.

Targa Resources Corp. saw adjustments in stakes by several institutional investors, including Icon Wealth Advisors and MetLife Investment Management, which reduced their holdings. The company reported strong earnings of $1.75 per share, surpassing analysts' expectations, and has a dividend yield of 1.49%. Various analysts have raised price targets and issued buy ratings, giving Targa Resources an average "Buy" rating with a target price of $176.50.

November 29, 2024
3 Articles