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Bank of Montreal sold a significant portion of Targa Resources' shares, despite the company maintaining a stable dividend yield.
Targa Resources Corp. saw a significant decrease in shares owned by Bank of Montreal Can, which sold 94,396 shares in the fourth quarter, reducing its holdings by 23.9%.
Despite a lower-than-expected earnings report, the company maintains a solid dividend yield of 1.73%.
Targa Resources, which focuses on natural gas and NGL operations, also saw an increase in stake from Advisory Services Network LLC.
The company's stock and financial metrics, including a market cap of $37.82 billion and a P/E ratio of 30.28, indicate ongoing interest and investment activity.
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El Banco de Montreal vendió una parte significativa de las acciones de Targa Resources, a pesar de que la empresa mantenía un rendimiento estable de dividendos.