NYSE:TRGP - Targa Resources Stock Price, News, & Analysis

Targa Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRGP."

Targa Resources declared a quarterly dividend on Thursday, January 17th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.91 per share on Friday, February 15th. This represents a $3.64 annualized dividend and a yield of 8.66%. The ex-dividend date of this dividend is Wednesday, January 30th. View Targa Resources' Dividend History.

Targa Resources Corp (NYSE:TRGP) issued its earnings results on Thursday, May, 3rd. The pipeline company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.02) by $0.01. The pipeline company earned $2.46 billion during the quarter, compared to analysts' expectations of $2.70 billion. Targa Resources had a return on equity of 2.32% and a net margin of 0.02%. View Targa Resources' Earnings History.

Targa Resources is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Targa Resources.

20 brokers have issued 1-year target prices for Targa Resources' shares. Their forecasts range from $46.00 to $66.00. On average, they expect Targa Resources' share price to reach $55.55 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price. View Analyst Price Targets for Targa Resources.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 6 hold ratings, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Targa Resources.

News articles about TRGP stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Targa Resources earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the pipeline company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.

Some companies that are related to Targa Resources include Williams Companies (WMB), Energy Transfer LP Unit (ET), Spectra Energy Partners (SEP), Western Midstream Partners (WES), Western Gas Equity Partners (WGP), Tallgrass Energy (TGE), Enable Midstream Partners (ENBL), EQGP (EQGP), EnLink Midstream (ENLC), EQM Midstream Partners (EQM), DCP Midstream (DCP), EnLink Midstream Partners (ENLK), TC Pipelines (TCP), Antero Midstream Partners (AM) and Transportadora de Gas del Sur (TGS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Targa Resources investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), Intel (INTC), Blackstone Group (BX), Kinder Morgan (KMI), Verizon Communications (VZ), Cisco Systems (CSCO), Targa Resources Partners (NGLS) and Pfizer (PFE).

Targa Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.76%), Harvest Fund Advisors LLC (5.61%), Tortoise Capital Advisors L.L.C. (4.23%), Kayne Anderson Capital Advisors LP (3.50%), Chickasaw Capital Management LLC (2.78%) and Bank of New York Mellon Corp (2.17%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, Dan C Middlebrooks, Jeffrey J Mcparland and John Richard Klein. View Institutional Ownership Trends for Targa Resources.

TRGP stock was sold by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Jennison Associates LLC, HITE Hedge Asset Management LLC, Eagle Global Advisors LLC, Chickasaw Capital Management LLC, M&T Bank Corp, Harvest Fund Advisors LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold Targa Resources company stock in the last year include Charles R Crisp and John Richard Klein. View Insider Buying and Selling for Targa Resources.

TRGP stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Tortoise Capital Advisors L.L.C., RR Advisors LLC, CIBC Private Wealth Group LLC, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Yaupon Capital Management LP and Geode Capital Management LLC. View Insider Buying and Selling for Targa Resources.

Shares of TRGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TRGP stock can currently be purchased for approximately $42.01.

Targa Resources has a market capitalization of $9.75 billion and generates $10.48 billion in revenue each year. The pipeline company earns $1.60 million in net income (profit) each year or $0.20 on an earnings per share basis. Targa Resources employs 2,460 workers across the globe.

The official website for Targa Resources is http://www.targaresources.com.

Targa Resources' mailing address is 811 LOUISIANA STREET SUITE 2100, HOUSTON TX, 77002. The pipeline company can be reached via phone at 713-584-1000 or via email at [email protected]