Quarterly Dividend of $0.46 Planned by Targa Resources Investments (TRGP)
Targa Resources Investments (NASDAQ:TRGP) declared a quarterly dividend on Tuesday, January 15th. Stockholders of record on Monday, January 28th will be given a dividend of $0.46 per share on Friday, February 15th. This represents a $1.83 dividend on an annualized basis and a yield of 3.23%.
Several analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Targa Resources Investments from $47.00 to $62.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. On a related note, analysts at Bank of America downgraded shares of Targa Resources Investments from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $60.00 price target on the stock, up previously from $55.00. Finally, analysts at Barclays Capital raised their price target on shares of Targa Resources Investments from $62.00 to $70.00 in a research note to investors on Thursday, January 10th. They now have an “overweight” rating on the stock.
Targa Resources Investments (TRGP) traded up 1.48% on Tuesday, hitting $57.42. Targa Resources Investments (TRGP) has a 1-year low of $39.89 and a 1-year high of $58.83. The stock’s 50-day moving average is currently $51.63. The company has a market cap of $2.440 billion and a price-to-earnings ratio of 67.36.
Targa Resources Corp. (Targa) forms the Partnership to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.