Vanguard Group Inc. increased its stake in Targa Resources, Inc. (NYSE:TRGP) by 1.5% in the third quarter, bringing its total ownership to 13.19% valued at approximately $4.76 billion. Analysts generally rate TRGP as a “Moderate Buy” with an average price target of $213.50. Despite paying a quarterly dividend, Targa Resources maintains a high debt-to-equity ratio of 5.91.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Vanguard Group Inc. Raises Stock Holdings in Targa Resources, Inc. $TRGP
Vanguard Group Inc. increased its stake in Targa Resources, Inc. (NYSE:TRGP) by 1.5% in the third quarter, bringing its total ownership to 13.19% valued at approximately $4.76 billion. Analysts generally rate TRGP as a “Moderate Buy” with an average price target of $213.50. Despite paying a quarterly dividend, Targa Resources maintains a high debt-to-equity ratio of 5.91.