TRGP
Targa Resources Corp.NYSE
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  • Thu, Dec. 1, 12:05 PM
    • November monthly performance was: +11.09%
    • AUM of $1.82B
    • 52-week performance vs. the S&P 500 is: +12%
    • $0.16 in dividends were paid in November
    • Top 10 Holdings as of 10/31/2016: Targa Resources Corp (TRGP): 2.21837%, Joy Global Inc (JOY): 1.29446%, Covanta Holding Corp (CVA): 0.98758%, Nu Skin Enterprises Inc Class A (NUS): 0.98583%, Regal Entertainment Group (RGC): 0.96324%, Pattern Energy Group Inc Class A (PEGI): 0.92233%, ALLETE Inc (ALE): 0.87816%, Black Hills Corp (BKH): 0.87233%, Quad/Graphics Inc Class A (QUAD): 0.7723%, Lexmark International Inc (LXK): 0.77094%
    | Thu, Dec. 1, 12:05 PM | 1 Comment
  • Thu, Nov. 3, 2:46 PM
    • October monthly performance was: -3.75%
    • AUM of $1.54B
    • 52-week performance vs. the S&P 500 is: +4%
    • $0.24 in dividends were paid in October
    • Top 10 Holdings as of 9/30/2016: Targa Resources Corp (TRGP): 2.36391%, Joy Global Inc (JOY): 1.22914%, Nu Skin Enterprises Inc Class A (NUS): 0.98695%, Covanta Holding Corp (CVA): 0.96533%, Regal Entertainment Group (RGC): 0.92791%, Pattern Energy Group Inc Class A (PEGI): 0.88415%, Quad/Graphics Inc Class A (QUAD): 0.82743%, Royal Gold Inc (RGLD): 0.82602%, Black Hills Corp (BKH): 0.82263%, ALLETE Inc (ALE): 0.81383%
    | Thu, Nov. 3, 2:46 PM
  • Thu, Nov. 3, 1:58 PM
    • Targa Resources (TRGP +1.5%) is upgraded to Buy from Hold with a $50 price target, up from $48, at Stifel, citing what it views as the company's strong Q4 export guidance.
    • Stifel says Q3 results were below its estimates, including adjusted EBITDA of $245M vs. its estimate of $254M and Wall Street consensus of $264M, driven by Q/Q declines in the logistics and marketing segment as liquefied petroleum gas export volumes fell 12.6% Q/Q and 12.9% Y/Y.
    • But Stifel believes export activity looks to be robust for Q4, and TRGP expects to exceed previous guidance of at least 5M barrels per month of exports in FY 2016.
    | Thu, Nov. 3, 1:58 PM
  • Wed, Nov. 2, 7:18 AM
    • Targa Resources (NYSE:TRGP) declares $0.91/share quarterly dividend, in line with previous.
    • Forward yield 8.29%
    • Payable Nov. 15; for shareholders of record Nov. 2; ex-div Oct. 31.
    | Wed, Nov. 2, 7:18 AM
  • Wed, Nov. 2, 7:15 AM
    • Targa Resources (NYSE:TRGP): Q3 Net loss of $10.7M.
    • Revenue of $1.65B (+1.2% Y/Y) misses by $80M.
    • Press Release
    | Wed, Nov. 2, 7:15 AM
  • Wed, Oct. 19, 5:21 PM
    • Targa Resources (NYSE:TRGP) declares $0.91/share quarterly dividend, in line with previous.
    • Forward yield 7.57%
    • Payable Nov. 15; for shareholders of record Nov. 2; ex-div Oct. 31.
    | Wed, Oct. 19, 5:21 PM | 1 Comment
  • Mon, Oct. 3, 12:30 PM
    • September monthly performance was: +0.82%
    • AUM of $1.6B
    • 52-week performance vs. the S&P 500 is: +7%
    • $0.24 in dividends were paid in September
    • Top 10 Holdings as of 8/31/2016: Targa Resources Corp (TRGP): 2.1059%, Joy Global Inc (JOY): 1.21334%, Pattern Energy Group Inc Class A (PEGI): 0.93868%, Covanta Holding Corp (CVA): 0.93744%, Regal Entertainment Group (RGC): 0.91551%, Nu Skin Enterprises Inc Class A (NUS): 0.88507%, Quad/Graphics Inc Class A (QUAD): 0.84198%, ALLETE Inc (ALE): 0.81244%, Black Hills Corp (BKH): 0.78909%, Royal Gold Inc (RGLD): 0.78502%
    | Mon, Oct. 3, 12:30 PM
  • Thu, Sep. 29, 3:25 PM
    • Targa Resources (TRGP +0.4%) is downgraded to Hold from Buy with a $48 price target at Stifel, which cites valuation following gains after recent upgrades (I, II) at Barclays and Goldman Sachs.
    • Stifel has concerns surrounding liquefied petroleum gas exports which could be weaker than expected going into Q3; according to third party data, at least 16 U.S. LPG export cargoes have been cancelled during August and September, which the firm believes could pressure TRGP.
    • TRGP is trading at 12.5x EV/EBITDA, which the firm believes is near fair value but would be more constructive on shares following a pullback.
    | Thu, Sep. 29, 3:25 PM
  • Tue, Sep. 27, 3:24 PM
    • Targa Resources (TRGP +0.2%) is upgraded to Overweight from Equal Weight with a $55 price target, raised from $47, at Barclays, citing a high dividend yield which the firm thinks is safe and well positioned for growth in 2018.
    • Barclays believes a healthy balance sheet will support TRGP's dividend even under a more bearish price scenario and, at the same time, allow it to benefit from industry consolidation which has picked up with the prolonged commodity downturn.
    • The firm says TRGP offers 25% total return prospects from high yield and price upside potential, as its valuation discount should improve in a better crude and natural gas liquids price environment it expects in 2017 and beyond.
    | Tue, Sep. 27, 3:24 PM | 3 Comments
  • Mon, Sep. 19, 3:28 PM
    • Goldman Sachs upgrades its coverage on energy midstream partnerships to Attractive from Neutral, expecting a return of volume growth in 2017 and further growth in natural gas liquids, oil and natural gas helping to generate better margins.
    • The firm foresees few risks of any additional dividend cuts, as leverage and coverage should show improvements in 2017 and 2018, and believes financial risks from capital markets have begun to recede.
    • Goldman upgrades two names - Targa Resources (TRGP +3%) and Buckeye Partners (BPL +1.8%) - to Buy from Neutral, and lifts two more - Enable Midstream Partners (ENBL +3%) and Enbridge Energy Partners (EEP +0.9%) - to Neutral from Sell; however, EnLink Midstream (ENLC -0.5%) is downgraded to Sell.
    | Mon, Sep. 19, 3:28 PM | 14 Comments
  • Sat, Sep. 10, 8:25 AM
    | Sat, Sep. 10, 8:25 AM | 35 Comments
  • Tue, Sep. 6, 12:01 PM
    • August monthly performance was: +0.18%
    • AUM of $1.57B
    • 52-week performance vs. the S&P 500 is: +5%
    • $0.15 in dividends were paid in August
    • Top 10 Holdings as of 7/29/2016: Targa Resources Corp (TRGP): 1.75908%, Joy Global Inc (JOY): 1.20074%, Cal-Maine Foods Inc (CALM): 1.0183%, Covanta Holding Corp (CVA): 0.98535%, Regal Entertainment Group (RGC): 0.984%, Pattern Energy Group Inc Class A (PEGI): 0.93953%, Royal Gold Inc (RGLD): 0.88436%, ALLETE Inc (ALE): 0.85466%, Black Hills Corp (BKH): 0.83077%, B&G Foods Inc (BGS): 0.79923%
    | Tue, Sep. 6, 12:01 PM
  • Fri, Aug. 26, 1:54 PM
    • Sentiment is improving and "recovery emerging” around energy MLPs, Citi's Faisel Khan says, citing Improving commodity prices and tighter credit spreads as the main reasons, as some companies are positioning for volume growth.
    • The analyst offers six "value picks": TRGP, OKS, NS, BWP, TLLP and CQP.
    • Khan's "key thematic picks" are Energy Products Partners (NYSE:EPD), as a play on growth in natural gas liquids, Plains All American Pipeline (NYSE:PAA) and Plains GP Holdings (NYSE:PAGP) on growth in the Permian basin, and EnLink Midstream (NYSE:ENLC), as a play on Oklahoma expansion.
    | Fri, Aug. 26, 1:54 PM | 23 Comments
  • Wed, Aug. 3, 8:11 AM
    • July monthly performance was: +4.79%
    • AUM of $1.51B
    • 52-week performance vs. the S&P 500 is: +5%
    • $0.23 in dividends were paid in July
    • Top 10 Holdings as of 6/30/2016: Targa Resources Corp (TRGP): 2.06845%, Cal-Maine Foods Inc (CALM): 1.12003%, Covanta Holding Corp (CVA): 1.05209%, Regal Entertainment Group (RGC): 0.95889%, Joy Global Inc (JOY): 0.95533%, Pattern Energy Group Inc Class A (PEGI): 0.92093%, ALLETE Inc (ALE): 0.89961%, Black Hills Corp (BKH): 0.86375%, Royal Gold Inc (RGLD): 0.78356%, B&G Foods Inc (BGS): 0.77656%
    | Wed, Aug. 3, 8:11 AM
  • Wed, Aug. 3, 6:49 AM
    • Targa Resources (NYSE:TRGP): Q2 EPS of -$0.33 misses by $0.25.
    • Revenue of $1.58B (-7.1% Y/Y) misses by $150M.
    • Press Release
    | Wed, Aug. 3, 6:49 AM
  • Tue, Aug. 2, 7:01 AM
    • July monthly performance was: +4.79%
    • AUM of $1.51B
    • 52-week performance vs. the S&P 500 is: +6%
    • $0.23 in dividends were paid in July
    • Top 10 Holdings as of 6/30/2016: Targa Resources Corp (TRGP): 2.06845%, Cal-Maine Foods Inc (CALM): 1.12003%, Covanta Holding Corp (CVA): 1.05209%, Regal Entertainment Group (RGC): 0.95889%, Joy Global Inc (JOY): 0.95533%, Pattern Energy Group Inc Class A (PEGI): 0.92093%, ALLETE Inc (ALE): 0.89961%, Black Hills Corp (BKH): 0.86375%, Royal Gold Inc (RGLD): 0.78356%, B&G Foods Inc (BGS): 0.77656%
    | Tue, Aug. 2, 7:01 AM