Targa Resources, Inc. (TRGP) Dividends

Targa Resources, Inc. (TRGP): $63.77

-1.10 (-1.70%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Dividend Yield and Dividend History Highlights

  • As for free cash flow, TRGP has greater average cash flow over the past 5.5 years than 2.83% US-listed dividend payers.
  • TRGP has a compound annual growth rate of its cash flow of 0.53%, higher than about 92.98% stocks in our dividend set.
  • If price volatilty is something you're paying attention to when building your dividend portfolio, know that TRGP has less fluctuation in its price than 6.36% of stocks we're observing.
  • If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with TRGP that may be suitable potential portfolio mates: TMO, WPM, CL, MPX and PRGO.
TRGP Ex-Dividend Date
TRGP Dividend Yield
2.16%
TRGP Annual Dividend
$1.40
TRGP Payout Ratio

TRGP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$63.77$24.99 -65.41%

A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. Regarding Targa Resources Corp, the DDM model generated by StockNews estimates a return of negative 65.41% in comparison to its current price. To help understand and contextualize the model's evaluation of TRGP, investors may wish to consider are:

  • If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Energy sector, Targa Resources Corp's expected return of -65.41% is higher than only 16.19% of its fellow sector mates.
  • Compared to all dividend issuing stocks in our set, Targa Resources Corp bears a discount rate, according to our calculations, lower than only 16.19% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
  • Beta, which compares volatilty of an individual stock to that of the S&P 500, is lower for TRGP than it is for only 20.95% of other equities in the Energy sector that also issue dividends.
  • Based on dividend growth rate, Targa Resources Corp has been increasing its dividends at a faster rate than only 15.68% of US-listed dividend-issuing stocks we observed.

TRGP Dividend Chart


TRGP Dividend History

Ex-Dividend Date Type Payout Amount Change
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TRGP Dividends vs. Peers

TRGP's dividend yield currently ranks #65 of 80 vs. its peers in the MLPs - Oil & Gas category.
Rank Symbol Name Dividend Yield
1 BPT BP Prudhoe Bay Royalty Trust 38.39%
2 CVRR CVR Refining, LP Common Limited Partner Interests 34.32%
3 CNXM CNX Midstream Partners LP Common Units representing limited partner interests 21.83%
4 NDRO Enduro Royalty Trust Trust Units representing beneficial interest in the trust 14.59%
5 GPP Green Plains Partners LP 14.25%
6 DMLP Dorchester Minerals L.P. 14.19%
7 EEP Enbridge Energy, L.P. Common Units 13.63%
8 ANDX Andeavor Logistics LP Common Units representing Limited Partner Interests 12.81%
9 ENLK EnLink Midstream Partners, LP Common Limited Partnership Interests 12.46%
10 USAC USA Compression Partners L.P. 11.65%
11 NS Nustar Energy L.P. Common Units 11.00%
12 CAPL CrossAmerica Partners L.P. 10.76%
13 ARCX Arc Logistic Partners LP Common Units representing limited partner interest 10.68%
14 ETP Energy Transfer Partners, L.P. Common Units representing limited partner interests 10.38%
15 VNOM Viper Energy Partners LP - Common Unit 10.29%
16 BSM Black Stone Minerals, L.P 9.82%
17 OMP Oasis Midstream Partners LP 9.39%
18 ENBL Enable Midstream Partners LP 9.36%
19 AM Antero Midstream Corporation 9.12%
20 MPLX MPLX L.P. 8.96%
21 CEQP Crestwood Equity Partners LP 8.87%
22 SRLP Sprague Resources LP Common Units representing Limited Partner Interests 8.77%
23 GLP Global Partners LP 8.73%
24 TEP Tallgrass Energy Partners, LP Common Units representing limited partner interests 8.67%
25 SEP Spectra Energy Partners, LP Common Units representing Limited Partner Interests 8.67%
26 TCP TC PipeLines, LP Common Units representing Limited Partner Interests 8.61%
27 MMP Magellan Midstream Partners L.P. Limited Partnership 8.60%
28 PSXP Phillips 66 Partners LP 8.33%
29 SUN Sunoco L.P. 8.18%
30 BPMP BP Midstream Partners LP Common Units representing Limited Partner Interests 8.12%
31 HEP Holly Energy Partners, L.P. 7.98%
32 TLP TransMontaigne Partners L.P. Transmontaigne Partners L.P. Common Units representing limited partner interests 7.86%
33 WNRL Western Refining Logistics, LP Common Units representing limited partner interests 7.70%
34 PAA Plains All American Pipeline L.P. 7.67%
35 APLP Archrock Partners, L.P. - Common Units representing Limited Partner Interests 7.65%
36 EPD Enterprise Products Partners L.P. 7.64%
37 DKL Delek Logistics Partners L.P. 7.59%
38 SHLX Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests 7.59%
39 WES Western Midstream Partners L.P. 7.47%
40 WGP Western Gas Equity Partners, LP Common Limited Partner Interests 7.37%
41 SGU Star Group L.P. 7.33%
42 PAGP Plains Group Holdings, L.P. Class A Shares representing limited partner interests 7.28%
43 BPL Buckeye Partners L.P. 7.24%
44 EQM EQM Midstream Partners, LP Common Units representing Limited Partner Interests 7.23%
45 ETE Energy Transfer Equity, L.P. Energy Transfer Equity, L.P. Common Units representing Limited Partnership interests 7.14%
46 CQH Cheniere Energy Partners LP Holdings, LLC 7.07%
47 WPT World Point Terminals, LP Common Units representing Limited Partner Interests 6.94%
48 VTTI VTTI Energy Partners LP Common Units representing limited partner interests 6.91%
49 RMP Rice Midstream Partners LP Common Units representing limited partner interests 6.63%
50 EQGP EQGP Holdings, LP Common Units representing limited partner interests 6.30%
51 OKS ONEOK Partners, L.P. 6.23%
52 PBFX PBF Logistics LP Common Units representing limited partner interests 5.99%
53 PTXP PennTex Midstream Partners, LP - Common Limited Partnership Interests 5.90%
54 GEL Genesis Energy, L.P. Common Units 5.89%
55 CQP Cheniere Energy Partners, LP Cheniere Energy Partners, LP Common Units 5.60%
56 ALDW Alon USA Partners, LP Common Units representing Limited Partner Interests 5.35%
57 WPZ Williams Partners, L.P. Common Limited Partner Interests 5.29%
58 VLP Valero Energy Partners LP Common Units representing limited partner interests 5.22%
59 NBLX Noble Midstream Partners LP Common Limited Partner Interests 4.93%
60 ENLC EnLink Midstream LLC 4.51%
61 DCP DCP Midstream, LP Common Units 4.49%
62 BWP Boardwalk Pipeline Partners LP Common Units 3.32%
63 CCLP CSI Compressco LP - common units 2.99%
64 SDLP Seadrill Partners LLC Common Limited Liability Company Interests 2.63%
65 TRGP Targa Resources, Inc. 2.12%
66 MMLP Martin Midstream Partners L.P. 0.55%
67 CLMT Calumet Specialty Products Partners, L.P. - Common units representing limited partner interests 0.00%
68 SND Smart Sand, Inc. 0.00%
69 TGE Tallgrass Energy, LP Class A Shares 0.00%
70 FGP Ferrellgas Partners, L.P. 0.00%
71 NSH Nustar GP Holdings, LLC Units 0.00%
72 MCEP Mid-Con Energy Partners, LP - Common Units 0.00%
73 SMLP Summit Midstream Partners, LP Common Limited Partner Interests 0.00%
74 EVEP EV Energy Partners, L.P. - common units representing limited partnership interest 0.00%
75 SNMP Sanchez Midstream Partners LP 0.00%
76 EMES Emerge Energy Services LP Common Units representing Limited Partner Interests 0.00%
77 BTE Baytex Energy Corp 0.00%
78 VNR Vanguard Natural Res 0.00%
79 NGL NGL Energy Partners LP 0.00%
80 LGCY Legacy Reserves Inc. 0.00%

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