Noteworthy ETF Outflows: RPG, RCL, KKR, TRGP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
0mins
Should l Buy TRGP?
Source: NASDAQ.COM
RPG Stock Performance: RPG's stock has a 52-week low of $28.86 and a high of $41.28, with the latest trade at $41.16, indicating its current position near the high end of its range.
ETFs Trading Dynamics: ETFs function similarly to stocks but involve trading units that can be created or destroyed based on investor demand, impacting the underlying holdings significantly during notable inflows or outflows.
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Analyst Views on TRGP
Wall Street analysts forecast TRGP stock price to fall
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 258.980
Low
188.00
Averages
214.75
High
266.00
Current: 258.980
Low
188.00
Averages
214.75
High
266.00
About TRGP
Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Transfer's Unit Price Poised for Significant Upside
- Price Surge Potential: Energy Transfer's unit price has already increased over 20% this year, nearing $20, and is expected to rise further due to higher oil prices, with a target of $25 representing a more than 25% increase.
- Earnings Growth Drivers: Although Energy Transfer does not produce oil, approximately 10% of its earnings are commodity price-linked, which are expected to rise with oil prices, while increased volumes through its liquids pipelines and marine export terminals will further boost revenue.
- LNG Project Restart Possibility: The closure of the Strait of Hormuz has disrupted global LNG supplies, prompting Energy Transfer to reconsider its Lake Charles LNG project, with potential discussions with partners that could add long-term value to its gas pipeline business.
- Valuation Upside Potential: Despite the price surge, Energy Transfer still trades at a low valuation, and as its financial position improves and expansion projects come online, the market is likely to reassess its valuation, driving it closer to peer averages.
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Energy Transfer's Optimistic Outlook Amid Rising Oil Prices
- Oil Price Growth Catalyst: Energy Transfer (ET) is projected to achieve earnings growth of 9% to 11.5% this year, driven by rising oil prices, particularly as potential U.S. military actions against Iran could lead to significant price spikes, enhancing the company's profitability.
- LNG Project Restart Potential: Although the Lake Charles LNG project was suspended last year, the closure of the Strait of Hormuz, disrupting 20% of global LNG supplies, may prompt Energy Transfer to find a new partner to restart the project, adding long-term value to its gas pipeline business.
- Increased Pipeline Volumes: With U.S. energy exports surging due to geopolitical tensions, Energy Transfer expects significant increases in volumes across its liquids pipelines and marine export terminals, which will drive higher fee-based income and further boost unit prices.
- Valuation Upside Anticipation: Despite a more than 20% rise in unit price this year, Energy Transfer still trades at a discount compared to large-scale energy midstream companies, suggesting that the market may soon recognize its strong financial position and growth prospects, potentially driving unit prices towards the $25 target.
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- Value Decline: The quarter-end value of Hess Midstream's position dropped by $46.82 million due to both the sale and stock price changes, suggesting a less optimistic market outlook that impacts its standing in Cushing's portfolio.
- Portfolio Restructuring: Cushing's top five holdings are large, diversified pipeline operators, and the concentrated asset base of Hess Midstream, which relies heavily on a single core customer (Chevron), led to its removal from the portfolio, indicating a preference for broader risk diversification.
- Market Performance: As of April 27, 2026, Hess Midstream shares were priced at $37.02, reflecting a 3.2% increase over the past year, yet underperforming the S&P 500 by 26.34 percentage points, highlighting its competitive challenges in the market.
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- Market Implications: This adjustment reflects a positive outlook on Target's performance and potential growth in the market.
See More
Targa Resources Increases Quarterly Dividend by 25%
- Dividend Increase: Targa Resources has declared a quarterly dividend increase from $1.00 to $1.25 per share, representing a 25% rise, which reflects the company's ongoing improvement in profitability and cash flow, thereby boosting investor confidence.
- Yield Overview: With the new dividend, the forward yield stands at 2.08%, not only attracting income-seeking investors but also potentially enhancing the stock's market appeal, which could drive the share price higher.
- Payment Details: The new dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, ensuring shareholders receive their earnings promptly and further solidifying the relationship between the company and its investors.
- Market Performance: Targa Resources' stock has performed well in the past, and while the current dividend increase indicates financial health, there remains potential for further growth, which may attract more long-term investors to the stock.
See More
Targa Resources Corp. Announces Increase in Quarterly Dividend
- Dividend Increase: Targa Resources Corp. has declared a quarterly cash dividend of $1.25 per share for Q1 2026, reflecting a 25% increase from Q1 2025, indicating the company's strong profitability and commitment to shareholder returns.
- Payment Schedule: The dividend will be paid on May 15, 2026, to shareholders of record as of April 30, 2026, ensuring timely returns for investors and enhancing their confidence in the company.
- Earnings Release Plan: The company will report its Q1 2026 financial results before the market opens on May 7, 2026, and will host a live webcast at 11:00 AM ET, providing transparency and engaging with investors regarding performance.
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See More
Energy Transfer's Unit Price Poised for Significant Upside
- Price Surge Potential: Energy Transfer's unit price has already increased over 20% this year, nearing $20, and is expected to rise further due to higher oil prices, with a target of $25 representing a more than 25% increase.
- Earnings Growth Drivers: Although Energy Transfer does not produce oil, approximately 10% of its earnings are commodity price-linked, which are expected to rise with oil prices, while increased volumes through its liquids pipelines and marine export terminals will further boost revenue.
- LNG Project Restart Possibility: The closure of the Strait of Hormuz has disrupted global LNG supplies, prompting Energy Transfer to reconsider its Lake Charles LNG project, with potential discussions with partners that could add long-term value to its gas pipeline business.
- Valuation Upside Potential: Despite the price surge, Energy Transfer still trades at a low valuation, and as its financial position improves and expansion projects come online, the market is likely to reassess its valuation, driving it closer to peer averages.
See More
Energy Transfer's Optimistic Outlook Amid Rising Oil Prices
- Oil Price Growth Catalyst: Energy Transfer (ET) is projected to achieve earnings growth of 9% to 11.5% this year, driven by rising oil prices, particularly as potential U.S. military actions against Iran could lead to significant price spikes, enhancing the company's profitability.
- LNG Project Restart Potential: Although the Lake Charles LNG project was suspended last year, the closure of the Strait of Hormuz, disrupting 20% of global LNG supplies, may prompt Energy Transfer to find a new partner to restart the project, adding long-term value to its gas pipeline business.
- Increased Pipeline Volumes: With U.S. energy exports surging due to geopolitical tensions, Energy Transfer expects significant increases in volumes across its liquids pipelines and marine export terminals, which will drive higher fee-based income and further boost unit prices.
- Valuation Upside Anticipation: Despite a more than 20% rise in unit price this year, Energy Transfer still trades at a discount compared to large-scale energy midstream companies, suggesting that the market may soon recognize its strong financial position and growth prospects, potentially driving unit prices towards the $25 target.
See More
Cushing Exits Hess Midstream Completely
- Share Sale: Cushing Asset Management sold all 1,357,200 shares of Hess Midstream in Q1 2026, with an estimated transaction value of $50.29 million, indicating a complete exit that reflects diminished confidence in the asset.
- Value Decline: The quarter-end value of Hess Midstream's position dropped by $46.82 million due to both the sale and stock price changes, suggesting a less optimistic market outlook that impacts its standing in Cushing's portfolio.
- Portfolio Restructuring: Cushing's top five holdings are large, diversified pipeline operators, and the concentrated asset base of Hess Midstream, which relies heavily on a single core customer (Chevron), led to its removal from the portfolio, indicating a preference for broader risk diversification.
- Market Performance: As of April 27, 2026, Hess Midstream shares were priced at $37.02, reflecting a 3.2% increase over the past year, yet underperforming the S&P 500 by 26.34 percentage points, highlighting its competitive challenges in the market.
See More
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- Target Price Increase: Raymond James has raised the target price for Target Corporation's stock from $255 to $270.
- Market Implications: This adjustment reflects a positive outlook on Target's performance and potential growth in the market.
See More
Targa Resources Increases Quarterly Dividend by 25%
- Dividend Increase: Targa Resources has declared a quarterly dividend increase from $1.00 to $1.25 per share, representing a 25% rise, which reflects the company's ongoing improvement in profitability and cash flow, thereby boosting investor confidence.
- Yield Overview: With the new dividend, the forward yield stands at 2.08%, not only attracting income-seeking investors but also potentially enhancing the stock's market appeal, which could drive the share price higher.
- Payment Details: The new dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, ensuring shareholders receive their earnings promptly and further solidifying the relationship between the company and its investors.
- Market Performance: Targa Resources' stock has performed well in the past, and while the current dividend increase indicates financial health, there remains potential for further growth, which may attract more long-term investors to the stock.
See More
Targa Resources Corp. Announces Increase in Quarterly Dividend
- Dividend Increase: Targa Resources Corp. has declared a quarterly cash dividend of $1.25 per share for Q1 2026, reflecting a 25% increase from Q1 2025, indicating the company's strong profitability and commitment to shareholder returns.
- Payment Schedule: The dividend will be paid on May 15, 2026, to shareholders of record as of April 30, 2026, ensuring timely returns for investors and enhancing their confidence in the company.
- Earnings Release Plan: The company will report its Q1 2026 financial results before the market opens on May 7, 2026, and will host a live webcast at 11:00 AM ET, providing transparency and engaging with investors regarding performance.
- Industry Position: As one of the largest independent infrastructure companies in North America, Targa's leadership in midstream services and its diversified asset portfolio ensure its competitive advantage in the growing clean fuel market.
See More
