Should You Invest in the Invesco S&P 500 Equal Weight Energy ETF (RSPG)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2024
0mins
Should l Buy TRGP?
Source: NASDAQ.COM
Invesco S&P 500 Equal Weight Energy ETF Overview: Launched in 2006, the Invesco S&P 500 Equal Weight Energy ETF (RSPG) offers broad exposure to the energy sector with a low expense ratio of 0.40% and a current dividend yield of 2.72%. It has approximately $509.72 million in assets and aims to match the performance of the S&P 500 EQUAL WEIGHT ENERGY PLUS INDEX.
Performance and Comparison: Year-to-date, RSPG has returned about 1.49%, but is down 2.81% over the past year. It holds a Zacks ETF Rank of 2 (Buy), indicating strong potential, and investors may also consider alternatives like the Vanguard Energy ETF (VDE) and Energy Select Sector SPDR ETF (XLE) for diversified exposure in the energy market.
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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: 218.260
Low
188.00
Averages
214.75
High
266.00
Current: 218.260
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.
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- Strong Performance by Targa Resources: Targa Resources reported a record adjusted EBITDA of $1.27 billion for Q3 2025, a 19% year-over-year increase, with net income reaching $478.4 million, showcasing robust growth in the natural gas transmission sector.
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- AUM Impact: This acquisition raises Kinetik Holdings' representation to 3.8% of Cushing's assets under management, indicating its significant position within the fund's investment portfolio.
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- Production Loss Estimates: Natural gas production is projected to decrease by 10 to 80 billion cubic feet, similar to the 30 billion cubic feet loss caused by Winter Storm Uri in 2021, potentially leading to supply tightness and impacting price volatility in the market.
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