Stock Pulse
Targa Resources Corp. (TRGP) announced a 33% increase in its quarterly dividend to $1.00 per share [2], payable on May 15th. The company's stock price saw an 8.2% jump to $173.65, driven by rising natural gas prices and positive policy changes [1]. Targa secured a 17.5% stake in the Traverse Pipeline project, a new 160-mile natural gas pipeline expected to be operational in 2027 [3], [4], [5], [7]. This strategic investment expands Targa's midstream infrastructure and is expected to enhance its market position and revenue streams [3]. The company is also expanding its infrastructure with new processing plants and fractionators [6]. While a Zacks Rank #3 (Hold) suggests some uncertainty [1], the recent dividend increase, infrastructure investments, and positive market response signal overall positive momentum for Targa.