This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Targa Resources Corp (TRGP): Today's Featured Utilities Winner

Targa Resources (TRGP) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day down 0.6%. By the end of trading, Targa Resources rose 73 cents (1.5%) to $49.21 on average volume. Throughout the day, 214,242 shares of Targa Resources exchanged hands as compared to its average daily volume of 196,500 shares. The stock ranged in a price between $47.98-$49.23 after having opened the day at $48.15 as compared to the previous trading day's close of $48.48. Other companies within the Utilities sector that increased today were: Active Power (ACPW), up 9.2%, Dynegy (DYN), up 4.6%, Korea Electric Power (KEP), up 3.4%, and GreenHunter Energy (GRH), up 3%.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. Targa Resources has a market cap of $2.04 billion and is part of the utilities industry. The company has a P/E ratio of 65, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 19.1% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Targa Resources a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Targa Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management and poor profit margins.

On the negative front, Distribution and Marketing Company of the N (EDN), down 13.7%, Ocean Power Technologies (OPTT), down 4.8%, GenOn Energy (GEN), down 3.8%, and EQT (EQT), down 3.6%, were all losers within the utilities sector with CenterPoint Energy (CNP) being today's utilities sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR (XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities (SDP).

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs