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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Targa Resources (TRGP) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Targa Resources fell $1.69 (-1.6%) to $106.99 on light volume. Throughout the day, 153,473 shares of Targa Resources exchanged hands as compared to its average daily volume of 271,500 shares. The stock ranged in price between $106.84-$109.04 after having opened the day at $109.04 as compared to the previous trading day's close of $108.68. Other companies within the Utilities sector that declined today were: GreenHunter Resources (GRH), down 2.0%, Fuelcell Energy (FCEL), down 1.8% and RGC Resources (RGCO), down 1.6%.

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. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. Targa Resources has a market cap of $4.6 billion and is part of the energy industry. Shares are up 24.0% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Targa Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Targa Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Empresa Distribuidora y Comercializadora No (EDN), up 8.5%, Transportadora de Gas del Sur (TGS), up 6.2%, Ocean Power Technologies (OPTT), up 4.6% and American DG Energy (ADGE), up 4.5% , were all gainers within the utilities sector with Southern (SO) being today's featured utilities sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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