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).

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