Targa Resources Corp Stock Performance
Targa Resources Corp has experienced a notable increase in its stock price over the past year, with a recent high surpassing its 52-week average.
Market Performance
The energy sector has shown a 0.7% gain as of midday Wednesday, driven by stocks such as Targa Resources Corp and ConocoPhillips.
Investment Strategies
For investors seeking to enhance their income from the stock, selling covered calls may be a viable option. This strategy could potentially yield an additional 17.8% rate on top of the 2.4% annualized dividend yield.
Long-term Investment Returns
A long-term investment in Targa Resources Corp has demonstrated promising returns. A $100 investment made five years ago has resulted in a substantial increase in value.
Key Statistics
- 52-week average surpassed
- Energy sector gain: 0.7% as of midday Wednesday
- Potential yield from selling covered calls: 17.8% on top of 2.4% annualized dividend yield