10 High Growth Dividend Paying Stocks to Buy

6. Targa Resources Corp. (NYSE:TRGP)

Average 5-Year Revenue Growth Rate: 18.16%

Dividend Yield as of July 7: 2.33%

Number of Hedge Fund Holders: 55

Targa Resources Corp. (NYSE:TRGP) is one of the best high growth stocks. On June 26, RBC Capital lifted its price target from $191 to $205 and maintained an Outperform rating on the stock.

The price target was raised following a series of investor engagements with Targa executives, notably President Jennifer Kneale, Logistics & Transportation Head Scott Pryor, and IR and Fundamentals Vice President Tristan Richardson.

After the meetings, RBC Capital reported a moderately improved view of Targa Resources and highlighted a perceived misalignment between the firm’s market valuation and its robust financial position.

The company’s consistent cash distributions to shareholders were identified as a main element supporting the firm’s favorable outlook.

RBC Capital revised its 2026 projections for Targa Resources Corp. (NYSE:TRGP) upward, citing expected increases in volumes as the primary driver behind both the updated estimates and the elevated price target. The company has exhibited continued growth, with a five-year compound annual revenue growth rate of 14% and a solid EBITDA performance of $4.06 billion over the trailing twelve months.

Targa Resources Corp. (NYSE:TRGP) owns and operates a strategically integrated portfolio of midstream infrastructure assets across North America.