Targa Resources, Inc. $TRGP Stock Holdings Trimmed by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its holdings in shares of Targa Resources, Inc. (NYSE:TRGP) by 48.0% in the first quarter, HoldingsChannel reports. The fund owned 9,371 shares of the pipeline company’s stock after selling 8,657 shares during the period. NewEdge Advisors LLC’s holdings in Targa Resources were worth $2,209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp increased its holdings in shares of Targa Resources by 1.3% during the fourth quarter. State Street Corp now owns 12,668,233 shares of the pipeline company’s stock valued at $2,337,289,000 after purchasing an additional 162,878 shares during the period. Geode Capital Management LLC lifted its holdings in Targa Resources by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,867,345 shares of the pipeline company’s stock worth $1,078,497,000 after purchasing an additional 45,495 shares during the period. Norges Bank acquired a new stake in Targa Resources in the fourth quarter worth about $735,758,000. Tortoise Capital Advisors L.L.C. lifted its holdings in Targa Resources by 20.3% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 3,389,006 shares of the pipeline company’s stock worth $625,272,000 after purchasing an additional 572,562 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Targa Resources by 48.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company’s stock valued at $607,023,000 after buying an additional 1,075,246 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Insider Activity at Targa Resources

In other news, Director Charles R. Crisp sold 10,602 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the completion of the sale, the director directly owned 66,492 shares of the company’s stock, valued at $17,019,292.32. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

TRGP has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Targa Resources from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Truist Financial upped their price target on shares of Targa Resources from $289.00 to $312.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of Targa Resources from $291.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Mizuho raised their price objective on shares of Targa Resources from $260.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group raised their price objective on shares of Targa Resources from $242.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Seventeen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $288.00.

Targa Resources Stock Up 0.8%

NYSE TRGP opened at $270.55 on Friday. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $291.04. The company has a market capitalization of $58.07 billion, a P/E ratio of 27.36, a PEG ratio of 1.37 and a beta of 0.71. The company’s 50 day simple moving average is $269.16 and its 200 day simple moving average is $245.09. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.72 and a quick ratio of 0.62.

Targa Resources (NYSE:TRGP) last issued its earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.68 billion. Targa Resources had a return on equity of 71.00% and a net margin of 12.87%. Equities research analysts expect that Targa Resources, Inc. will post 10.8 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, July 31st. Targa Resources’s dividend payout ratio is 50.56%.

Key Stories Impacting Targa Resources

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: US Capital Advisors raised its Q2 2026 EPS forecast to $2.75 from $2.53 and lifted its FY2026 estimate to $10.24 from $10.18. The firm maintained a “Moderate Buy” rating, providing a positive near-term catalyst ahead of Targa’s earnings release. US Capital Advisors estimate revisions
• Positive Sentiment: A Zacks preview said Targa has the factors needed for a potential earnings beat in its upcoming second-quarter report, which may be supporting expectations for a favorable result. Zacks earnings preview
• Positive Sentiment: Analyst coverage remains broadly supportive: Targa carries a consensus “Moderate Buy” rating, while another report highlighted an upward revision to the FY2026 EPS outlook. FY2026 EPS forecast revision
• Neutral Sentiment: A dividend analysis is available, but the supplied report does not provide specific changes to Targa’s dividend, payout policy, or yield. Targa Resources dividend analysis
• Negative Sentiment: US Capital Advisors trimmed several forward estimates: Q3 2026 EPS to $2.52 from $2.58, Q4 2026 to $2.75 from $2.85, Q1 2027 to $2.78 from $2.79, Q2 2027 to $2.76 from $2.77, and FY2028 to $13.42 from $13.45. The cuts are small but suggest somewhat softer longer-term expectations. Forward EPS estimate reductions

Targa Resources Profile

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.