Healthcare of Ontario Pension Plan Trust Fund Has $3.38 Million Stock Holdings in Targa Resources, Inc. $TRGP

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Targa Resources, Inc. (NYSE:TRGP) by 58.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,481 shares of the pipeline company’s stock after acquiring an additional 4,996 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Targa Resources were worth $3,380,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Targa Resources during the fourth quarter worth $27,000. Miller Capital Partners Inc. bought a new stake in Targa Resources during the fourth quarter valued at $30,000. Leonteq Securities AG acquired a new stake in Targa Resources during the 4th quarter worth about $31,000. Godfrey Financial Associates Inc. bought a new position in shares of Targa Resources in the 4th quarter worth about $37,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Targa Resources in the 1st quarter valued at about $41,000. 92.13% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Charles R. Crisp sold 10,602 shares of Targa Resources stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the completion of the transaction, the director directly owned 66,492 shares in the company, valued at $17,019,292.32. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a research note on Wednesday, May 27th. Stifel Nicolaus set a $268.00 price objective on shares of Targa Resources in a research report on Friday, May 8th. The Goldman Sachs Group lifted 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. Jefferies Financial Group started coverage on shares of Targa Resources in a research note on Thursday, June 18th. They set a “buy” rating and a $314.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $310.00 price target on shares of Targa Resources in a research note on Tuesday, July 21st. Seventeen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $288.00.

Targa Resources Trading Up 1.4%

Shares of Targa Resources stock opened at $268.44 on Friday. The stock has a market capitalization of $57.62 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $291.04. The stock has a 50 day moving average price of $269.28 and a two-hundred day moving average price of $244.91. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.62 and a current ratio of 0.72.

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). Targa Resources had a return on equity of 71.00% and a net margin of 12.87%.The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.68 billion. As a group, equities analysts anticipate that Targa Resources, Inc. will post 10.8 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 31st. Targa Resources’s dividend payout ratio (DPR) is 50.56%.

Targa Resources News Roundup

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

• Positive Sentiment: US Capital Advisors raised its Q2 2026 EPS forecast for Targa Resources to $2.75 from $2.53 and maintained a “Moderate Buy” rating. The revision signals greater confidence in the company’s near-term operating performance. MarketBeat analyst estimate update
• Positive Sentiment: US Capital Advisors also increased its FY2026 EPS forecast to $10.24 from $10.18, while Erste Group Bank raised its estimate to $10.94 from $10.80 and reiterated a “Buy” rating. The upward revisions reinforce the view that earnings momentum may be improving. MarketBeat earnings estimate revisions
• Positive Sentiment: Zacks expects Targa Resources to beat consensus estimates when it reports second-quarter results, citing favorable earnings-surprise indicators. Investors are focused on whether the company can exceed the expected $2.75-per-share result. Targa Resources expected earnings beat
• Neutral Sentiment: Targa Resources is scheduled to release its quarterly earnings on Thursday, making the upcoming report the primary near-term catalyst for TRGP. The stock carries a consensus “Moderate Buy” rating, although its valuation and elevated leverage could magnify volatility if results disappoint. Targa Resources earnings release schedule

Targa Resources Company 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.