Groupama Asset Managment Has $1.30 Million Stock Holdings in Targa Resources, Inc. $TRGP

Groupama Asset Managment decreased its holdings in Targa Resources, Inc. (NYSE:TRGP) by 50.1% during the 1st quarter, HoldingsChannel reports. The firm owned 5,191 shares of the pipeline company’s stock after selling 5,221 shares during the quarter. Groupama Asset Managment’s holdings in Targa Resources were worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norris Financial Group LLC acquired a new stake in Targa Resources in the first quarter valued at about $215,000. Bank of America Corp DE lifted its holdings in shares of Targa Resources by 28.0% in the first quarter. Bank of America Corp DE now owns 3,151,993 shares of the pipeline company’s stock worth $790,299,000 after acquiring an additional 688,598 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Targa Resources by 143.6% in the first quarter. Janus Henderson Group PLC now owns 35,225 shares of the pipeline company’s stock worth $8,833,000 after acquiring an additional 20,763 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Targa Resources by 175.4% in the 1st quarter. Arkadios Wealth Advisors now owns 4,505 shares of the pipeline company’s stock valued at $1,130,000 after purchasing an additional 2,869 shares in the last quarter. Finally, Encore Global Management LP acquired a new stake in shares of Targa Resources in the 1st quarter valued at approximately $501,000. 92.13% of the stock is currently owned by institutional investors.

Insider Transactions at Targa Resources

In related 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Targa Resources Stock Up 0.8%

NYSE:TRGP opened at $270.55 on Friday. The firm’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, Inc. has a one year low of $144.14 and a one year high of $291.04. The company has a market cap of $58.07 billion, a PE ratio of 27.36, a P/E/G ratio of 1.38 and a beta of 0.71.

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

Targa Resources Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on TRGP. Weiss Ratings reiterated a “buy (b)” rating on shares of Targa Resources in a research report on Thursday, July 2nd. UBS Group restated a “buy” rating and issued a $318.00 target price on shares of Targa Resources in a research report on Thursday, July 9th. Barclays boosted their target price on shares of Targa Resources from $270.00 to $282.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Seaport Research Partners reiterated a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. Finally, Scotiabank increased their price target on Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Seventeen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.00.

Trending Headlines about 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 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.