Targa Resources, Inc. $TRGP Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in Targa Resources, Inc. (NYSE:TRGP) by 6,035.0% during the third quarter, HoldingsChannel.com reports. The fund owned 60,000 shares of the pipeline company’s stock after purchasing an additional 59,022 shares during the period. International Assets Investment Management LLC’s holdings in Targa Resources were worth $16,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lebenthal Global Advisors LLC acquired a new position in Targa Resources during the third quarter worth about $209,000. Glenview Trust Co lifted its holdings in shares of Targa Resources by 59.6% in the third quarter. Glenview Trust Co now owns 1,325 shares of the pipeline company’s stock worth $358,000 after acquiring an additional 495 shares during the last quarter. Founders Financial Securities LLC bought a new position in shares of Targa Resources in the third quarter worth about $317,000. United Asset Strategies Inc. boosted its stake in shares of Targa Resources by 14.9% in the 3rd quarter. United Asset Strategies Inc. now owns 4,230 shares of the pipeline company’s stock valued at $1,143,000 after purchasing an additional 550 shares in the last quarter. Finally, Choreo LLC boosted its stake in shares of Targa Resources by 84.7% in the 3rd quarter. Choreo LLC now owns 9,211 shares of the pipeline company’s stock valued at $2,490,000 after purchasing an additional 4,225 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Targa Resources News Summary

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

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. US Capital Advisors increased its estimates for third-quarter 2026 EPS to $2.53 from $2.51, raised 2027 quarterly forecasts, and lifted full-year 2027 EPS to $11.65 from $11.05. Its FY2028 estimate also rose to $12.87 from $12.73. The revisions suggest stronger expected operating performance and provide a positive catalyst for TRGP. MarketBeat analyst estimate updates
• Positive Sentiment: The upcoming earnings report could exceed expectations. Zacks said Targa has favorable conditions for a potential earnings beat, based on the combination of analyst estimate revisions and other earnings-prediction indicators. A stronger-than-expected report or outlook could support the stock, which is trading near its 52-week high. Zacks earnings expectations article
• Neutral Sentiment: Investors are awaiting quarterly results. Targa Resources was scheduled to announce quarterly earnings Thursday. The report will provide an important test of the elevated forecasts and may determine whether recent gains can be sustained. Targa Resources earnings announcement article
• Negative Sentiment: Balance-sheet leverage remains a key risk. A Seeking Alpha analysis argued that Targa should prioritize repairing its balance sheet. The company’s substantial debt burden could constrain financial flexibility, increase sensitivity to interest rates, and temper investor enthusiasm despite projected earnings growth. Seeking Alpha balance sheet analysis

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TRGP shares. TD Cowen raised shares of Targa Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from $275.00 to $350.00 in a report on Friday, September 18th. Barclays increased their price objective on shares of Targa Resources from $284.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, October 8th. Jefferies Financial Group restated a “buy” rating and issued a $326.00 target price on shares of Targa Resources in a research report on Thursday, October 15th. Wolfe Research set a $335.00 target price on shares of Targa Resources in a research report on Friday, August 7th. Finally, Stifel Nicolaus set a $335.00 target price on shares of Targa Resources in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $325.47.

Insider Buying and Selling

In related news, Director S Davis sold 2,400 shares of Targa Resources stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the sale, the director directly owned 1,529 shares in the company, valued at $458,195.43. This trade represents a 61.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Crisp sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the sale, the director directly owned 62,292 shares in the company, valued at $18,079,007.16. The trade was a 4.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,216 shares of company stock worth $2,127,634 in the last ninety days. Company insiders own 1.37% of the company’s stock.

Targa Resources Price Performance

Targa Resources stock opened at $314.97 on Friday. The stock has a 50-day moving average price of $290.34 and a two-hundred day moving average price of $258.86. Targa Resources, Inc. has a 12 month low of $151.24 and a 12 month high of $316.60. The company has a market capitalization of $67.54 billion, a PE ratio of 30.11, a P/E/G ratio of 1.30 and a beta of 0.80. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01.

Targa Resources (NYSE:TRGP) last released its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.71. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. Analysts expect that Targa Resources, Inc. will post 11.42 EPS for the current year.

Targa Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, October 30th. Targa Resources’s dividend payout ratio (DPR) is 47.80%.

Targa Resources Company Profile

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.