FY2025 EPS Estimate for Targa Resources Lowered by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Analysts at Capital One Financial cut their FY2025 earnings per share (EPS) estimates for Targa Resources in a research note issued on Monday, November 10th. Capital One Financial analyst W. Suki now forecasts that the pipeline company will post earnings of $8.28 per share for the year, down from their prior forecast of $8.39. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. Capital One Financial also issued estimates for Targa Resources’ Q4 2025 earnings at $2.25 EPS.

Targa Resources (NYSE:TRGP) last released its earnings results on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.02). Targa Resources had a net margin of 8.99% and a return on equity of 43.35%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.70 billion.

A number of other brokerages have also recently issued reports on TRGP. Wall Street Zen cut shares of Targa Resources from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company reiterated an “overweight” rating and issued a $205.00 target price (up from $198.00) on shares of Targa Resources in a report on Friday, August 8th. Stifel Nicolaus set a $213.00 price target on shares of Targa Resources in a report on Thursday, November 6th. Mizuho lowered their price objective on shares of Targa Resources from $212.00 to $207.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their price objective on Targa Resources from $214.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.50.

Targa Resources Stock Performance

Shares of TRGP stock opened at $173.17 on Wednesday. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.69 and a quick ratio of 0.56. The stock has a market cap of $37.17 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 0.91 and a beta of 1.16. The stock has a 50-day moving average of $161.34 and a 200-day moving average of $164.58. Targa Resources has a one year low of $144.14 and a one year high of $218.51.

Institutional Investors Weigh In On Targa Resources

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Targa Resources by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,382,289 shares of the pipeline company’s stock worth $4,755,169,000 after purchasing an additional 422,075 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Targa Resources by 7.5% in the first quarter. Wellington Management Group LLP now owns 13,790,955 shares of the pipeline company’s stock valued at $2,764,673,000 after purchasing an additional 962,631 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Targa Resources by 1.7% during the second quarter. Geode Capital Management LLC now owns 5,856,899 shares of the pipeline company’s stock worth $1,022,222,000 after buying an additional 95,611 shares during the period. Invesco Ltd. grew its holdings in shares of Targa Resources by 3.2% during the first quarter. Invesco Ltd. now owns 4,565,960 shares of the pipeline company’s stock worth $915,338,000 after buying an additional 139,780 shares in the last quarter. Finally, Norges Bank acquired a new stake in Targa Resources in the 2nd quarter valued at approximately $708,366,000. 92.13% of the stock is owned by institutional investors.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Targa Resources’s dividend payout ratio is currently 53.19%.

About Targa Resources

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.