Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Targa Resources, Inc. (NYSE:TRGP)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Targa Resources, Inc. (NYSE:TRGP). In a filing disclosed on December 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Targa Resources stock on November 12th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

Targa Resources Stock Performance

Shares of NYSE:TRGP traded down $0.27 during midday trading on Friday, reaching $178.33. The company had a trading volume of 4,275,677 shares, compared to its average volume of 1,501,900. The stock has a market cap of $38.28 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.03 and a beta of 0.89. The company’s 50 day moving average price is $167.15 and its 200 day moving average price is $166.96. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 5.91. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $218.51.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.02). Targa Resources had a return on equity of 51.87% and a net margin of 9.35%.The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.70 billion. As a group, sell-side analysts anticipate that Targa Resources, Inc. will post 8.15 EPS for the current fiscal year.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, October 31st. Targa Resources’s payout ratio is presently 53.19%.

Wall Street Analysts Forecast Growth

TRGP has been the topic of several research analyst reports. Stifel Nicolaus set a $213.00 price objective on Targa Resources in a research note on Thursday, November 6th. Scotiabank increased their price target on Targa Resources from $198.00 to $199.00 and gave the stock an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group lowered their price objective on Targa Resources from $189.00 to $188.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Wells Fargo & Company upped their price objective on shares of Targa Resources from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Royal Bank Of Canada lifted their target price on shares of Targa Resources from $213.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.79.

Institutional Investors Weigh In On Targa Resources

Institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of Targa Resources by 260.2% during the 2nd quarter. Nordea Investment Management AB now owns 128,911 shares of the pipeline company’s stock valued at $22,526,000 after purchasing an additional 93,119 shares during the last quarter. Aberdeen Group plc boosted its position in Targa Resources by 17.6% during the second quarter. Aberdeen Group plc now owns 175,571 shares of the pipeline company’s stock valued at $30,563,000 after buying an additional 26,318 shares during the period. OFI Invest Asset Management boosted its position in Targa Resources by 6.5% during the second quarter. OFI Invest Asset Management now owns 243,628 shares of the pipeline company’s stock valued at $42,411,000 after buying an additional 14,883 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Targa Resources by 34.2% in the second quarter. Allianz Asset Management GmbH now owns 1,270,128 shares of the pipeline company’s stock worth $221,104,000 after buying an additional 323,398 shares during the period. Finally, Freemont Management S.A. increased its holdings in shares of Targa Resources by 30.7% in the second quarter. Freemont Management S.A. now owns 26,400 shares of the pipeline company’s stock worth $4,596,000 after buying an additional 6,200 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Targa Resources

In other Targa Resources news, insider Gerald R. Shrader sold 2,750 shares of Targa Resources stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.21, for a total value of $498,327.50. Following the transaction, the insider directly owned 29,561 shares of the company’s stock, valued at $5,356,748.81. The trade was a 8.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider D. Scott Pryor sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $172.21, for a total value of $3,444,200.00. Following the completion of the sale, the insider owned 22,139 shares of the company’s stock, valued at $3,812,557.19. The trade was a 47.46% decrease in their position. The SEC filing for this sale provides additional information. 1.34% of the stock is owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Targa Resources

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.