Charles Crisp Sells 1,359 Shares of Targa Resources (NYSE:TRGP) Stock

Targa Resources, Inc. (NYSE:TRGP) Director Charles Crisp sold 1,359 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total transaction of $311,618.70. Following the sale, the director owned 77,094 shares in the company, valued at $17,677,654.20. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Targa Resources Stock Up 0.5%

TRGP opened at $231.20 on Friday. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $234.41. The company has a market cap of $49.70 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.88. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21. The company has a 50 day moving average of $198.60 and a 200 day moving average of $177.35.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.12 billion. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%. On average, sell-side analysts expect that Targa Resources, Inc. will post 8.15 EPS for the current year.

Targa Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $1.00 per share. The ex-dividend date was Friday, January 30th. This represents a $4.00 annualized dividend and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio is currently 46.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in shares of Targa Resources in the 4th quarter worth about $27,000. Atlantic Union Bankshares Corp bought a new position in Targa Resources during the fourth quarter valued at approximately $27,000. Miller Capital Partners Inc. purchased a new position in shares of Targa Resources during the fourth quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in shares of Targa Resources in the 4th quarter worth approximately $31,000. Finally, Peoples Financial Services CORP. purchased a new stake in shares of Targa Resources in the 3rd quarter valued at $34,000. Institutional investors own 92.13% of the company’s stock.

Trending Headlines about Targa Resources

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

• Positive Sentiment: Multiple analyst upgrades and a higher price target (Citi raised its target to $262 from $200) — these upgrades lift investor expectations and help push the stock higher. Citi raises TRGP price target
• Positive Sentiment: Targa announced a 25% dividend hike and is advancing Permian buildout plans — the larger payout and growth investment reframe the company toward income + growth, attracting yield‑oriented and growth investors. Dividend hike and Permian buildout
• Positive Sentiment: Q4 results showed an EPS beat ($2.51 vs. $2.35 consensus) despite a slight revenue miss — earnings upside supports valuation and analyst optimism. Quarterly results summary
• Neutral Sentiment: Targa priced a $1.5 billion senior notes offering: $750M 4.350% due 2031 and $750M 6.050% due 2056 (expected close March 2). This secures long‑dated financing and liquidity for growth/refinancing but increases gross debt on a company that already runs high leverage, making the net impact mixed. Senior notes offering details
• Negative Sentiment: Insider selling by senior managers: President Jennifer Kneale sold ~29,509 shares (~11.15% reduction) and Director Charles Crisp sold 1,359 shares — material insider sales can signal near‑term liquidity/tax actions but are often interpreted negatively by the market. Insider selling details

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $266.00 price objective on shares of Targa Resources in a research note on Wednesday, January 28th. Royal Bank Of Canada boosted their price target on shares of Targa Resources from $213.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Scotiabank reiterated an “outperform” rating on shares of Targa Resources in a research report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $242.00 price objective on shares of Targa Resources in a research note on Friday, February 20th. Finally, Stifel Nicolaus boosted their target price on Targa Resources from $213.00 to $243.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.50.

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.