Targa Resources, Inc. $TRGP Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its stake in Targa Resources, Inc. (NYSE:TRGP) by 48.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 342,964 shares of the pipeline company’s stock after selling 317,056 shares during the period. TD Asset Management Inc owned about 0.16% of Targa Resources worth $57,460,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in TRGP. Norges Bank purchased a new stake in Targa Resources in the second quarter valued at approximately $708,366,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Targa Resources by 441.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 675,352 shares of the pipeline company’s stock valued at $117,565,000 after buying an additional 550,591 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Targa Resources by 306.6% in the 2nd quarter. Franklin Resources Inc. now owns 601,370 shares of the pipeline company’s stock valued at $104,686,000 after buying an additional 453,460 shares during the period. Vanguard Group Inc. lifted its stake in Targa Resources by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 28,382,289 shares of the pipeline company’s stock worth $4,755,169,000 after acquiring an additional 422,075 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its stake in Targa Resources by 290.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 503,770 shares of the pipeline company’s stock worth $87,696,000 after acquiring an additional 374,768 shares in the last quarter. Hedge funds and other 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: 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

Insider Transactions at Targa Resources

In related news, President Jennifer R. Kneale sold 29,509 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $230.12, for a total transaction of $6,790,611.08. Following the completion of the sale, the president owned 235,260 shares in the company, valued at $54,138,031.20. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. 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 value of $311,618.70. Following the completion of the transaction, the director directly owned 77,094 shares of the company’s stock, valued at $17,677,654.20. This trade represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,618 shares of company stock valued at $7,600,557. 1.34% of the stock is currently owned by corporate insiders.

Targa Resources Trading Up 0.5%

NYSE TRGP opened at $231.20 on Friday. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $234.41. The firm has a 50 day moving average of $198.60 and a two-hundred day moving average of $177.35. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 5.21. The stock has a market capitalization 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.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.12 billion. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. As a group, research analysts expect that Targa Resources, Inc. will post 8.15 EPS for the current fiscal year.

Targa Resources Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on TRGP. Morgan Stanley reaffirmed an “overweight” rating and issued a $266.00 target price on shares of Targa Resources in a research report on Wednesday, January 28th. Stifel Nicolaus lifted their price objective on shares of Targa Resources from $213.00 to $243.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wall Street Zen lowered shares of Targa Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Wells Fargo & Company raised their price target on shares of Targa Resources from $207.00 to $248.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, TD Cowen upped their price objective on Targa Resources from $192.00 to $220.00 and gave the stock a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Targa Resources presently has an average 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.