Vise Technologies Inc. Makes New $3.15 Million Investment in Targa Resources, Inc. $TRGP

Vise Technologies Inc. purchased a new stake in shares of Targa Resources, Inc. (NYSE:TRGP) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,732 shares of the pipeline company’s stock, valued at approximately $3,146,000.

A number of other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Targa Resources in the fourth quarter worth $27,000. Miller Capital Partners Inc. acquired a new position in Targa Resources in the 4th quarter valued at $30,000. Leonteq Securities AG acquired a new position in Targa Resources in the 4th quarter valued at $31,000. CoreCap Advisors LLC raised its holdings in Targa Resources by 245.9% in the 2nd quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 91 shares during the period. Finally, Godfrey Financial Associates Inc. bought a new position in Targa Resources in the 4th quarter worth $37,000. Institutional investors own 92.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TRGP. Scotiabank upped their price target on shares of Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Mizuho lifted their price objective on Targa Resources from $260.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. US Capital Advisors cut Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, May 29th. Stifel Nicolaus set a $268.00 target price on Targa Resources in a research note on Friday, May 8th. Finally, Erste Group Bank initiated coverage on Targa Resources in a research note on Thursday, June 25th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $297.18.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Long-term ExxonMobil contracts strengthen growth visibility. Targa secured 20-year, fee-based agreements with ExxonMobil covering the Permian Delaware and Midland basins. The arrangements support new processing and takeaway infrastructure through 2046, potentially improving cash-flow visibility and extending Targa’s Permian growth runway. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: Jefferies initiated or reiterated a Buy rating. The endorsement provides additional analyst support for TRGP’s long-term growth and infrastructure outlook. Targa Resources Gets a Buy from Jefferies
• Neutral Sentiment: Higher capital spending raises execution risk. The ExxonMobil-related infrastructure buildout could create meaningful future growth, but increased 2026 spending may pressure near-term free cash flow and heighten construction and execution demands. How Targa’s ExxonMobil Deal Could Extend Its Permian Growth Runway
• Negative Sentiment: US Capital Advisors reduced multiple EPS forecasts. The firm cut estimates for late 2026, all quarters of 2027, FY2027 EPS from $11.75 to $11.05, and FY2028 EPS from $13.42 to $12.73. Although it maintained a “Moderate Buy” rating, the revisions suggest expectations for slower earnings growth.
• Negative Sentiment: Premium valuation may limit upside. TRGP is trading close to its 52-week high following an approximately 85% rally, while heavy spending and potentially moderating marketing gains have raised questions about whether the current valuation fully reflects future growth. Targa Resources’ Stock Near 52-Week High

Targa Resources Trading Down 0.7%

Shares of TRGP stock opened at $300.01 on Friday. The firm has a market capitalization of $64.33 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $307.94. The firm’s fifty day simple moving average is $271.98 and its 200 day simple moving average is $254.10. 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 issued its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.71. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. As a group, sell-side analysts predict that Targa Resources, Inc. will post 11.05 EPS for the current year.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio is currently 47.80%.

Targa Resources 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.