4,222 Shares of Targa Resources, Inc. $TRGP Bought by Sigma Planning Corp

Sigma Planning Corp purchased a new stake in Targa Resources, Inc. (NYSE:TRGP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,222 shares of the pipeline company’s stock, valued at approximately $1,141,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC grew its position in Targa Resources by 381.0% in the second quarter. First Eagle Investment Management LLC now owns 101 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 80 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Targa Resources during the 2nd quarter worth about $32,000. Compass Financial Management LLC purchased a new stake in Targa Resources in the 2nd quarter valued at about $33,000. CoreCap Advisors LLC lifted its position in Targa Resources by 245.9% in the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Targa Resources in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

Insider Activity

In related news, Director Charles R. Crisp sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total value of $870,690.00. Following the completion of the sale, the director directly owned 62,292 shares of the company’s stock, valued at $18,079,007.16. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul W. Chung sold 1,816 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total value of $537,735.76. Following the transaction, the director directly owned 44,000 shares in the company, valued at approximately $13,028,840. The trade was a 3.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 7,216 shares of company stock worth $2,127,634. Corporate insiders own 1.37% of the company’s stock.

Targa Resources Trading Up 2.1%

NYSE TRGP opened at $312.18 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01. Targa Resources, Inc. has a 52 week low of $150.00 and a 52 week high of $313.42. The stock has a market capitalization of $66.94 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. The firm has a 50 day moving average of $290.08 and a two-hundred day moving average of $258.16.

Targa Resources (NYSE:TRGP) last released its quarterly earnings data on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.71. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. As a group, research analysts expect that Targa Resources, Inc. will post 11.42 EPS for the current fiscal year.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Targa Resources’s dividend payout ratio (DPR) is presently 47.80%.

Wall Street Analyst Weigh In

TRGP has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $326.00 price objective on shares of Targa Resources in a research report on Thursday, October 15th. Morgan Stanley boosted their price objective on Targa Resources from $343.00 to $359.00 and gave the company an “overweight” rating in a report on Wednesday, September 16th. Mizuho lifted their target price on Targa Resources from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, September 11th. Wells Fargo & Company increased their price target on shares of Targa Resources from $282.00 to $324.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Finally, Wolfe Research set a $335.00 target price on shares of Targa Resources in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Targa Resources has an average rating of “Buy” and a consensus price target of $325.47.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Analysts raised forward earnings estimates. US Capital Advisors increased its estimates for Targa’s third-quarter 2026 EPS to $2.53, FY2027 EPS to $11.65 from $11.05, and FY2028 EPS to $12.87 from $12.73. Estimates for each quarter of 2027 were also raised, suggesting expectations for continued earnings growth. MarketBeat analyst estimates
• Positive Sentiment: Investors are positioned for a potential earnings beat. Zacks said Targa has favorable earnings-estimate revisions and other indicators that could support results exceeding expectations in the upcoming report. The company previously delivered quarterly EPS of $3.54, well above the consensus estimate of $2.83, although revenue was below analysts’ forecast. Zacks earnings expectations article
• Positive Sentiment: Momentum remains a supporting factor. Zacks identified TRGP as a potential momentum pick, while the stock is trading well above its 50-day and 200-day moving averages and close to its one-year high. These technical signals can attract momentum-oriented investors. Zacks momentum article
• Neutral Sentiment: Quarterly results are imminent. Targa is scheduled to announce quarterly earnings Thursday, making the upcoming report and management’s outlook the next major catalysts for the stock. American Banking News earnings announcement article
• Negative Sentiment: Balance-sheet concerns remain a risk. A Seeking Alpha analysis argued that Targa should prioritize repairing its balance sheet, highlighting investor concerns about leverage. The company’s reported debt-to-equity ratio of 5.01 and below-1.0 current and quick ratios reinforce the financial-risk argument, particularly after the stock’s substantial rally. Seeking Alpha balance sheet analysis

Targa Resources Profile

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.