Targa Resources (NYSE:TRGP) Stock Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Targa Resources, Inc. (NYSE:TRGP). In a filing disclosed on March 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Targa Resources stock on February 10th. 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 Thermon Group (NYSE:THR) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.

Targa Resources Stock Performance

NYSE TRGP opened at $236.49 on Thursday. The firm has a 50-day moving average price of $208.44 and a two-hundred day moving average price of $182.10. Targa Resources, Inc. has a 12-month low of $144.14 and a 12-month high of $250.00. The company has a market capitalization of $50.83 billion, a P/E ratio of 27.53, a P/E/G ratio of 0.99 and a beta of 0.84. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 5.21.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, February 19th. The pipeline company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Analysts anticipate that Targa Resources, Inc. will post 8.15 earnings per share for the current year.

Targa Resources Dividend Announcement

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

Analysts Set New Price Targets

TRGP has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Targa Resources from $218.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Wells Fargo & Company lifted their price objective on Targa Resources from $207.00 to $248.00 and gave the company an “overweight” rating in a report on Friday, February 20th. TD Cowen upped their target price on Targa Resources from $192.00 to $220.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings raised Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Finally, Citigroup raised their price target on Targa Resources from $200.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Targa Resources currently has an average rating of “Moderate Buy” and an average price target of $240.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TRGP. Olistico Wealth LLC acquired a new stake in shares of Targa Resources in the 4th quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Targa Resources during the 4th quarter worth $27,000. Miller Capital Partners Inc. acquired a new position in shares of Targa Resources during the 4th quarter worth $30,000. Leonteq Securities AG bought a new stake in shares of Targa Resources during the 4th quarter worth $31,000. Finally, Peoples Financial Services CORP. bought a new stake in shares of Targa Resources during the 3rd quarter worth $34,000. 92.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Targa Resources news, Director Lindsey Cooksen sold 435 shares of Targa Resources stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $231.72, for a total value of $100,798.20. Following the transaction, the director owned 11,670 shares in the company, valued at $2,704,172.40. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 1,359 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total value of $311,618.70. Following the transaction, the director directly owned 77,094 shares of the company’s stock, valued at approximately $17,677,654.20. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 104,929 shares of company stock valued at $24,692,134 over the last ninety days. 1.34% of the stock is owned by 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.