Targa Resources (TRGP) – Investment Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Targa Resources (NYSE: TRGP):

• 5/14/2026 – Targa Resources had its price target raised by Barclays PLC from $255.00 to $262.00. They now have an “overweight” rating on the stock.
• 5/12/2026 – Targa Resources had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $281.00 price target on the stock.
• 5/12/2026 – Targa Resources had its price target raised by Morgan Stanley from $327.00 to $331.00. They now have an “overweight” rating on the stock.
• 5/12/2026 – Targa Resources had its price target raised by Scotiabank from $249.00 to $257.00. They now have an “outperform” rating on the stock.
• 5/12/2026 – Targa Resources had its price target raised by Truist Financial Corporation from $285.00 to $289.00. They now have a “buy” rating on the stock.
• 5/11/2026 – Targa Resources had its price target raised by TD Cowen from $236.00 to $245.00. They now have a “hold” rating on the stock.
• 5/8/2026 – Targa Resources was given a new $268.00 price target by Stifel Nicolaus.
• 5/8/2026 – Targa Resources had its price target raised by Wells Fargo & Company from $264.00 to $270.00. They now have an “overweight” rating on the stock.
• 5/4/2026 – Targa Resources had its “neutral” rating reaffirmed by Seaport Research Partners.
• 4/20/2026 – Targa Resources had its price target raised by The Goldman Sachs Group, Inc. from $242.00 to $268.00. They now have a “buy” rating on the stock.
• 4/13/2026 – Targa Resources had its price target raised by Scotiabank from $246.00 to $249.00. They now have an “outperform” rating on the stock.
• 4/13/2026 – Targa Resources had its price target raised by Scotiabank from $246.00 to $249.00. They now have a “sector outperform” rating on the stock.
• 4/13/2026 – Targa Resources had its price target raised by Royal Bank Of Canada from $260.00 to $270.00. They now have an “outperform” rating on the stock.
• 4/13/2026 – Targa Resources had its price target raised by Truist Financial Corporation from $279.00 to $285.00. They now have a “buy” rating on the stock.
• 4/7/2026 – Targa Resources had its price target raised by Barclays PLC from $226.00 to $255.00. They now have an “overweight” rating on the stock.
• 4/7/2026 – Targa Resources had its price target raised by Morgan Stanley from $298.00 to $327.00. They now have an “overweight” rating on the stock.

Targa Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $1.25 dividend. This is an increase from Targa Resources’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, April 30th. Targa Resources’s dividend payout ratio (DPR) is 50.56%.

Insiders Place Their Bets

In related news, insider D. Scott Pryor sold 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $228.92, for a total value of $4,006,100.00. Following the completion of the sale, the insider owned 31,938 shares of the company’s stock, valued at $7,311,246.96. This trade represents a 35.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Muraro sold 24,589 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $241.34, for a total transaction of $5,934,309.26. Following the completion of the sale, the insider directly owned 197,401 shares of the company’s stock, valued at approximately $47,640,757.34. This represents a 11.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 84,663 shares of company stock valued at $20,303,592 over the last quarter. Company insiders own 1.37% of the company’s stock.

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.