Investment Analysts’ Weekly Ratings Changes for Targa Resources (TRGP)

A number of firms have modified their ratings and price targets on shares of Targa Resources (NYSE: TRGP) recently:

• 6/25/2026 – Targa Resources is now covered by Erste Group Bank AG. They set a “buy” rating on the stock.
• 6/23/2026 – Targa Resources had its price target raised by Barclays PLC from $262.00 to $270.00. They now have an “overweight” rating on the stock.
• 6/18/2026 – Targa Resources is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $314.00 price target on the stock.
• 6/18/2026 – Targa Resources is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $314.00 price target on the stock.
• 5/29/2026 – Targa Resources was downgraded by US Capital Advisors from “strong-buy” to “moderate buy”.
• 5/27/2026 – Targa Resources had its “buy” rating reaffirmed by Citigroup Inc..
• 5/27/2026 – Targa Resources had its price target raised by Mizuho from $260.00 to $300.00. They now have an “outperform” rating on the stock.
• 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.

Targa Resources Increases Dividend

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

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 10,602 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the completion of the sale, the director owned 66,492 shares of the company’s stock, valued at approximately $17,019,292.32. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.