Research Analysts’ Recent Ratings Updates for Targa Resources (TRGP)

Targa Resources (NYSE: TRGP) recently received a number of ratings updates from brokerages and research firms:

• 8/27/2026 – Targa Resources had its price target raised by Royal Bank Of Canada from $312.00 to $338.00. They now have an “outperform” rating on the stock.
• 8/18/2026 – Targa Resources had its price target raised by Morgan Stanley from $333.00 to $343.00. They now have an “overweight” rating on the stock.
• 8/18/2026 – Targa Resources had its price target raised by Jefferies Financial Group Inc. from $324.00 to $345.00. They now have a “buy” rating on the stock.
• 8/11/2026 – Targa Resources had its price target raised by Royal Bank Of Canada from $310.00 to $312.00. They now have an “outperform” rating on the stock.
• 8/7/2026 – Targa Resources was given a new $335.00 price target by Raymond James Financial, Inc..
• 8/7/2026 – Targa Resources had its price target raised by Barclays PLC from $282.00 to $284.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Targa Resources was given a new $324.00 price target by Jefferies Financial Group Inc..
• 8/7/2026 – Targa Resources was given a new $335.00 price target by Wolfe Research.
• 8/7/2026 – Targa Resources had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc..
• 8/7/2026 – Targa Resources had its price target raised by Wells Fargo & Company from $270.00 to $282.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Targa Resources had its price target raised by TD Cowen from $270.00 to $275.00. They now have a “hold” rating on the stock.
• 7/21/2026 – Targa Resources had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $333.00 price target on the stock.
• 7/21/2026 – Targa Resources had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $310.00 price target on the stock.
• 7/16/2026 – Targa Resources had its price target raised by TD Cowen from $245.00 to $270.00. They now have a “hold” rating on the stock.
• 7/15/2026 – Targa Resources had its price target raised by Truist Financial Corporation from $289.00 to $312.00. They now have a “buy” rating on the stock.
• 7/13/2026 – Targa Resources had its price target raised by Barclays PLC from $270.00 to $282.00. They now have an “overweight” rating on the stock.
• 7/9/2026 – Targa Resources had its “buy” rating reaffirmed by UBS Group AG. They now have a $318.00 price target on the stock.
• 7/9/2026 – Targa Resources had its price target raised by JPMorgan Chase & Co. from $291.00 to $315.00. They now have an “overweight” rating on the stock.

Targa Resources Dividend Announcement

The firm also recently announced 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. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, July 31st. Targa Resources’s dividend payout ratio (DPR) is 47.80%.

Insider Activity at Targa Resources

In related news, Director Waters S. Iv Davis sold 2,400 shares of Targa Resources stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $299.67, for a total value of $719,208.00. Following the completion of the sale, the director directly owned 1,529 shares in the company, valued at $458,195.43. The trade was a 61.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles R. Crisp sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. 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.