Targa Resources (TRGP) – Research Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Targa Resources (NYSE: TRGP) in the last few weeks:

• 9/16/2026 – Targa Resources had its price target raised by Morgan Stanley from $343.00 to $359.00. They now have an “overweight” rating on the stock.
• 9/11/2026 – Targa Resources had its price target raised by Mizuho from $300.00 to $320.00. They now have an “outperform” rating on the stock.
• 9/10/2026 – Targa Resources had its price target raised by Scotiabank from $257.00 to $314.00. They now have an “outperform” rating on the stock.
• 9/10/2026 – Targa Resources is now covered by Stifel Nicolaus. They set a “buy” rating and a $340.00 price target on the stock.
• 9/2/2026 – Targa Resources had its price target raised by Wells Fargo & Company from $282.00 to $324.00. They now have an “overweight” rating on the stock.
• 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.

Targa Resources Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. Targa Resources’s payout ratio is currently 47.80%.

Insider Buying and Selling

In related news, Director S Davis sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total value of $719,208.00. Following the sale, the director owned 1,529 shares of the company’s stock, valued at $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Crisp sold 3,000 shares of Targa Resources 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 transaction, the director owned 62,292 shares of the company’s stock, valued at $18,079,007.16. This represents a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 7,216 shares of company stock worth $2,127,634. Company insiders own 1.37% of the company’s stock.

Targa Resources Corp. (NYSE: TRGP) is a midstream energy infrastructure company that gathers, processes, transports and fractionates natural gas and natural gas liquids (NGLs). Its operations connect producers with downstream markets and include natural gas gathering and processing, NGL fractionation, storage, transportation and marketing, as well as crude oil gathering and logistics.

The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and export infrastructure across the United States.