7,388 Shares in Targa Resources, Inc. $TRGP Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in Targa Resources, Inc. (NYSE:TRGP) during the third quarter, HoldingsChannel reports. The institutional investor bought 7,388 shares of the pipeline company’s stock, valued at approximately $1,238,000.

A number of other large investors also recently added to or reduced their stakes in TRGP. Stratos Wealth Partners LTD. grew its stake in shares of Targa Resources by 1.3% in the third quarter. Stratos Wealth Partners LTD. now owns 5,046 shares of the pipeline company’s stock valued at $845,000 after buying an additional 64 shares in the last quarter. State of Wyoming lifted its stake in Targa Resources by 3.2% during the 2nd quarter. State of Wyoming now owns 2,076 shares of the pipeline company’s stock worth $361,000 after acquiring an additional 64 shares in the last quarter. Savant Capital LLC boosted its holdings in Targa Resources by 2.6% during the 3rd quarter. Savant Capital LLC now owns 2,849 shares of the pipeline company’s stock valued at $477,000 after acquiring an additional 73 shares during the period. ICONIQ Capital LLC boosted its holdings in Targa Resources by 5.7% during the 2nd quarter. ICONIQ Capital LLC now owns 1,437 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 78 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Targa Resources by 10.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 805 shares of the pipeline company’s stock valued at $140,000 after acquiring an additional 79 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays reissued an “overweight” rating and set a $226.00 price target on shares of Targa Resources in a research report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $242.00 target price on shares of Targa Resources in a research note on Friday. Weiss Ratings raised shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 29th. Royal Bank Of Canada boosted their price target on shares of Targa Resources from $213.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $241.00 price objective on shares of Targa Resources in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.29.

Targa Resources Trading Up 3.0%

Shares of Targa Resources stock opened at $230.96 on Friday. The company has a fifty day simple moving average of $194.48 and a 200-day simple moving average of $175.50. Targa Resources, Inc. has a 12-month low of $144.14 and a 12-month high of $232.86. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 5.91. The stock has a market cap of $49.58 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.95 and a beta of 0.88.

Targa Resources (NYSE:TRGP) last released its quarterly 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 return on equity of 68.46% and a net margin of 10.88%.The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.12 billion. On average, equities analysts forecast that Targa Resources, Inc. will post 8.15 EPS for the current fiscal year.

Targa Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, January 30th. Targa Resources’s payout ratio is presently 46.57%.

Insiders Place Their Bets

In related news, insider Gerald R. Shrader sold 2,750 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.21, for a total value of $498,327.50. Following the sale, the insider owned 29,561 shares in the company, valued at $5,356,748.81. This represents a 8.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.34% of the company’s stock.

Key Stories Impacting Targa Resources

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: Q4 EPS beat expectations — TRGP reported $2.51 EPS vs. consensus $2.35, and management highlighted record fourth-quarter and full‑year 2025 results; positive earnings surprise and record results support the rally. MarketBeat Earnings
• Positive Sentiment: Broker upgrade and big price-target lift — Wells Fargo moved TRGP to “Overweight” and raised its target from $207 to $248 (now implying additional upside), which likely boosted buying interest. Benzinga
• Positive Sentiment: Operational strength — Reuters and company releases cited higher gas and NGL transport volumes and beat on adjusted core profit, supporting forward growth expectations. Reuters
• Positive Sentiment: Record results and dividend increase — Company press release and coverage note record 2025 results and a dividend hike, which can attract income and quality-oriented investors. GlobeNewswire Results
• Neutral Sentiment: SEC filing available — TRGP filed its Form 10‑K for 2025; important for due diligence but not a near‑term catalyst by itself. Form 10-K
• Neutral Sentiment: Earnings materials and call transcripts published — Slide deck, press release and call transcript are available for investors to review guidance and management commentary (useful for due diligence). Press Release / Slides Earnings Transcript
• Neutral Sentiment: Analyst writeups and metrics reviews — Coverage from Zacks and others digs into key metrics versus estimates; useful context but typically less immediate market-moving power than the above items. Zacks Analysis
• Negative Sentiment: Revenue slightly missed estimates — Q4 revenue came in a bit below consensus ($4.06B vs. ~$4.12B), which tempers the beat and is the main negative data point investors should monitor. Investing.com

Targa Resources Company Profile

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.