Viking Fund Management LLC Acquires 6,000 Shares of Targa Resources, Inc. $TRGP

Viking Fund Management LLC grew its stake in Targa Resources, Inc. (NYSE:TRGP) by 24.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,000 shares of the pipeline company’s stock after purchasing an additional 6,000 shares during the quarter. Viking Fund Management LLC’s holdings in Targa Resources were worth $5,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Financial Services CORP. bought a new position in Targa Resources in the third quarter valued at approximately $34,000. Root Financial Partners LLC bought a new stake in shares of Targa Resources during the 3rd quarter worth approximately $39,000. Avion Wealth raised its stake in shares of Targa Resources by 475.0% during the 3rd quarter. Avion Wealth now owns 276 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 228 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Targa Resources in the 3rd quarter valued at approximately $47,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Targa Resources in the second quarter valued at $53,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Targa Resources from $213.00 to $243.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Royal Bank Of Canada boosted their price objective on shares of Targa Resources from $218.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Morgan Stanley upped their target price on shares of Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. TD Cowen raised their target price on shares of Targa Resources from $192.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Finally, Mizuho boosted their price target on Targa Resources from $207.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.57.

Targa Resources Stock Performance

Shares of TRGP stock opened at $246.39 on Wednesday. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $250.00. The company has a market capitalization of $52.96 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.57 and a beta of 0.84. The company has a 50-day simple moving average of $219.25 and a 200 day simple moving average of $186.95. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.12 billion. On average, sell-side analysts predict that Targa Resources, Inc. will post 8.15 earnings per share for the current year.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, January 30th. Targa Resources’s dividend payout ratio (DPR) is presently 46.57%.

Key Targa Resources News

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

• Positive Sentiment: Truist initiated/upped coverage on TRGP with a buy/strong‑buy stance and a ~$279 price target, giving the stock fresh institutional endorsement that supports buying interest. Truist initiation
• Positive Sentiment: UBS raised its price target from $228 to $280 and kept a Buy rating — a sizeable PT raise that implies meaningful upside and likely supported upward momentum. UBS raises PT to $280
• Positive Sentiment: US Capital Advisors boosted several near‑term and long‑range EPS forecasts (including Q2 2026 and FY2026 / FY2028 increases), which points to improving analyst expectations for earnings growth. US Capital Advisors estimate increases
• Neutral Sentiment: Coverage expansion and target/estimate revisions are the primary catalysts today — they improve visibility but do not change company fundamentals. Investors should treat these as sentiment/expectations changes rather than operational news. Analyst coverage overview
• Negative Sentiment: US Capital Advisors also trimmed several quarterly and FY2027 estimates (small cuts to Q3/Q4 2026 and a lower FY2027 forecast vs prior), introducing some mixed signals about intermediate‑term cadence that could cap upside if realized. Mixed estimate revisions

Insiders Place Their Bets

In other news, insider Robert Muraro sold 24,589 shares of Targa Resources stock in a transaction on Thursday, March 5th. The stock was 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 owned 197,401 shares of the company’s stock, valued at approximately $47,640,757.34. This trade represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lindsey Cooksen sold 435 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $231.72, for a total transaction of $100,798.20. Following the transaction, the director directly owned 11,670 shares in the company, valued at $2,704,172.40. This represents a 3.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 104,929 shares of company stock worth $24,692,134 over the last three months. 1.34% of the stock is currently owned by corporate insiders.

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.