SG Americas Securities LLC Raises Position in Targa Resources, Inc. $TRGP

SG Americas Securities LLC raised its position in Targa Resources, Inc. (NYSE:TRGP) by 1,989.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 134,278 shares of the pipeline company’s stock after acquiring an additional 127,850 shares during the quarter. SG Americas Securities LLC’s holdings in Targa Resources were worth $24,774,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Targa Resources by 1.5% in the third quarter. Vanguard Group Inc. now owns 28,382,289 shares of the pipeline company’s stock valued at $4,755,169,000 after acquiring an additional 422,075 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Targa Resources by 9.0% in the third quarter. Wellington Management Group LLP now owns 19,643,139 shares of the pipeline company’s stock worth $3,291,012,000 after acquiring an additional 1,620,253 shares during the last quarter. Norges Bank purchased a new stake in shares of Targa Resources during the second quarter worth approximately $708,366,000. UBS Group AG increased its position in shares of Targa Resources by 9.9% during the third quarter. UBS Group AG now owns 2,360,311 shares of the pipeline company’s stock worth $395,447,000 after purchasing an additional 212,887 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Targa Resources by 4.1% in the 3rd quarter. Northern Trust Corp now owns 2,175,544 shares of the pipeline company’s stock valued at $364,491,000 after purchasing an additional 84,757 shares during the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on TRGP shares. UBS Group raised their price objective on Targa Resources from $228.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $242.00 target price on shares of Targa Resources in a research report on Friday, February 20th. Citigroup raised their price target on shares of Targa Resources from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Barclays restated an “overweight” rating and set a $226.00 price target on shares of Targa Resources in a research report on Friday, February 20th. Finally, Royal Bank Of Canada upped their price objective on shares of Targa Resources from $218.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Two research 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.com, Targa Resources currently has an average rating of “Moderate Buy” and an average price target of $252.57.

Insider Activity

In other Targa Resources news, insider Robert Muraro sold 24,589 shares of Targa Resources stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $241.34, for a total transaction of $5,934,309.26. Following the transaction, the insider directly owned 197,401 shares of the company’s stock, valued at $47,640,757.34. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lindsey Cooksen sold 435 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $231.72, for a total transaction of $100,798.20. Following the completion of the transaction, the director owned 11,670 shares in the company, valued at $2,704,172.40. The trade was a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,929 shares of company stock valued at $24,692,134 in the last quarter. Insiders own 1.34% of the company’s stock.

Targa Resources Stock Performance

NYSE TRGP opened at $250.17 on Friday. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67. The stock’s fifty day moving average is $221.86 and its two-hundred day moving average is $187.79. The firm has a market capitalization of $53.77 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. Targa Resources, Inc. has a fifty-two week low of $144.14 and a fifty-two week high of $252.45.

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

Targa Resources Dividend Announcement

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

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance, signaling institutional confidence that can drive demand for the shares. Truist coverage
• Positive Sentiment: UBS published a note forecasting strong price appreciation for TRGP, a high‑profile endorsement that can prompt fresh inflows from institutional investors. UBS forecast
• Positive Sentiment: US Capital Advisors raised EPS forecasts for multiple periods (Q2 2026, FY2026, Q4 2027, FY2028), indicating analysts expect stronger future earnings growth — a direct positive for valuation and investor sentiment. US Capital Advisors estimates
• Neutral Sentiment: Industry brokers published Q1 earnings expectations for Targa; these set the near‑term bar management must clear and increase focus on the upcoming quarterly release (outcome will affect price momentum). Brokers’ Q1 expectations
• Negative Sentiment: Balance‑sheet and valuation risks remain: TRGP carries high leverage (debt/equity ~5.2) and modest liquidity ratios, meaning the stock could be more sensitive to commodity or rate shocks despite bullish analyst views.

About Targa Resources

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.