Mitsubishi UFJ Asset Management Co. Ltd. Buys 24,019 Shares of Targa Resources, Inc. $TRGP

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Targa Resources, Inc. (NYSE:TRGP) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 452,814 shares of the pipeline company’s stock after acquiring an additional 24,019 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Targa Resources were worth $84,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. First Horizon Corp raised its holdings in Targa Resources by 20.1% in the 4th quarter. First Horizon Corp now owns 340 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 57 shares during the period. Larson Financial Group LLC increased its holdings in shares of Targa Resources by 4.1% during the third quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock worth $253,000 after purchasing an additional 60 shares during the period. Equitable Holdings Inc. increased its holdings in shares of Targa Resources by 3.6% during the third quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock worth $287,000 after purchasing an additional 60 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Targa Resources by 1.3% during the third quarter. Stratos Wealth Partners LTD. now owns 5,046 shares of the pipeline company’s stock worth $845,000 after purchasing an additional 64 shares during the period. Finally, State of Wyoming increased its holdings in shares of Targa Resources by 3.2% during the second quarter. State of Wyoming now owns 2,076 shares of the pipeline company’s stock worth $361,000 after purchasing an additional 64 shares during the period. 92.13% of the stock is owned by institutional investors.

Targa Resources News Summary

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

• Positive Sentiment: Company reported record Q1 results: net income attributable to Targa rose to $480M vs $271M a year earlier, and management raised the company’s 2026 financial outlook — a headline that supports investor confidence. Read More.
• Positive Sentiment: Management forecasts adjusted core profit (core EBITDA/adjusted metrics) above analysts’ expectations, citing higher natural gas liquids transport and increased gas volumes — volume-driven guidance is a positive fundamental driver. Read More.
• Positive Sentiment: Management struck an upbeat tone on the earnings call and reiterated the stronger 2026 outlook, which helped offset headline misses and supports near-term sentiment. Read More.
• Neutral Sentiment: Zacks highlights TRGP as an attractive dividend stock for income investors — this can support the share price over time but is not an immediate price catalyst. Read More.
• Neutral Sentiment: The full Q1 earnings call transcript is available for investors who want management detail on volumes, capital allocation and outlook assumptions. Read More.
• Negative Sentiment: Reported Q1 EPS and revenue missed consensus — EPS came in around $2.21–$2.23 vs. ~ $2.55 expected and revenue was below estimates (~$4.09B reported vs higher forecasts). Those misses are a near-term negative that can weigh on traders focused on quarter-over-quarter beats. Read More.

Analyst Ratings Changes

TRGP has been the topic of several recent research reports. Weiss Ratings raised shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. The Goldman Sachs Group raised their target price on shares of Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Morgan Stanley raised their target price on shares of Targa Resources from $298.00 to $327.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Wells Fargo & Company raised their target price on shares of Targa Resources from $248.00 to $264.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Finally, TD Cowen raised their target price on shares of Targa Resources from $192.00 to $220.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.93.

Insider Activity

In other Targa Resources news, Director Lindsey Cooksen sold 435 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $231.72, for a total transaction of $100,798.20. Following the sale, the director owned 11,670 shares of the company’s stock, valued at approximately $2,704,172.40. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 1,359 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total transaction of $311,618.70. Following the sale, the director directly owned 77,094 shares in the company, valued at approximately $17,677,654.20. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 104,929 shares of company stock valued at $24,692,134. 1.37% of the stock is currently owned by insiders.

Targa Resources Stock Performance

Shares of NYSE:TRGP opened at $252.56 on Friday. The company’s 50 day simple moving average is $242.08 and its 200 day simple moving average is $204.25. The stock has a market capitalization of $54.25 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.61 and a beta of 0.75. The company has a debt-to-equity ratio of 5.21, a current ratio of 0.67 and a quick ratio of 0.55. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $261.95.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings data on Thursday, May 7th. The pipeline company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.68 billion. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. As a group, research analysts predict that Targa Resources, Inc. will post 10.32 EPS for the current fiscal year.

Targa Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Targa Resources’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, April 30th. Targa Resources’s payout ratio is 58.21%.

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.