Mezzasalma Advisors LLC Sells 3,397 Shares of Targa Resources, Inc. $TRGP

Mezzasalma Advisors LLC reduced its position in Targa Resources, Inc. (NYSE:TRGP) by 24.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,748 shares of the pipeline company’s stock after selling 3,397 shares during the period. Mezzasalma Advisors LLC’s holdings in Targa Resources were worth $2,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC raised its holdings in Targa Resources by 238.0% during the 2nd quarter. Tidal Investments LLC now owns 41,741 shares of the pipeline company’s stock worth $11,192,000 after purchasing an additional 29,390 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Targa Resources in the 2nd quarter valued at about $100,442,000. Hsbc Holdings PLC boosted its stake in shares of Targa Resources by 7.0% in the 4th quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock valued at $151,331,000 after purchasing an additional 53,413 shares during the last quarter. Miller Howard Investments Inc. NY boosted its stake in shares of Targa Resources by 37.3% in the 1st quarter. Miller Howard Investments Inc. NY now owns 230,592 shares of the pipeline company’s stock valued at $57,816,000 after purchasing an additional 62,652 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of Targa Resources during the 2nd quarter worth approximately $33,314,000. Institutional investors own 92.13% of the company’s stock.

Targa Resources Trading Down 0.8%

Targa Resources stock traded down $2.42 during midday trading on Wednesday, hitting $290.62. 882,213 shares of the stock were exchanged, compared to its average volume of 1,297,392. The stock has a market capitalization of $62.32 billion, a PE ratio of 27.78, a P/E/G ratio of 1.37 and a beta of 0.80. The company has a fifty day simple moving average of $284.57 and a two-hundred day simple moving average of $269.31. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $307.94.

Targa Resources (NYSE:TRGP) last issued its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. Equities research analysts anticipate that Targa Resources, Inc. will post 11.30 EPS for the current fiscal year.

Targa Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, October 30th. Targa Resources’s payout ratio is 47.80%.

Key Targa Resources News

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

• Positive Sentiment: Quarterly dividend maintained: Targa declared a $1.25-per-share quarterly dividend, equivalent to $5.00 annually and a yield of approximately 1.7%. Shareholders of record on October 30 will receive payment on November 17. The distribution reinforces the company’s shareholder-return commitment. Targa Resources declares quarterly dividend
• Positive Sentiment: Analyst outlook remains constructive: Erste Group Bank raised its fiscal 2027 earnings estimate to $12.31 per share from $12.20 and retained a Buy rating. Citigroup also reportedly expects the stock to rise, while the broader analyst average price target is approximately $317.85. Citigroup analyst expects Targa Resources stock to rise
• Neutral Sentiment: Third-quarter results are approaching: Targa will report third-quarter 2026 results before the market opens on November 5 and host an earnings webcast afterward. Investors may remain cautious ahead of updates on volumes, capital spending, project execution, and guidance. Targa Resources dividend and earnings webcast announcement
• Negative Sentiment: Insider selling and valuation concerns: Reported insider activity shows sales without purchases over the past six months. In addition, some published price targets are below the current trading level, creating uncertainty about near-term upside after a substantial rally and potentially contributing to the stock’s decline.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TRGP shares. JPMorgan Chase & Co. boosted their price target on shares of Targa Resources from $315.00 to $351.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. UBS Group reaffirmed a “buy” rating and issued a $318.00 price objective (up from $305.00) on shares of Targa Resources in a research note on Thursday, July 9th. Erste Group Bank initiated coverage on shares of Targa Resources in a report on Thursday, June 25th. They set a “buy” rating for the company. Raymond James Financial set a $335.00 target price on shares of Targa Resources in a research report on Friday, August 7th. Finally, Wells Fargo & Company increased their price target on Targa Resources from $282.00 to $324.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. According to data from MarketBeat, Targa Resources has an average rating of “Buy” and a consensus target price of $318.45.

Insider Activity

In other news, Director Waters S. Iv Davis sold 2,400 shares of the business’s stock in a transaction 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. The trade was a 61.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 3,000 shares of Targa Resources stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total transaction of $870,690.00. Following the completion of the sale, the director owned 62,292 shares in the company, valued at $18,079,007.16. The trade was a 4.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,216 shares of company stock worth $2,127,634 over the last quarter. 1.37% of the stock is currently owned by company insiders.

Targa Resources Profile

Targa Resources Corp. (NYSE: TRGP) is a Houston-based midstream energy company that owns, operates and develops infrastructure for gathering, processing, transporting, storing and exporting natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products. Its operations connect producers with domestic and international markets across key U.S. energy-producing regions.

The company’s assets include natural gas gathering and processing systems, NGL pipelines, fractionation facilities, storage assets and export terminals.