Targa Resources, Inc. $TRGP Stock: Park Avenue Securities LLC Raises Position

Park Avenue Securities LLC raised its holdings in shares of Targa Resources, Inc. (NYSE:TRGP) by 46.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,369 shares of the pipeline company’s stock after buying an additional 2,029 shares during the quarter. Park Avenue Securities LLC’s holdings in Targa Resources were worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in Targa Resources in the third quarter valued at $201,000. Miller Howard Investments Inc. NY lifted its position in Targa Resources by 4.4% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 252,460 shares of the pipeline company’s stock worth $68,243,000 after buying an additional 10,543 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Targa Resources by 21.5% in the third quarter. Apollon Wealth Management LLC now owns 25,276 shares of the pipeline company’s stock worth $6,832,000 after buying an additional 4,472 shares in the last quarter. Sigma Planning Corp purchased a new stake in Targa Resources in the third quarter worth approximately $1,141,000. Finally, Signaturefd LLC grew its position in Targa Resources by 3.8% during the third quarter. Signaturefd LLC now owns 6,380 shares of the pipeline company’s stock valued at $1,725,000 after acquiring an additional 236 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors.

Key Headlines Impacting Targa Resources

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

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. US Capital Advisors increased its estimates for third-quarter 2026 EPS to $2.53 from $2.51, raised 2027 quarterly forecasts, and lifted full-year 2027 EPS to $11.65 from $11.05. Its FY2028 estimate also rose to $12.87 from $12.73. The revisions suggest stronger expected operating performance and provide a positive catalyst for TRGP. MarketBeat analyst estimate updates
• Positive Sentiment: The upcoming earnings report could exceed expectations. Zacks said Targa has favorable conditions for a potential earnings beat, based on the combination of analyst estimate revisions and other earnings-prediction indicators. A stronger-than-expected report or outlook could support the stock, which is trading near its 52-week high. Zacks earnings expectations article
• Neutral Sentiment: Investors are awaiting quarterly results. Targa Resources was scheduled to announce quarterly earnings Thursday. The report will provide an important test of the elevated forecasts and may determine whether recent gains can be sustained. Targa Resources earnings announcement article
• Negative Sentiment: Balance-sheet leverage remains a key risk. A Seeking Alpha analysis argued that Targa should prioritize repairing its balance sheet. The company’s substantial debt burden could constrain financial flexibility, increase sensitivity to interest rates, and temper investor enthusiasm despite projected earnings growth. Seeking Alpha balance sheet analysis

Insider Transactions at Targa Resources

In other news, Director Waters S. Iv Davis sold 2,400 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the transaction, the director directly owned 1,529 shares in the company, valued at approximately $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 3,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total value of $870,690.00. Following the sale, the director directly owned 62,292 shares in the company, valued at $18,079,007.16. This trade represents a 4.59% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,216 shares of company stock valued at $2,127,634. 1.37% of the stock is currently owned by corporate insiders.

Targa Resources Price Performance

Shares of NYSE:TRGP opened at $314.97 on Monday. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77. The firm has a market cap of $67.54 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. The business has a 50-day simple moving average of $290.34 and a two-hundred day simple moving average of $258.86. Targa Resources, Inc. has a fifty-two week low of $151.24 and a fifty-two week high of $316.60.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.71. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. On average, analysts expect that Targa Resources, Inc. will post 11.42 earnings per share for the current year.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be issued a $1.25 dividend. The ex-dividend date is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Targa Resources’s payout ratio is presently 47.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $322.00 target price on shares of Targa Resources in a research note on Tuesday, October 13th. Citigroup raised their price target on Targa Resources from $303.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. Weiss Ratings raised Targa Resources from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday. Barclays lifted their price target on Targa Resources from $284.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $345.00 price objective (up from $312.00) on shares of Targa Resources in a research report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $325.47.

About Targa Resources

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.