Erste Group Bank Estimates Targa Resources FY2026 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Erste Group Bank raised their FY2026 earnings per share estimates for Targa Resources in a research report issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the pipeline company will post earnings of $11.26 per share for the year, up from their previous estimate of $11.19. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $11.29 per share.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%.The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion.

Several other equities research analysts have also issued reports on TRGP. JPMorgan Chase & Co. increased their target price on shares of Targa Resources from $291.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Wolfe Research set a $335.00 price target on shares of Targa Resources in a research report on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Targa Resources from $282.00 to $324.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Morgan Stanley raised their price objective on shares of Targa Resources from $333.00 to $343.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Finally, UBS Group restated a “buy” rating and set a $318.00 target price on shares of Targa Resources in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $308.76.

Targa Resources Stock Up 0.3%

TRGP stock opened at $292.25 on Friday. The business’s 50-day moving average price is $279.76 and its 200-day moving average price is $261.78. The stock has a market cap of $62.67 billion, a P/E ratio of 27.94, a PEG ratio of 1.38 and a beta of 0.72. 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 has a twelve month low of $144.14 and a twelve month high of $307.94.

Institutional Trading of Targa Resources

Several hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its stake in shares of Targa Resources by 37,275.4% in the second quarter. California State Teachers Retirement System now owns 93,258,824 shares of the pipeline company’s stock valued at $25,006,421,000 after acquiring an additional 93,009,305 shares during the period. Norges Bank bought a new position in Targa Resources during the 4th quarter valued at about $735,758,000. Bank of America Corp DE bought a new position in Targa Resources during the 2nd quarter valued at about $734,846,000. Legal & General Group Plc bought a new position in Targa Resources during the 2nd quarter valued at about $336,575,000. Finally, Goldman Sachs Group Inc. raised its position in Targa Resources by 48.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company’s stock worth $607,023,000 after purchasing an additional 1,075,246 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Targa Resources

In other Targa Resources news, 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 transaction of $870,690.00. Following the completion of the transaction, the director owned 62,292 shares in the company, valued at $18,079,007.16. This trade represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul W. Chung sold 1,816 shares of Targa Resources stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total transaction of $537,735.76. Following the completion of the transaction, the director directly owned 44,000 shares of the company’s stock, valued at $13,028,840. The trade was a 3.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,216 shares of company stock valued at $2,127,634. 1.37% of the stock is owned by corporate insiders.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio (DPR) is 47.80%.

Targa Resources Company Profile

Targa Resources Corp. (NYSE: TRGP) is a midstream energy infrastructure company that gathers, processes, transports and fractionates natural gas and natural gas liquids (NGLs). Its operations connect producers with downstream markets and include natural gas gathering and processing, NGL fractionation, storage, transportation and marketing, as well as crude oil gathering and logistics.

The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and export infrastructure across the United States.