Targa Resources, Inc. $TRGP Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG grew its holdings in shares of Targa Resources, Inc. (NYSE:TRGP) by 56.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,736 shares of the pipeline company’s stock after buying an additional 4,603 shares during the quarter. Raiffeisen Bank International AG’s holdings in Targa Resources were worth $2,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Woodline Partners LP boosted its stake in Targa Resources by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock valued at $3,693,000 after acquiring an additional 5,327 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Targa Resources by 157.4% during the first quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock worth $788,000 after purchasing an additional 2,404 shares during the last quarter. D.A. Davidson & CO. grew its stake in Targa Resources by 6.7% in the second quarter. D.A. Davidson & CO. now owns 4,555 shares of the pipeline company’s stock worth $793,000 after purchasing an additional 288 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Targa Resources by 7.5% in the second quarter. Asset Management One Co. Ltd. now owns 89,165 shares of the pipeline company’s stock worth $15,522,000 after purchasing an additional 6,183 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Targa Resources by 0.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 512,607 shares of the pipeline company’s stock valued at $89,235,000 after buying an additional 1,489 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

Insider Buying and Selling at Targa Resources

In other news, insider Gerald R. Shrader sold 2,750 shares of Targa Resources stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.21, for a total transaction of $498,327.50. Following the sale, the insider owned 29,561 shares of the company’s stock, valued at approximately $5,356,748.81. The trade was a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.34% of the company’s stock.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Q4 EPS beat expectations — TRGP reported $2.51 EPS vs. consensus $2.35, and management highlighted record fourth-quarter and full‑year 2025 results; positive earnings surprise and record results support the rally. MarketBeat Earnings
• Positive Sentiment: Broker upgrade and big price-target lift — Wells Fargo moved TRGP to “Overweight” and raised its target from $207 to $248 (now implying additional upside), which likely boosted buying interest. Benzinga
• Positive Sentiment: Operational strength — Reuters and company releases cited higher gas and NGL transport volumes and beat on adjusted core profit, supporting forward growth expectations. Reuters
• Positive Sentiment: Record results and dividend increase — Company press release and coverage note record 2025 results and a dividend hike, which can attract income and quality-oriented investors. GlobeNewswire Results
• Neutral Sentiment: SEC filing available — TRGP filed its Form 10‑K for 2025; important for due diligence but not a near‑term catalyst by itself. Form 10-K
• Neutral Sentiment: Earnings materials and call transcripts published — Slide deck, press release and call transcript are available for investors to review guidance and management commentary (useful for due diligence). Press Release / Slides Earnings Transcript
• Neutral Sentiment: Analyst writeups and metrics reviews — Coverage from Zacks and others digs into key metrics versus estimates; useful context but typically less immediate market-moving power than the above items. Zacks Analysis
• Negative Sentiment: Revenue slightly missed estimates — Q4 revenue came in a bit below consensus ($4.06B vs. ~$4.12B), which tempers the beat and is the main negative data point investors should monitor. Investing.com

Targa Resources Price Performance

Shares of NYSE TRGP opened at $230.96 on Friday. The company has a debt-to-equity ratio of 5.91, a current ratio of 0.77 and a quick ratio of 0.61. The firm has a market capitalization of $49.58 billion, a PE ratio of 26.89, a P/E/G ratio of 0.98 and a beta of 0.88. Targa Resources, Inc. has a 1-year low of $144.14 and a 1-year high of $232.86. The business’s fifty day moving average price is $194.48 and its two-hundred day moving average price is $175.58.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 68.46%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.12 billion. On average, research analysts expect that Targa Resources, Inc. will post 8.15 EPS for the current year.

Targa Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a $1.00 dividend. The ex-dividend date was Friday, January 30th. This represents a $4.00 annualized dividend and a yield of 1.7%. Targa Resources’s dividend payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRGP. Wells Fargo & Company increased their target price on Targa Resources from $207.00 to $248.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group restated a “buy” rating on shares of Targa Resources in a research note on Friday, January 9th. Morgan Stanley reiterated an “overweight” rating and set a $266.00 target price on shares of Targa Resources in a research note on Wednesday, January 28th. The Goldman Sachs Group reissued a “buy” rating and set a $242.00 target price on shares of Targa Resources in a report on Friday. Finally, Wall Street Zen lowered shares of Targa Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $227.29.

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.