Targa Resources, Inc. $TRGP Stock: Nippon Life Global Investors Americas Inc. Grows Position

Nippon Life Global Investors Americas Inc. lifted its holdings in shares of Targa Resources, Inc. (NYSE:TRGP) by 712.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,890 shares of the pipeline company’s stock after buying an additional 105,130 shares during the period. Targa Resources makes up about 1.3% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 24th largest holding. Nippon Life Global Investors Americas Inc. owned about 0.06% of Targa Resources worth $32,407,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hardy Reed LLC increased its stake in Targa Resources by 1.0% in the first quarter. Hardy Reed LLC now owns 4,321 shares of the pipeline company’s stock valued at $1,083,000 after acquiring an additional 41 shares during the period. Versant Capital Management Inc grew its position in Targa Resources by 4.1% in the second quarter. Versant Capital Management Inc now owns 1,146 shares of the pipeline company’s stock valued at $307,000 after acquiring an additional 45 shares during the last quarter. Premier Path Wealth Partners LLC boosted its position in Targa Resources by 2.3% in the second quarter. Premier Path Wealth Partners LLC now owns 2,003 shares of the pipeline company’s stock valued at $537,000 after buying an additional 45 shares in the last quarter. River Wealth Advisors LLC lifted its stake in shares of Targa Resources by 0.3% in the second quarter. River Wealth Advisors LLC now owns 19,457 shares of the pipeline company’s stock valued at $5,217,000 after buying an additional 50 shares in the last quarter. Finally, Bridgewater Advisors Inc. increased its position in shares of Targa Resources by 2.7% during the first quarter. Bridgewater Advisors Inc. now owns 2,210 shares of the pipeline company’s stock worth $520,000 after acquiring an additional 59 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Targa Resources

In other news, Director S Davis sold 2,400 shares of the business’s stock in a transaction dated 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 $458,195.43. The trade was a 61.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles Crisp sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the sale, the director directly owned 62,292 shares of the company’s stock, valued at approximately $18,079,007.16. This trade represents a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,216 shares of company stock worth $2,127,634. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Targa Resources from $343.00 to $359.00 and gave the company an “overweight” rating in a research report on Wednesday, September 16th. Barclays increased their price objective on Targa Resources from $284.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. Wells Fargo & Company raised their target price on Targa Resources from $282.00 to $324.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Truist Financial reaffirmed a “buy” rating and set a $345.00 target price (up from $312.00) on shares of Targa Resources in a research report on Monday, September 21st. Finally, Wolfe Research set a $335.00 target price on Targa Resources in a research report on Friday, August 7th. Two investment 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 target price of $325.47.

Key Targa Resources News

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

Targa Resources Price Performance

Targa Resources stock opened at $314.97 on Monday. The stock 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 firm has a 50-day moving average of $290.34 and a two-hundred day moving average of $258.86. Targa Resources, Inc. has a 1 year low of $151.24 and a 1 year high of $316.60. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68.

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 the consensus estimate of $2.83 by $0.71. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. On average, research analysts forecast 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 paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, October 30th. Targa Resources’s dividend payout ratio (DPR) is currently 47.80%.

Targa Resources Company Profile

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.