Targa Resources (NYSE:TRGP) Research Coverage Started at Truist Financial

Truist Financial started coverage on shares of Targa Resources (NYSE:TRGP) in a research note released on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $279.00 price objective on the pipeline company’s stock.

Other research analysts also recently issued research reports about the company. Weiss Ratings raised Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. UBS Group restated a “buy” rating on shares of Targa Resources in a report on Friday, January 9th. Morgan Stanley upped their target price on Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company increased their target price on Targa Resources from $248.00 to $264.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, TD Cowen raised their price target on shares of Targa Resources from $192.00 to $220.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.57.

Targa Resources Stock Performance

Shares of TRGP stock opened at $250.17 on Tuesday. The company has a debt-to-equity ratio of 5.21, a current ratio of 0.67 and a quick ratio of 0.55. The company’s fifty day moving average price is $221.86 and its two-hundred day moving average price is $187.79. The firm has a market capitalization of $53.77 billion, a P/E ratio of 29.12, a P/E/G ratio of 1.61 and a beta of 0.84. Targa Resources has a 12 month low of $144.14 and a 12 month high of $252.45.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.16. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%.The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.12 billion. On average, research analysts anticipate that Targa Resources will post 8.15 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, January 30th. Targa Resources’s dividend payout ratio (DPR) is 46.57%.

Insider Transactions at Targa Resources

In other Targa Resources news, Director Charles R. Crisp sold 1,359 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total transaction of $311,618.70. Following the transaction, the director owned 77,094 shares of the company’s stock, valued at $17,677,654.20. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Patrick J. Mcdonie sold 31,537 shares of Targa Resources stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $239.36, for a total value of $7,548,696.32. Following the completion of the transaction, the insider owned 305,163 shares of the company’s stock, valued at approximately $73,043,815.68. The trade was a 9.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 104,929 shares of company stock valued at $24,692,134 over the last 90 days. Corporate insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Targa Resources

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new position in Targa Resources in the fourth quarter worth $27,000. Olistico Wealth LLC acquired a new stake in shares of Targa Resources during the fourth quarter worth $27,000. Miller Capital Partners Inc. bought a new position in shares of Targa Resources in the 4th quarter worth about $30,000. Leonteq Securities AG bought a new position in shares of Targa Resources in the 4th quarter worth about $31,000. Finally, Peoples Financial Services CORP. acquired a new position in shares of Targa Resources in the 3rd quarter valued at about $34,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Targa Resources

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance, signaling institutional confidence that can drive demand for the shares. Truist coverage
• Positive Sentiment: UBS published a note forecasting strong price appreciation for TRGP, a high‑profile endorsement that can prompt fresh inflows from institutional investors. UBS forecast
• Positive Sentiment: US Capital Advisors raised EPS forecasts for multiple periods (Q2 2026, FY2026, Q4 2027, FY2028), indicating analysts expect stronger future earnings growth — a direct positive for valuation and investor sentiment. US Capital Advisors estimates
• Neutral Sentiment: Industry brokers published Q1 earnings expectations for Targa; these set the near‑term bar management must clear and increase focus on the upcoming quarterly release (outcome will affect price momentum). Brokers’ Q1 expectations
• Negative Sentiment: Balance‑sheet and valuation risks remain: TRGP carries high leverage (debt/equity ~5.2) and modest liquidity ratios, meaning the stock could be more sensitive to commodity or rate shocks despite bullish analyst views.

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.