Targa Resources (NYSE:TRGP) Stock Rating Upgraded by Truist Financial

Targa Resources (NYSE:TRGP) was upgraded by stock analysts at Truist Financial to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. Wells Fargo & Company increased their target price on Targa Resources from $248.00 to $264.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Royal Bank Of Canada raised their price target on Targa Resources from $218.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. UBS Group lifted their price target on Targa Resources from $228.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $242.00 price objective on shares of Targa Resources in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.57.

Targa Resources Price Performance

Shares of NYSE:TRGP opened at $246.39 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 5.21. The firm has a market capitalization of $52.96 billion, a PE ratio of 28.68, a P/E/G ratio of 1.57 and a beta of 0.84. Targa Resources has a twelve month low of $144.14 and a twelve month high of $250.00. The company has a 50-day moving average price of $219.25 and a two-hundred day moving average price of $186.95.

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

Insider Transactions at Targa Resources

In other news, Director Charles R. Crisp sold 1,359 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total value of $311,618.70. Following the transaction, the director owned 77,094 shares of the company’s stock, valued at approximately $17,677,654.20. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick J. Mcdonie sold 31,537 shares of the stock in a transaction 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 sale, the insider owned 305,163 shares in the company, valued at $73,043,815.68. This trade represents a 9.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 104,929 shares of company stock valued at $24,692,134. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Targa Resources

Several institutional investors and hedge funds have recently modified their holdings of TRGP. Hsbc Holdings PLC increased its position in shares of Targa Resources by 7.0% in the fourth quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock worth $151,331,000 after purchasing an additional 53,413 shares during the last quarter. Corient Private Wealth LLC lifted its position in Targa Resources by 11.1% during the fourth quarter. Corient Private Wealth LLC now owns 38,525 shares of the pipeline company’s stock valued at $7,108,000 after purchasing an additional 3,847 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Targa Resources during the fourth quarter valued at approximately $52,000. Beacon Pointe Advisors LLC grew its stake in Targa Resources by 104.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,022 shares of the pipeline company’s stock worth $557,000 after buying an additional 1,542 shares in the last quarter. Finally, CacheTech Inc. purchased a new position in Targa Resources in the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a Buy rating, signaling stronger upside and supporting the stock rally. Article Title
• Positive Sentiment: Truist initiated coverage with a Buy rating and a $279 target, backing the bullish momentum from institutional research and likely contributing to today’s buying interest. Article Title
• Positive Sentiment: US Capital Advisors raised its Q1 2026 EPS estimate to $2.41 (up from $2.33), a near‑term beat that supports visible earnings strength for the next reported quarter. Article Title
• Neutral Sentiment: US Capital Advisors published a full set of quarterly/annual forecasts (Q1–Q4 2026 and Q1–Q3 2027); the note provides updated guidance that traders can use to model near‑term cash flow and FY2027 expectations. The firm’s FY2027 projection of $10.09 is well above current consensus, making it useful (but not definitive) for valuation debates. Article Title
• Negative Sentiment: Offsetting the positives, US Capital Advisors trimmed several 2026 quarter estimates (Q3 2026 to $2.30 from $2.33; Q4 2026 to $2.50 from $2.56) and lowered its FY2027 forecast (to $10.09 from $10.35), which introduces some downward pressure on near‑term growth expectations. Article Title

Targa Resources Company Profile

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.