Targa Resources FY2025 EPS Increased by US Capital Advisors

Targa Resources, Inc. (NYSE:TRGP) – Investment analysts at US Capital Advisors boosted their FY2025 EPS estimates for Targa Resources in a research note issued to investors on Tuesday, November 25th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $9.25 per share for the year, up from their prior estimate of $8.96. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q4 2025 earnings at $2.40 EPS.

Several other equities research analysts have also commented on the company. Royal Bank Of Canada boosted their price objective on Targa Resources from $208.00 to $213.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Scotiabank reduced their price objective on Targa Resources from $199.00 to $198.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. BMO Capital Markets raised their target price on Targa Resources from $185.00 to $196.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Cfra Research raised shares of Targa Resources to a “hold” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Targa Resources in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.21.

Targa Resources Price Performance

Targa Resources stock opened at $170.88 on Wednesday. The company has a debt-to-equity ratio of 5.93, a quick ratio of 0.56 and a current ratio of 0.69. The company’s fifty day moving average price is $162.69 and its 200 day moving average price is $164.97. The stock has a market capitalization of $36.68 billion, a P/E ratio of 24.17, a P/E/G ratio of 0.91 and a beta of 1.16. Targa Resources has a 1 year low of $144.14 and a 1 year high of $218.51.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.02). The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.70 billion. Targa Resources had a return on equity of 43.35% and a net margin of 8.99%.

Institutional Investors Weigh In On Targa Resources

Hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC raised its holdings in Targa Resources by 4.1% in the third quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock valued at $253,000 after acquiring an additional 60 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of Targa Resources by 3.6% in the 3rd quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock valued at $287,000 after purchasing an additional 60 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Targa Resources by 1.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,046 shares of the pipeline company’s stock valued at $845,000 after purchasing an additional 64 shares in the last quarter. State of Wyoming grew its stake in shares of Targa Resources by 3.2% during the second quarter. State of Wyoming now owns 2,076 shares of the pipeline company’s stock worth $361,000 after purchasing an additional 64 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Targa Resources by 11.9% in the second quarter. UMB Bank n.a. now owns 658 shares of the pipeline company’s stock valued at $115,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Insiders Place Their Bets

In other Targa Resources news, insider D. Scott Pryor sold 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $172.21, for a total transaction of $3,444,200.00. Following the sale, the insider directly owned 22,139 shares in the company, valued at $3,812,557.19. This represents a 47.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.34% of the stock is currently owned by insiders.

Targa Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Targa Resources’s dividend payout ratio (DPR) is presently 53.19%.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.