Targa Resources, Inc. $TRGP Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in Targa Resources, Inc. (NYSE:TRGP) by 45.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,951 shares of the pipeline company’s stock after purchasing an additional 7,786 shares during the period. NEOS Investment Management LLC’s holdings in Targa Resources were worth $4,180,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in shares of Targa Resources in the third quarter worth $231,000. Merit Financial Group LLC boosted its holdings in shares of Targa Resources by 27.0% in the third quarter. Merit Financial Group LLC now owns 1,568 shares of the pipeline company’s stock valued at $263,000 after acquiring an additional 333 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Targa Resources by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,382,289 shares of the pipeline company’s stock worth $4,755,169,000 after buying an additional 422,075 shares in the last quarter. Capital Planning Advisors LLC acquired a new stake in shares of Targa Resources in the third quarter valued at $902,000. Finally, Fifth Third Bancorp grew its holdings in Targa Resources by 6.5% during the third quarter. Fifth Third Bancorp now owns 11,645 shares of the pipeline company’s stock worth $1,951,000 after acquiring an additional 711 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Targa Resources Price Performance

TRGP opened at $224.38 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 5.91. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $232.86. The stock has a fifty day moving average price of $193.52 and a 200 day moving average price of $175.04. The stock has a market cap of $48.17 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 0.98 and a beta of 0.88.

Targa Resources Announces Dividend

The business also recently declared 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 of this dividend was Friday, January 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.8%. Targa Resources’s payout ratio is currently 53.19%.

Targa Resources News Roundup

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

• Positive Sentiment: Reported record Q4 and full‑year 2025 results and issued a bullish outlook for 2026, plus a dividend increase — supportive for long‑term income-focused holders. Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026
• Positive Sentiment: Beat adjusted/core profit estimates as higher natural gas and NGL transport volumes boosted margins — explains some of the fundamental strength despite mixed headline numbers. Targa Resources beats quarterly core profit estimates on boost in gas volumes
• Neutral Sentiment: 10‑K for year ended Dec. 31, 2025 has been filed and is available — useful for digging into leverage, segment results and reserve/contract disclosures. Targa Resources Corp. Announces Form 10‑K Available
• Neutral Sentiment: Earnings call transcript and the presentation are available for investors who want management’s commentary on volumes, margin drivers, and 2026 guidance. Q4 2025 Earnings Call Transcript Earnings Call Presentation
• Negative Sentiment: GAAP EPS missed consensus by roughly $0.03 and revenue was slightly below estimates — the headline miss likely drove short‑term selling pressure. Targa Resources earnings missed by $0.03, revenue fell short of estimates
• Negative Sentiment: Valuation and leverage remain investor considerations after a recent run‑up in the share price (P/E ~30.7, high debt‑to‑equity). A recent write‑up flagged stretched valuation following strong momentum, which can exacerbate pullbacks on mixed results. A Look At Targa Resources (TRGP) Valuation After Strong Recent Share Price Momentum

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $196.00 target price on shares of Targa Resources in a research note on Monday, January 12th. Royal Bank Of Canada increased their price objective on Targa Resources from $213.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Weiss Ratings upgraded Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Morgan Stanley reiterated an “overweight” rating and issued a $266.00 price target on shares of Targa Resources in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus set a $213.00 target price on shares of Targa Resources in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Targa Resources has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Insider Activity at Targa Resources

In related news, insider Gerald R. Shrader sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.21, for a total value of $498,327.50. Following the transaction, the insider directly owned 29,561 shares of the company’s stock, valued at approximately $5,356,748.81. This trade represents a 8.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.34% of the company’s stock.

Targa Resources 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.