Targa Resources, Inc. $TRGP Stock Position Boosted by Raiffeisen Bank International AG

Raiffeisen Bank International AG grew its stake in shares of Targa Resources, Inc. (NYSE:TRGP) by 56.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,736 shares of the pipeline company’s stock after buying an additional 4,603 shares during the quarter. Raiffeisen Bank International AG’s holdings in Targa Resources were worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Targa Resources during the second quarter worth approximately $708,366,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Targa Resources by 441.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 675,352 shares of the pipeline company’s stock valued at $117,565,000 after purchasing an additional 550,591 shares during the period. Franklin Resources Inc. increased its position in shares of Targa Resources by 306.6% during the 2nd quarter. Franklin Resources Inc. now owns 601,370 shares of the pipeline company’s stock valued at $104,686,000 after purchasing an additional 453,460 shares during the period. 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. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Targa Resources by 290.5% in the second quarter. Ensign Peak Advisors Inc now owns 503,770 shares of the pipeline company’s stock valued at $87,696,000 after buying an additional 374,768 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Q4 EPS beat expectations — TRGP reported $2.51 EPS vs. consensus $2.35, and management highlighted record fourth-quarter and full‑year 2025 results; positive earnings surprise and record results support the rally. MarketBeat Earnings
• Positive Sentiment: Broker upgrade and big price-target lift — Wells Fargo moved TRGP to “Overweight” and raised its target from $207 to $248 (now implying additional upside), which likely boosted buying interest. Benzinga
• Positive Sentiment: Operational strength — Reuters and company releases cited higher gas and NGL transport volumes and beat on adjusted core profit, supporting forward growth expectations. Reuters
• Positive Sentiment: Record results and dividend increase — Company press release and coverage note record 2025 results and a dividend hike, which can attract income and quality-oriented investors. GlobeNewswire Results
• Neutral Sentiment: SEC filing available — TRGP filed its Form 10‑K for 2025; important for due diligence but not a near‑term catalyst by itself. Form 10-K
• Neutral Sentiment: Earnings materials and call transcripts published — Slide deck, press release and call transcript are available for investors to review guidance and management commentary (useful for due diligence). Press Release / Slides Earnings Transcript
• Neutral Sentiment: Analyst writeups and metrics reviews — Coverage from Zacks and others digs into key metrics versus estimates; useful context but typically less immediate market-moving power than the above items. Zacks Analysis
• Negative Sentiment: Revenue slightly missed estimates — Q4 revenue came in a bit below consensus ($4.06B vs. ~$4.12B), which tempers the beat and is the main negative data point investors should monitor. Investing.com

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays reaffirmed an “overweight” rating and set a $226.00 target price on shares of Targa Resources in a report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $242.00 price objective on shares of Targa Resources in a research note on Friday. Weiss Ratings upgraded shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Stifel Nicolaus upped their price target on Targa Resources from $213.00 to $243.00 and gave the company a “buy” rating in a report on Friday. Finally, Scotiabank restated an “outperform” rating and issued a $224.00 target price on shares of Targa Resources in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $227.29.

Insider Activity

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 shares were sold at an average price of $181.21, for a total transaction of $498,327.50. Following the completion of the sale, the insider directly owned 29,561 shares in the company, valued at approximately $5,356,748.81. This trade represents a 8.51% 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. 1.34% of the stock is owned by company insiders.

Targa Resources Price Performance

Shares of NYSE:TRGP opened at $230.96 on Friday. The company’s fifty day moving average is $194.48 and its two-hundred day moving average is $175.58. The company has a market cap of $49.58 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88. Targa Resources, Inc. has a 12-month low of $144.14 and a 12-month high of $232.86. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 5.91.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.12 billion. Targa Resources had a return on equity of 68.46% and a net margin of 10.88%. Equities analysts expect that Targa Resources, Inc. will post 8.15 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $1.00 dividend. The ex-dividend date was Friday, January 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio is currently 46.57%.

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.