Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Targa Resources, Inc. (NYSE:TRGP)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Targa Resources, Inc. (NYSE:TRGP). In a filing disclosed on March 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Targa Resources stock on February 10th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Thermon Group (NYSE:THR) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.

Targa Resources Stock Performance

Shares of NYSE:TRGP traded up $1.86 during trading on Tuesday, hitting $241.01. The company’s stock had a trading volume of 899,509 shares, compared to its average volume of 1,435,165. 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 firm has a market cap of $51.80 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 1.57 and a beta of 0.84. The company has a 50-day moving average of $212.96 and a 200-day moving average of $184.34. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $250.00.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.12 billion. On average, sell-side analysts expect that Targa Resources, Inc. will post 8.15 earnings per share for the current year.

Targa Resources Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TRGP shares. Barclays reissued an “overweight” rating and set a $226.00 price objective on shares of Targa Resources in a research report on Friday, February 20th. Weiss Ratings raised Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Morgan Stanley lifted 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. BMO Capital Markets restated an “outperform” rating and issued a $241.00 price target on shares of Targa Resources in a research report on Friday, February 20th. Finally, TD Cowen raised their price objective on Targa Resources from $192.00 to $220.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.93.

Institutional Trading of Targa Resources

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

Insiders Place Their Bets

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 shares were sold at an average price of $229.30, for a total transaction of $311,618.70. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available through 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 shares were sold at an average price of $239.36, for a total transaction of $7,548,696.32. Following the sale, the insider owned 305,163 shares in the company, valued at approximately $73,043,815.68. The trade was a 9.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 104,929 shares of company stock worth $24,692,134 over the last ninety days. 1.34% of the stock is owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.