Targa Resources (NYSE:TRGP) Upgraded by Truist Financial to “Strong-Buy” Rating

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

TRGP has been the topic of a number of other reports. Weiss Ratings raised Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Morgan Stanley increased their price target on shares of Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. TD Cowen lifted their price target on shares of Targa Resources from $192.00 to $220.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Barclays restated an “overweight” rating and issued a $226.00 price objective on shares of Targa Resources in a report on Friday, February 20th. Finally, 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, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.57.

Targa Resources Stock Up 2.7%

TRGP opened at $246.39 on Monday. The business’s fifty day simple moving average is $219.25 and its 200 day simple moving average is $186.95. Targa Resources has a 52 week low of $144.14 and a 52 week high of $250.00. 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 stock has a market cap 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 (NYSE:TRGP) last issued its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.16. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%.The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.12 billion. As a group, research analysts expect that Targa Resources will post 8.15 earnings per share for the current fiscal year.

Insider Activity at Targa Resources

In other Targa Resources news, insider Patrick J. Mcdonie sold 31,537 shares of Targa Resources stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $239.36, for a total transaction of $7,548,696.32. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 1,359 shares of Targa Resources stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total value of $311,618.70. Following the completion of the transaction, the director directly owned 77,094 shares of the company’s stock, valued at approximately $17,677,654.20. This represents a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,929 shares of company stock worth $24,692,134 over the last quarter. 1.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake 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 buying an additional 53,413 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of 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 acquiring an additional 3,847 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Targa Resources during the fourth quarter valued at approximately $52,000. Beacon Pointe Advisors LLC raised its holdings 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 acquiring an additional 1,542 shares during the last quarter. Finally, CacheTech Inc. purchased a new position in Targa Resources in the 4th quarter worth approximately $214,000. Institutional investors own 92.13% of the company’s stock.

Targa Resources News Roundup

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

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.