Targa Resources, Inc. $TRGP Stake Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its holdings in Targa Resources, Inc. (NYSE:TRGP) by 48.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,290,099 shares of the pipeline company’s stock after purchasing an additional 1,075,246 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Targa Resources were worth $607,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. raised its position in Targa Resources by 10.5% in the fourth quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company’s stock worth $97,000 after acquiring an additional 50 shares in the last quarter. First Horizon Corp raised its holdings in Targa Resources by 20.1% during the 4th quarter. First Horizon Corp now owns 340 shares of the pipeline company’s stock worth $63,000 after buying an additional 57 shares during the period. Larson Financial Group LLC raised its holdings in Targa Resources by 4.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock worth $253,000 after buying an additional 60 shares during the period. Equitable Holdings Inc. raised its holdings in Targa Resources by 3.6% during the 3rd quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock worth $287,000 after buying an additional 60 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in Targa Resources by 1.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,046 shares of the pipeline company’s stock worth $845,000 after buying an additional 64 shares during the period. 92.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRGP. Seaport Research Partners restated a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. UBS Group boosted their price objective on Targa Resources from $228.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. US Capital Advisors downgraded Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, May 29th. Stifel Nicolaus set a $268.00 price objective on Targa Resources in a report on Friday, May 8th. Finally, Morgan Stanley boosted their price objective on Targa Resources from $327.00 to $331.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $269.21.

More Targa Resources News

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

• Positive Sentiment: US Capital Advisors boosted its near-term and long-term EPS forecasts for Targa Resources, including higher estimates for FY2026, FY2027, and FY2028, while maintaining a Moderate Buy rating.
• Positive Sentiment: The firm raised quarterly earnings estimates for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, reinforcing the view that TRGP’s earnings trend could improve over the next several years.
• Neutral Sentiment: A broader midstream industry backdrop is also constructive, with reports pointing to stronger natural gas demand from LNG exports and power needs such as data centers. Midstream: Robust Gas Backlogs Drive Growth Visibility
• Negative Sentiment: No major negative company-specific developments were included in the recent news, but investors may still remember that Targa previously missed recent quarterly EPS and revenue estimates, which can temper enthusiasm.

Insider Activity at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the sale, the director owned 66,492 shares of the company’s stock, valued at approximately $17,019,292.32. The trade was a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.37% of the company’s stock.

Targa Resources Price Performance

Shares of TRGP opened at $263.53 on Thursday. The company has a market capitalization of $56.56 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.35 and a beta of 0.72. Targa Resources, Inc. has a fifty-two week low of $144.14 and a fifty-two week high of $280.00. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.72 and a quick ratio of 0.62. The business’s 50-day moving average is $252.65 and its 200-day moving average is $218.44.

Targa Resources (NYSE:TRGP) last issued its earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.68 billion. Targa Resources had a net margin of 12.87% and a return on equity of 71.00%. Equities research analysts expect that Targa Resources, Inc. will post 10.75 EPS for the current fiscal year.

Targa Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, April 30th. This is a positive change from Targa Resources’s previous quarterly dividend of $1.00. Targa Resources’s dividend payout ratio (DPR) is presently 50.56%.

Targa Resources Company 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.