Targa Resources, Inc. $TRGP Position Increased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of Targa Resources, Inc. (NYSE:TRGP) by 46.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,369 shares of the pipeline company’s stock after acquiring an additional 2,029 shares during the period. Park Avenue Securities LLC’s holdings in Targa Resources were worth $1,722,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TRGP. Flagship Harbor Advisors LLC purchased a new stake in shares of Targa Resources during the third quarter valued at $201,000. Miller Howard Investments Inc. NY lifted its stake in Targa Resources by 4.4% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 252,460 shares of the pipeline company’s stock valued at $68,243,000 after acquiring an additional 10,543 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of Targa Resources by 21.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 25,276 shares of the pipeline company’s stock valued at $6,832,000 after acquiring an additional 4,472 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Targa Resources in the 3rd quarter valued at $1,141,000. Finally, Signaturefd LLC increased its stake in shares of Targa Resources by 3.8% in the third quarter. Signaturefd LLC now owns 6,380 shares of the pipeline company’s stock worth $1,725,000 after acquiring an additional 236 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Targa Resources News Roundup

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

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. US Capital Advisors increased its estimates for third-quarter 2026 EPS to $2.53 from $2.51, raised 2027 quarterly forecasts, and lifted full-year 2027 EPS to $11.65 from $11.05. Its FY2028 estimate also rose to $12.87 from $12.73. The revisions suggest stronger expected operating performance and provide a positive catalyst for TRGP. MarketBeat analyst estimate updates
• Positive Sentiment: The upcoming earnings report could exceed expectations. Zacks said Targa has favorable conditions for a potential earnings beat, based on the combination of analyst estimate revisions and other earnings-prediction indicators. A stronger-than-expected report or outlook could support the stock, which is trading near its 52-week high. Zacks earnings expectations article
• Neutral Sentiment: Investors are awaiting quarterly results. Targa Resources was scheduled to announce quarterly earnings Thursday. The report will provide an important test of the elevated forecasts and may determine whether recent gains can be sustained. Targa Resources earnings announcement article
• Negative Sentiment: Balance-sheet leverage remains a key risk. A Seeking Alpha analysis argued that Targa should prioritize repairing its balance sheet. The company’s substantial debt burden could constrain financial flexibility, increase sensitivity to interest rates, and temper investor enthusiasm despite projected earnings growth. Seeking Alpha balance sheet analysis

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TRGP. Stifel Nicolaus set a $335.00 price target on Targa Resources in a research report on Friday, October 9th. Capital One Financial boosted their price objective on Targa Resources from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, September 22nd. Barclays upped their target price on Targa Resources from $284.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $322.00 target price on shares of Targa Resources in a report on Tuesday, October 13th. Finally, Morgan Stanley lifted their price target on Targa Resources from $343.00 to $359.00 and gave the company an “overweight” rating in a research report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $325.47.

Insider Activity at Targa Resources

In related news, Director Paul Chung sold 1,816 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total transaction of $537,735.76. Following the completion of the transaction, the director directly owned 44,000 shares in the company, valued at $13,028,840. This trade represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles Crisp sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the completion of the transaction, the director owned 62,292 shares of the company’s stock, valued at approximately $18,079,007.16. This trade represents a 4.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,216 shares of company stock worth $2,127,634 in the last three months. 1.37% of the stock is owned by company insiders.

Targa Resources Price Performance

Shares of NYSE TRGP opened at $314.97 on Monday. The firm has a 50-day simple moving average of $290.34 and a 200-day simple moving average of $258.86. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01. The stock has a market capitalization of $67.54 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. Targa Resources, Inc. has a 52 week low of $151.24 and a 52 week high of $316.60.

Targa Resources (NYSE:TRGP) last issued its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. On average, equities analysts predict that Targa Resources, Inc. will post 11.42 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 30th. Targa Resources’s payout ratio is currently 47.80%.

Targa Resources Company Profile

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.