Sendero Wealth Management LLC Takes $4.05 Million Position in Targa Resources, Inc. $TRGP

Sendero Wealth Management LLC bought a new position in shares of Targa Resources, Inc. (NYSE:TRGP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,953 shares of the pipeline company’s stock, valued at approximately $4,050,000.

A number of other large investors also recently modified their holdings of TRGP. Olistico Wealth LLC bought a new stake in Targa Resources during the 4th quarter valued at $27,000. Peak Financial Advisors LLC lifted its stake in shares of Targa Resources by 221.3% in the fourth quarter. Peak Financial Advisors LLC now owns 14,101 shares of the pipeline company’s stock valued at $2,602,000 after buying an additional 9,712 shares in the last quarter. PUREfi Wealth LLC acquired a new position in shares of Targa Resources during the fourth quarter valued at about $313,000. Czech National Bank grew its holdings in shares of Targa Resources by 3.6% during the fourth quarter. Czech National Bank now owns 56,603 shares of the pipeline company’s stock valued at $10,443,000 after buying an additional 1,948 shares during the last quarter. Finally, Viking Fund Management LLC increased its position in shares of Targa Resources by 24.0% during the fourth quarter. Viking Fund Management LLC now owns 31,000 shares of the pipeline company’s stock worth $5,720,000 after acquiring an additional 6,000 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

Targa Resources Trading Up 1.9%

NYSE TRGP opened at $250.17 on Friday. The stock has a market capitalization of $53.77 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 1.61 and a beta of 0.84. Targa Resources, Inc. has a one year low of $144.14 and a one year high of $252.45. 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 business’s fifty day moving average is $221.86 and its 200-day moving average is $187.79.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share 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. Equities research analysts predict that Targa Resources, Inc. will post 8.15 EPS for the current year.

Targa Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, January 30th. Targa Resources’s payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TRGP shares. Citigroup raised their price target on shares of Targa Resources from $200.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Stifel Nicolaus increased their price objective on Targa Resources from $213.00 to $243.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Royal Bank Of Canada raised their target price on Targa Resources from $218.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings upgraded Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Finally, Mizuho increased their price target on Targa Resources from $207.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.57.

Insider Activity

In related news, insider Robert Muraro sold 24,589 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $241.34, for a total value of $5,934,309.26. Following the transaction, the insider owned 197,401 shares in the company, valued at approximately $47,640,757.34. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patrick J. Mcdonie sold 31,537 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $239.36, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 104,929 shares of company stock worth $24,692,134. 1.34% of the stock is owned by insiders.

Key Headlines Impacting Targa Resources

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance, signaling institutional confidence that can drive demand for the shares. Truist coverage
• Positive Sentiment: UBS published a note forecasting strong price appreciation for TRGP, a high‑profile endorsement that can prompt fresh inflows from institutional investors. UBS forecast
• Positive Sentiment: US Capital Advisors raised EPS forecasts for multiple periods (Q2 2026, FY2026, Q4 2027, FY2028), indicating analysts expect stronger future earnings growth — a direct positive for valuation and investor sentiment. US Capital Advisors estimates
• Neutral Sentiment: Industry brokers published Q1 earnings expectations for Targa; these set the near‑term bar management must clear and increase focus on the upcoming quarterly release (outcome will affect price momentum). Brokers’ Q1 expectations
• Negative Sentiment: Balance‑sheet and valuation risks remain: TRGP carries high leverage (debt/equity ~5.2) and modest liquidity ratios, meaning the stock could be more sensitive to commodity or rate shocks despite bullish analyst views.

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.