Targa Resources, Inc. $TRGP Stock Holdings Lessened by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC cut its position in Targa Resources, Inc. (NYSE:TRGP) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,748 shares of the pipeline company’s stock after selling 3,397 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Targa Resources were worth $2,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Citizens Bank & Trust Co. grew its position in shares of Targa Resources by 224.3% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 3,661 shares of the pipeline company’s stock valued at $990,000 after acquiring an additional 2,532 shares during the period. Ulrich Consultants & Investment Group LLC bought a new stake in shares of Targa Resources in the 3rd quarter valued at about $384,000. Krilogy Financial LLC raised its holdings in shares of Targa Resources by 8.3% in the 3rd quarter. Krilogy Financial LLC now owns 4,369 shares of the pipeline company’s stock valued at $1,269,000 after purchasing an additional 336 shares during the period. Sax Wealth Advisors LLC acquired a new stake in Targa Resources in the 3rd quarter valued at about $330,000. Finally, NorthCrest Asset Manangement LLC lifted its stake in Targa Resources by 2.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 23,399 shares of the pipeline company’s stock valued at $6,750,000 after purchasing an additional 489 shares during the last quarter. 92.13% of the stock is owned by institutional investors.

Key Targa Resources News

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

• Positive Sentiment: Quarterly dividend maintained: Targa declared a $1.25-per-share quarterly dividend, equivalent to $5.00 annually and a yield of approximately 1.7%. Shareholders of record on October 30 will receive payment on November 17. The distribution reinforces the company’s shareholder-return commitment. Targa Resources declares quarterly dividend
• Positive Sentiment: Analyst outlook remains constructive: Erste Group Bank raised its fiscal 2027 earnings estimate to $12.31 per share from $12.20 and retained a Buy rating. Citigroup also reportedly expects the stock to rise, while the broader analyst average price target is approximately $317.85. Citigroup analyst expects Targa Resources stock to rise
• Neutral Sentiment: Third-quarter results are approaching: Targa will report third-quarter 2026 results before the market opens on November 5 and host an earnings webcast afterward. Investors may remain cautious ahead of updates on volumes, capital spending, project execution, and guidance. Targa Resources dividend and earnings webcast announcement
• Negative Sentiment: Insider selling and valuation concerns: Reported insider activity shows sales without purchases over the past six months. In addition, some published price targets are below the current trading level, creating uncertainty about near-term upside after a substantial rally and potentially contributing to the stock’s decline.

Analysts Set New Price Targets

A number of equities analysts recently commented on TRGP shares. Wolfe Research set a $335.00 price target on Targa Resources in a report on Friday, August 7th. The Goldman Sachs Group restated a “buy” rating and issued a $322.00 price objective on shares of Targa Resources in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Targa Resources in a research report on Tuesday, September 29th. Raymond James Financial set a $335.00 price objective on Targa Resources in a research report on Friday, August 7th. Finally, Morgan Stanley lifted their target price on Targa Resources from $343.00 to $359.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. Based on data from MarketBeat.com, Targa Resources currently has a consensus rating of “Buy” and an average price target of $318.45.

Insider Activity at Targa Resources

In related news, Director S Davis sold 2,400 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the transaction, the director directly owned 1,529 shares of the company’s stock, valued at approximately $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Chung sold 1,816 shares of Targa Resources 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 sale, the director owned 44,000 shares of the company’s stock, valued at $13,028,840. This trade represents a 3.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,216 shares of company stock worth $2,127,634. Corporate insiders own 1.37% of the company’s stock.

Targa Resources Stock Performance

Shares of TRGP stock traded down $2.42 during midday trading on Wednesday, hitting $290.62. 882,213 shares of the company were exchanged, compared to its average volume of 1,297,392. The firm has a market capitalization of $62.32 billion, a P/E ratio of 27.78, a PEG ratio of 1.37 and a beta of 0.80. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77. The firm’s 50 day moving average price is $284.57 and its two-hundred day moving average price is $269.31. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $307.94.

Targa Resources (NYSE:TRGP) last released its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.71. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. As a group, equities research analysts anticipate that Targa Resources, Inc. will post 11.30 earnings per share for the current year.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be paid a $1.25 dividend. The ex-dividend date is Friday, October 30th. This represents a $5.00 annualized dividend and a yield of 1.7%. Targa Resources’s payout ratio is 47.80%.

Targa Resources Profile

Targa Resources Corp. (NYSE: TRGP) is a Houston-based midstream energy company that owns, operates and develops infrastructure for gathering, processing, transporting, storing and exporting natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products. Its operations connect producers with domestic and international markets across key U.S. energy-producing regions.

The company’s assets include natural gas gathering and processing systems, NGL pipelines, fractionation facilities, storage assets and export terminals.