Targa Resources, Inc. $TRGP Position Trimmed by Profund Advisors LLC

Profund Advisors LLC reduced its holdings in shares of Targa Resources, Inc. (NYSE:TRGP) by 21.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,898 shares of the pipeline company’s stock after selling 2,442 shares during the period. Profund Advisors LLC’s holdings in Targa Resources were worth $2,405,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC grew its holdings in shares of Targa Resources by 381.0% during the second quarter. First Eagle Investment Management LLC now owns 101 shares of the pipeline company’s stock worth $27,000 after buying an additional 80 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Targa Resources during the 2nd quarter worth approximately $32,000. Compass Financial Management LLC purchased a new position in shares of Targa Resources in the 2nd quarter valued at approximately $33,000. CoreCap Advisors LLC grew its stake in shares of Targa Resources by 245.9% in the 2nd quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Targa Resources in the 2nd quarter valued at approximately $35,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Key Targa Resources News

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

Targa Resources Trading Down 0.0%

NYSE:TRGP opened at $314.97 on Monday. Targa Resources, Inc. has a 52-week low of $151.24 and a 52-week high of $316.60. 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 fifty day simple moving average of $290.34 and a 200-day simple moving average of $258.86. The company has a market capitalization of $67.54 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76.

Targa Resources (NYSE:TRGP) last announced its quarterly 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. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. On average, equities research analysts expect that Targa Resources, Inc. will post 11.42 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a “buy” rating and set a $318.00 price target (up from $305.00) on shares of Targa Resources in a report on Thursday, July 9th. Barclays boosted their price objective on shares of Targa Resources from $284.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, October 8th. Stifel Nicolaus set a $335.00 price objective on shares of Targa Resources in a research report on Friday, October 9th. Capital One Financial raised their target price on shares of Targa Resources from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 22nd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $340.00 target price on shares of Targa Resources in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. Based on data from MarketBeat.com, Targa Resources has a consensus rating of “Buy” and a consensus price target of $325.47.

Insider Transactions at Targa Resources

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

Targa Resources 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.