Nippon Life Global Investors Americas Inc. Acquires 105,130 Shares of Targa Resources, Inc. $TRGP

Nippon Life Global Investors Americas Inc. lifted its holdings in shares of Targa Resources, Inc. (NYSE:TRGP) by 712.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 119,890 shares of the pipeline company’s stock after acquiring an additional 105,130 shares during the quarter. Targa Resources accounts for about 1.3% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 24th largest holding. Nippon Life Global Investors Americas Inc.’s holdings in Targa Resources were worth $32,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Targa Resources during the third quarter valued at about $20,769,000. Vise Technologies Inc. increased its stake in shares of Targa Resources by 9.6% during the third quarter. Vise Technologies Inc. now owns 12,858 shares of the pipeline company’s stock worth $3,476,000 after buying an additional 1,126 shares during the period. Moss Adams Wealth Advisors LLC acquired a new position in shares of Targa Resources during the 3rd quarter worth about $324,000. Avestar Capital LLC grew its position in shares of Targa Resources by 29.5% in the 3rd quarter. Avestar Capital LLC now owns 1,975 shares of the pipeline company’s stock valued at $534,000 after buying an additional 450 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Targa Resources in the third quarter valued at approximately $132,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Analyst Ratings Changes

TRGP has been the subject of several research reports. BMO Capital Markets raised their target price on Targa Resources from $303.00 to $328.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. TD Cowen upgraded Targa Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $275.00 to $350.00 in a report on Friday, September 18th. Mizuho lifted their price target on Targa Resources from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, September 11th. JPMorgan Chase & Co. increased their price objective on shares of Targa Resources from $315.00 to $351.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings upgraded Targa Resources from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to data from MarketBeat.com, Targa Resources has a consensus rating of “Buy” and an average target price of $325.47.

Insider Buying and Selling

In other Targa Resources news, Director Paul W. Chung sold 1,816 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total value of $537,735.76. Following the transaction, the director owned 44,000 shares in the company, valued at approximately $13,028,840. This trade represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Waters S. Iv Davis sold 2,400 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $299.67, for a total value of $719,208.00. Following the transaction, the director directly owned 1,529 shares in the company, valued at $458,195.43. This trade represents a 61.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,216 shares of company stock valued at $2,127,634. Corporate insiders own 1.37% of the company’s stock.

Targa Resources Trading Down 0.0%

NYSE:TRGP opened at $314.97 on Monday. The company has a market capitalization of $67.54 billion, a P/E ratio of 30.11, a PEG ratio of 1.30 and a beta of 0.76. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01. Targa Resources, Inc. has a 12 month low of $151.24 and a 12 month high of $316.60. The firm has a fifty day simple moving average of $290.34 and a 200-day simple moving average of $258.86.

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

Targa Resources Announces Dividend

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

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

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.