Targa Resources, Inc. (NYSE:TRGP) Stock Has Consensus Price Target of $317.85 According to Brokerages

Targa Resources, Inc. (NYSE:TRGP) has earned a consensus recommendation of “Buy” from the twenty-two research firms that are presently covering the company, Marketbeat Ratings reports. Twenty-one research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $317.75.

Several research firms have recently commented on TRGP. Scotiabank reissued an “outperform” rating and issued a $319.00 price objective on shares of Targa Resources in a report on Thursday. Weiss Ratings upgraded shares of Targa Resources from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Erste Group Bank began coverage on shares of Targa Resources in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Stifel Nicolaus set a $335.00 price target on shares of Targa Resources in a research report on Friday, October 9th. Finally, BMO Capital Markets increased their price target on shares of Targa Resources from $278.00 to $303.00 and gave the company an “outperform” rating in a research note on Friday, July 17th.

Insider Transactions at Targa Resources

In other news, Director Paul Chung sold 1,816 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $296.11, for a total value of $537,735.76. Following the sale, the director directly owned 44,000 shares of the company’s stock, valued at approximately $13,028,840. This represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Crisp sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 62,292 shares in the company, valued at approximately $18,079,007.16. The trade was a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,216 shares of company stock worth $2,127,634 in the last ninety days. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Targa Resources

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC boosted its stake in shares of Targa Resources by 6.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,355 shares of the pipeline company’s stock worth $1,177,000 after acquiring an additional 247 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Targa Resources by 151.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 194,283 shares of the pipeline company’s stock worth $52,517,000 after acquiring an additional 116,984 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of Targa Resources by 2.2% during the 3rd quarter. Ninety One UK Ltd now owns 155,668 shares of the pipeline company’s stock worth $42,079,000 after acquiring an additional 3,339 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its stake in Targa Resources by 12.4% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 8,606 shares of the pipeline company’s stock valued at $2,326,000 after acquiring an additional 948 shares during the period. Finally, Strategy Asset Managers LLC raised its stake in Targa Resources by 278.7% in the 3rd quarter. Strategy Asset Managers LLC now owns 3,859 shares of the pipeline company’s stock valued at $1,043,000 after acquiring an additional 2,840 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Targa Resources Stock Down 2.9%

TRGP stock opened at $282.35 on Tuesday. 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 business has a 50 day moving average price of $285.49 and a two-hundred day moving average price of $269.82. The company has a market cap of $60.54 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.36 and a beta of 0.80. Targa Resources has a twelve month low of $144.14 and a twelve month high of $307.94.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, topping 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 firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.90 billion. Analysts anticipate that Targa Resources will post 11.38 EPS for the current fiscal year.

Targa Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, October 30th. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. Targa Resources’s payout ratio is currently 47.80%.

More Targa Resources News

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

• Positive Sentiment: Jefferies maintains a constructive outlook on Targa Resources, lowering its price target to $326 from $345 while retaining implied upside from recent trading levels. The reduced target, however, suggests more cautious expectations than before. Jefferies Adjusts Targa Resources Price Target
• Positive Sentiment: Erste Group raised its fiscal 2027 earnings estimate for TRGP to $12.31 per share from $12.20 and maintained a “Buy” rating, indicating improving longer-term profit expectations. Erste Group Raises Targa Resources Earnings Estimate
• Positive Sentiment: Targa declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing an approximately 1.7% yield. The dividend supports shareholder returns and may reinforce confidence in cash generation. The ex-dividend date is October 30, with payment scheduled for November 17. Targa Resources Declares Quarterly Dividend
• Positive Sentiment: Zacks identified TRGP as a top-ranked momentum stock, while a Citigroup analyst reportedly expects the shares to rise. These ratings provide additional technical and analyst support, although they are not guarantees of future performance. Zacks Momentum Stock Rating
• Negative Sentiment: The primary near-term pressure is Jefferies’ $19 price-target reduction. Although the new target remains above recent levels, the cut can signal moderating valuation expectations and likely contributed to selling pressure in TRGP. Targa Resources Intraday Trading Report

Targa Resources Company 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.