Royal Bank of Canada Has $153.29 Million Stock Position in Targa Resources, Inc. $TRGP

Royal Bank of Canada grew its position in Targa Resources, Inc. (NYSE:TRGP) by 59.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 611,375 shares of the pipeline company’s stock after acquiring an additional 227,075 shares during the quarter. Royal Bank of Canada’s holdings in Targa Resources were worth $153,291,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Targa Resources during the fourth quarter valued at approximately $735,758,000. Goldman Sachs Group Inc. lifted its position in Targa Resources by 48.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company’s stock worth $607,023,000 after purchasing an additional 1,075,246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Targa Resources during the third quarter worth $121,426,000. Tortoise Capital Advisors L.L.C. boosted its stake in Targa Resources by 20.3% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 3,389,006 shares of the pipeline company’s stock worth $625,272,000 after buying an additional 572,562 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Targa Resources by 1,811.0% in the 4th quarter. UniSuper Management Pty Ltd now owns 444,335 shares of the pipeline company’s stock valued at $81,980,000 after buying an additional 421,084 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRGP. Barclays increased their price objective on shares of Targa Resources from $270.00 to $282.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Citigroup reissued a “buy” rating on shares of Targa Resources in a research note on Wednesday, May 27th. UBS Group reissued a “buy” rating and issued a $318.00 price target on shares of Targa Resources in a research report on Thursday, July 9th. TD Cowen raised their price target on shares of Targa Resources from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $310.00 price objective on shares of Targa Resources in a report on Tuesday, July 21st. Seventeen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $288.00.

Targa Resources Stock Up 1.4%

Shares of NYSE TRGP opened at $268.44 on Friday. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $291.04. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.62 and a current ratio of 0.72. The business has a fifty day moving average of $269.28 and a two-hundred day moving average of $244.91. The stock has a market cap of $57.62 billion, a PE ratio of 27.14, a PEG ratio of 1.35 and a beta of 0.71.

Targa Resources (NYSE:TRGP) last posted its earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.27). The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.68 billion. Targa Resources had a return on equity of 71.00% and a net margin of 12.87%. As a group, equities research analysts expect that Targa Resources, Inc. will post 10.8 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a $1.25 dividend. The ex-dividend date is Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. Targa Resources’s payout ratio is 50.56%.

Insiders Place Their Bets

In other Targa Resources news, Director Charles R. Crisp sold 10,602 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the sale, the director directly owned 66,492 shares of the company’s stock, valued at approximately $17,019,292.32. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.37% of the company’s stock.

Targa Resources News Summary

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

• Positive Sentiment: US Capital Advisors raised its Q2 2026 EPS forecast for Targa Resources to $2.75 from $2.53 and maintained a “Moderate Buy” rating. The revision signals greater confidence in the company’s near-term operating performance. MarketBeat analyst estimate update
• Positive Sentiment: US Capital Advisors also increased its FY2026 EPS forecast to $10.24 from $10.18, while Erste Group Bank raised its estimate to $10.94 from $10.80 and reiterated a “Buy” rating. The upward revisions reinforce the view that earnings momentum may be improving. MarketBeat earnings estimate revisions
• Positive Sentiment: Zacks expects Targa Resources to beat consensus estimates when it reports second-quarter results, citing favorable earnings-surprise indicators. Investors are focused on whether the company can exceed the expected $2.75-per-share result. Targa Resources expected earnings beat
• Neutral Sentiment: Targa Resources is scheduled to release its quarterly earnings on Thursday, making the upcoming report the primary near-term catalyst for TRGP. The stock carries a consensus “Moderate Buy” rating, although its valuation and elevated leverage could magnify volatility if results disappoint. Targa Resources earnings release schedule

Targa Resources Profile

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.