Danske Bank A S Acquires New Position in Targa Resources, Inc. $TRGP

Danske Bank A S acquired a new stake in Targa Resources, Inc. (NYSE:TRGP) during the 2nd quarter, HoldingsChannel reports. The firm acquired 18,806 shares of the pipeline company’s stock, valued at approximately $5,043,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CoreCap Advisors LLC grew its holdings in shares of Targa Resources by 245.9% during the 2nd quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Targa Resources in the fourth quarter worth $27,000. Miller Capital Partners Inc. purchased a new stake in shares of Targa Resources during the fourth quarter worth $30,000. Global Assets Advisory LLC purchased a new stake in shares of Targa Resources during the first quarter worth $41,000. Finally, Leonteq Securities AG acquired a new stake in Targa Resources during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Targa Resources Price Performance

NYSE TRGP opened at $300.01 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01. The company has a fifty day simple moving average of $271.98 and a 200 day simple moving average of $254.10. The company has a market cap of $64.33 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.46 and a beta of 0.72. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $307.94.

Targa Resources (NYSE:TRGP) last posted its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.71. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. On average, sell-side analysts predict that Targa Resources, Inc. will post 11.05 EPS for the current year.

Targa Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, July 31st. Targa Resources’s dividend payout ratio (DPR) is currently 47.80%.

Analysts Set New Price Targets

A number of research analysts have commented on TRGP shares. US Capital Advisors downgraded Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, May 29th. UBS Group reiterated a “buy” rating and set a $318.00 price target on shares of Targa Resources in a report on Thursday, July 9th. Citigroup reissued a “buy” rating on shares of Targa Resources in a research note on Wednesday, May 27th. Erste Group Bank assumed coverage on Targa Resources in a report on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Targa Resources from $270.00 to $282.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Targa Resources currently has an average rating of “Buy” and an average target price of $297.18.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Long-term ExxonMobil contracts strengthen growth visibility. Targa secured 20-year, fee-based agreements with ExxonMobil covering the Permian Delaware and Midland basins. The arrangements support new processing and takeaway infrastructure through 2046, potentially improving cash-flow visibility and extending Targa’s Permian growth runway. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: Jefferies initiated or reiterated a Buy rating. The endorsement provides additional analyst support for TRGP’s long-term growth and infrastructure outlook. Targa Resources Gets a Buy from Jefferies
• Neutral Sentiment: Higher capital spending raises execution risk. The ExxonMobil-related infrastructure buildout could create meaningful future growth, but increased 2026 spending may pressure near-term free cash flow and heighten construction and execution demands. How Targa’s ExxonMobil Deal Could Extend Its Permian Growth Runway
• Negative Sentiment: US Capital Advisors reduced multiple EPS forecasts. The firm cut estimates for late 2026, all quarters of 2027, FY2027 EPS from $11.75 to $11.05, and FY2028 EPS from $13.42 to $12.73. Although it maintained a “Moderate Buy” rating, the revisions suggest expectations for slower earnings growth.
• Negative Sentiment: Premium valuation may limit upside. TRGP is trading close to its 52-week high following an approximately 85% rally, while heavy spending and potentially moderating marketing gains have raised questions about whether the current valuation fully reflects future growth. Targa Resources’ Stock Near 52-Week High

Targa Resources Company 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.