6,224 Shares in Targa Resources, Inc. $TRGP Purchased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC bought a new stake in Targa Resources, Inc. (NYSE:TRGP) in the second quarter, HoldingsChannel reports. The fund bought 6,224 shares of the pipeline company’s stock, valued at approximately $1,669,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRGP. CoreCap Advisors LLC increased its position 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 worth $34,000 after purchasing an additional 91 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Targa Resources in the fourth quarter valued at $27,000. Miller Capital Partners Inc. bought a new position in shares of Targa Resources in the fourth quarter valued at $30,000. Global Assets Advisory LLC acquired a new position in Targa Resources during the first quarter worth $41,000. Finally, Leonteq Securities AG acquired a new position in Targa Resources during the fourth quarter worth $31,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRGP. Wolfe Research set a $335.00 price objective on Targa Resources in a research note on Friday, August 7th. Jefferies Financial Group lifted their target price on Targa Resources from $324.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday. US Capital Advisors cut Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, May 29th. Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a report on Wednesday, May 27th. Finally, Erste Group Bank began coverage on shares of Targa Resources in a research report on Thursday, June 25th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $297.18.

More Targa Resources News

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 Price Performance

Shares of NYSE:TRGP opened at $300.01 on Friday. The firm has a 50 day moving average of $271.98 and a 200-day moving average of $254.10. The stock has a market capitalization of $64.33 billion, a PE ratio of 28.68, a PEG ratio of 1.46 and a beta of 0.72. 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 $144.14 and a 12 month high of $307.94.

Targa Resources (NYSE:TRGP) last released its quarterly earnings data on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 69.26% and a net margin of 13.55%. On average, equities research analysts predict that Targa Resources, Inc. will post 11.05 EPS for the current fiscal year.

Targa Resources Dividend Announcement

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

About Targa Resources

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.