Erste Group Bank Comments on Targa Resources FY2026 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Investment analysts at Erste Group Bank lifted their FY2026 earnings estimates for Targa Resources in a report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the pipeline company will post earnings of $11.19 per share for the year, up from their previous estimate of $10.94. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $11.23 per share.

TRGP has been the subject of a number of other research reports. US Capital Advisors downgraded shares of Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, May 29th. Wells Fargo & Company boosted their price objective on Targa Resources from $270.00 to $282.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. UBS Group restated a “buy” rating and set a $318.00 price objective on shares of Targa Resources in a research report on Thursday, July 9th. Morgan Stanley raised their price objective on Targa Resources from $333.00 to $343.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Finally, Wolfe Research set a $335.00 target price on Targa Resources in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Targa Resources currently has a consensus rating of “Buy” and an average price target of $298.71.

Targa Resources Stock Performance

Targa Resources stock opened at $295.82 on Monday. The company’s 50-day moving average price is $276.21 and its 200-day moving average price is $258.45. Targa Resources has a twelve month low of $144.14 and a twelve month high of $307.94. 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 company has a market cap of $63.43 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.40 and a beta of 0.72.

Targa Resources (NYSE:TRGP) last released its quarterly earnings data on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.90 billion.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $1.25 per share. 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 presently 47.80%.

Insider Transactions at Targa Resources

In other Targa Resources news, Director Charles R. Crisp sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the completion of the transaction, the director owned 62,292 shares in the company, valued at $18,079,007.16. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Waters S. Iv Davis sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were 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 approximately $458,195.43. This represents a 61.08% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Targa Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new stake in Targa Resources in the fourth quarter worth $27,000. First Eagle Investment Management LLC lifted its position in shares of Targa Resources by 381.0% during the second quarter. First Eagle Investment Management LLC now owns 101 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 80 shares during the last quarter. Miller Capital Partners Inc. bought a new stake in shares of Targa Resources during the fourth quarter worth $30,000. Leonteq Securities AG purchased a new stake in shares of Targa Resources during the fourth quarter valued at $31,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Targa Resources during the second quarter valued at $32,000. 92.13% of the stock is owned by institutional investors.

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.