Encore Global Management LP Purchases Shares of 2,000 Targa Resources, Inc. $TRGP

Encore Global Management LP purchased a new stake in Targa Resources, Inc. (NYSE:TRGP) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,000 shares of the pipeline company’s stock, valued at approximately $536,000.

Several other large investors also recently made changes to their positions in TRGP. CoreCap Advisors LLC lifted its position in Targa Resources by 245.9% in 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. Virtus Advisers LLC acquired a new position in Targa Resources in the 2nd quarter worth $35,000. Atlantic Union Bankshares Corp bought a new position in Targa Resources during the 4th quarter worth about $27,000. Miller Capital Partners Inc. bought a new position in Targa Resources during the 4th quarter worth about $30,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Targa Resources in the 1st quarter valued at about $41,000. Institutional investors own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

TRGP has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Targa Resources in a report on Thursday, July 2nd. Raymond James Financial set a $335.00 price objective on Targa Resources in a report on Friday, August 7th. Wells Fargo & Company lifted their target price on Targa Resources from $270.00 to $282.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Truist Financial upped their price target on Targa Resources from $289.00 to $312.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a research report on Wednesday, May 27th. One equities 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 stock. Based on data from MarketBeat, Targa Resources presently has a consensus rating of “Buy” and an average target price of $297.18.

Targa Resources News Roundup

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 Stock Performance

TRGP opened at $300.01 on Friday. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $307.94. The firm 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 debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77. The business’s 50-day simple moving average is $271.98 and its 200 day simple moving average is $254.10.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. As a group, sell-side analysts expect that Targa Resources, Inc. will post 11.05 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $1.25 per share. The ex-dividend date was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio is currently 47.80%.

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.