Targa Resources (TRGP) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRGP shares.
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12 analysts have issued 12-month price targets for Targa Resources' shares. Their TRGP share price targets range from $100.00 to $130.00. On average, they predict the company's stock price to reach $116.82 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
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Targa Resources' stock was trading at $86.87 at the beginning of the year. Since then, TRGP stock has increased by 31.6% and is now trading at $114.34.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Targa Resources will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Targa Resources Corp. (NYSE:TRGP) released its quarterly earnings results on Thursday, February, 15th. The pipeline company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.49 by $0.26. The pipeline company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.50 billion. Targa Resources had a net margin of 5.20% and a trailing twelve-month return on equity of 18.64%.

Targa Resources announced a quarterly dividend on Thursday, April 11th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.75 per share on Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, April 29th. This is an increase from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for TRGP.

Targa Resources (NYSE:TRGP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.74%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRGP will have a dividend payout ratio of 29.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRGP.

ETFs with the largest weight of Targa Resources (NYSE:TRGP) stock in their portfolio include Goldman Sachs ETF Trust Goldman (GPOW), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE) and Pacer American Energy Independence ETF (USAI).

22 employees have rated Targa Resources Chief Executive Officer Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among the company's employees. This puts Joe Bob Perkins in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Targa Resources investors own include Energy Transfer (ET), Government Properties Income Trust (GOV), Esperion Therapeutics (ESPR), Enterprise Products Partners (EPD), AT&T (T), Targa Resources Partners (NGLS.PA), Phillips 66 (PSX), New Residential Investment (NRZ), ALDW (ALDW) and Intel (INTC).

Targa Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (1.00%), Los Angeles Capital Management LLC (0.19%), Miller Howard Investments Inc. NY (0.14%), Gateway Investment Advisers LLC (0.06%), Portman Square Capital LLP (0.00%) and Czech National Bank (0.02%). Insiders that own company stock include Charles R Crisp, Chris Tong, D Scott Pryor, G Clark White, Jennifer R Kneale, Joe Bob Perkins, Julie H Boushka, Paul W Chung, Regina Gregory, Rene R Joyce and Robert Muraro.
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Shares of TRGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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