Targa Resources, Inc. $TRGP Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in Targa Resources, Inc. (NYSE:TRGP) by 39.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,744 shares of the pipeline company’s stock after selling 77,604 shares during the period. Citigroup Inc. owned 0.06% of Targa Resources worth $19,894,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TRGP. Peoples Financial Services CORP. acquired a new stake in Targa Resources during the third quarter worth $34,000. Root Financial Partners LLC purchased a new position in shares of Targa Resources during the 3rd quarter worth $39,000. Avion Wealth increased its position in shares of Targa Resources by 475.0% during the 3rd quarter. Avion Wealth now owns 276 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 228 shares during the last quarter. First Horizon Corp purchased a new stake in Targa Resources in the 3rd quarter valued at about $47,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Targa Resources in the second quarter valued at about $53,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRGP has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Targa Resources from $213.00 to $243.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Citigroup boosted their target price on Targa Resources from $200.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings upgraded Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. Wall Street Zen cut Targa Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barclays reiterated an “overweight” rating and issued a $226.00 price objective on shares of Targa Resources in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.50.

Targa Resources Stock Up 0.5%

Targa Resources stock opened at $231.20 on Friday. The firm has a market capitalization of $49.70 billion, a P/E ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.88. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21. Targa Resources, Inc. has a twelve month low of $144.14 and a twelve month high of $234.41. The stock’s fifty day simple moving average is $198.60 and its 200-day simple moving average is $177.35.

Targa Resources (NYSE:TRGP) last released its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%.The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.12 billion. As a group, equities analysts expect that Targa Resources, Inc. will post 8.15 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s payout ratio is currently 46.57%.

Targa Resources News Roundup

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

• Positive Sentiment: Multiple analyst upgrades and a higher price target (Citi raised its target to $262 from $200) — these upgrades lift investor expectations and help push the stock higher. Citi raises TRGP price target
• Positive Sentiment: Targa announced a 25% dividend hike and is advancing Permian buildout plans — the larger payout and growth investment reframe the company toward income + growth, attracting yield‑oriented and growth investors. Dividend hike and Permian buildout
• Positive Sentiment: Q4 results showed an EPS beat ($2.51 vs. $2.35 consensus) despite a slight revenue miss — earnings upside supports valuation and analyst optimism. Quarterly results summary
• Neutral Sentiment: Targa priced a $1.5 billion senior notes offering: $750M 4.350% due 2031 and $750M 6.050% due 2056 (expected close March 2). This secures long‑dated financing and liquidity for growth/refinancing but increases gross debt on a company that already runs high leverage, making the net impact mixed. Senior notes offering details
• Negative Sentiment: Insider selling by senior managers: President Jennifer Kneale sold ~29,509 shares (~11.15% reduction) and Director Charles Crisp sold 1,359 shares — material insider sales can signal near‑term liquidity/tax actions but are often interpreted negatively by the market. Insider selling details

Insider Buying and Selling

In related news, insider Gerald R. Shrader sold 2,750 shares of Targa Resources stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $181.21, for a total value of $498,327.50. Following the completion of the transaction, the insider owned 29,561 shares in the company, valued at $5,356,748.81. The trade was a 8.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Jennifer R. Kneale sold 29,509 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $230.12, for a total transaction of $6,790,611.08. Following the transaction, the president owned 235,260 shares of the company’s stock, valued at $54,138,031.20. This trade represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 33,618 shares of company stock worth $7,600,557. Company insiders own 1.34% of the company’s stock.

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.