US Capital Advisors Estimates Targa Resources Q1 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Research analysts at US Capital Advisors upped their Q1 2026 earnings per share (EPS) estimates for Targa Resources in a note issued to investors on Monday, February 2nd. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $2.33 per share for the quarter, up from their prior estimate of $2.31. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2026 earnings at $9.44 EPS.

Several other research firms have also issued reports on TRGP. Weiss Ratings raised shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 29th. UBS Group reissued a “buy” rating on shares of Targa Resources in a report on Friday, January 9th. BMO Capital Markets boosted their price target on Targa Resources from $185.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Wells Fargo & Company increased their price objective on Targa Resources from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $266.00 price objective on shares of Targa Resources in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Targa Resources presently has an average rating of “Moderate Buy” and a consensus price target of $213.50.

Targa Resources Trading Up 0.3%

Shares of TRGP stock opened at $204.32 on Wednesday. The firm has a fifty day moving average of $184.50 and a 200-day moving average of $170.94. The stock has a market cap of $43.86 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 0.87 and a beta of 0.88. Targa Resources has a 52-week low of $144.14 and a 52-week high of $211.87. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.61 and a current ratio of 0.77.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.02). Targa Resources had a return on equity of 51.87% and a net margin of 9.35%.The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.70 billion.

Hedge Funds Weigh In On Targa Resources

Large investors have recently made changes to their positions in the company. Woodline Partners LP increased its position in Targa Resources by 40.7% in the first quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock worth $3,693,000 after purchasing an additional 5,327 shares during the period. Focus Partners Wealth boosted its stake in shares of Targa Resources by 157.4% in the 1st quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock valued at $788,000 after purchasing an additional 2,404 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Targa Resources by 0.8% during the 2nd quarter. QRG Capital Management Inc. now owns 9,296 shares of the pipeline company’s stock worth $1,618,000 after buying an additional 72 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of Targa Resources by 0.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 83,500 shares of the pipeline company’s stock worth $14,536,000 after buying an additional 400 shares during the period. Finally, Shell Asset Management Co. raised its stake in shares of Targa Resources by 18.9% during the second quarter. Shell Asset Management Co. now owns 7,696 shares of the pipeline company’s stock worth $1,340,000 after buying an additional 1,223 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Insider Buying and Selling

In other news, insider D. Scott Pryor sold 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $172.21, for a total transaction of $3,444,200.00. Following the sale, the insider directly owned 22,139 shares of the company’s stock, valued at $3,812,557.19. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gerald R. Shrader sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $181.21, for a total transaction of $498,327.50. Following the completion of the sale, the insider directly owned 29,561 shares of the company’s stock, valued at approximately $5,356,748.81. This represents a 8.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.34% of the stock is currently owned by corporate insiders.

Targa Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, January 30th. Targa Resources’s dividend payout ratio is presently 53.19%.

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.