Wells Fargo & Company Forecasts Strong Price Appreciation for Targa Resources (NYSE:TRGP) Stock

Targa Resources (NYSE:TRGP) had its target price boosted by analysts at Wells Fargo & Company from $207.00 to $248.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the pipeline company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.38% from the company’s current price.

A number of other brokerages have also weighed in on TRGP. Scotiabank reaffirmed an “outperform” rating and set a $224.00 target price on shares of Targa Resources in a research report on Friday, January 16th. Weiss Ratings upgraded shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating and set a $241.00 price objective on shares of Targa Resources in a report on Friday. Stifel Nicolaus lifted their price objective on shares of Targa Resources from $213.00 to $243.00 and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada boosted their target price on shares of Targa Resources from $213.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Targa Resources presently has an average rating of “Moderate Buy” and an average target price of $227.29.

Targa Resources Price Performance

TRGP stock opened at $230.96 on Friday. The company has a debt-to-equity ratio of 5.91, a current ratio of 0.77 and a quick ratio of 0.61. The company’s 50-day moving average is $194.48 and its 200-day moving average is $175.58. The stock has a market capitalization of $49.58 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88. Targa Resources has a 1 year low of $144.14 and a 1 year high of $232.86.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.12 billion. Targa Resources had a return on equity of 68.46% and a net margin of 10.88%. Equities research analysts expect that Targa Resources will post 8.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Targa Resources 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 transaction of $498,327.50. Following the transaction, the insider owned 29,561 shares of the company’s stock, valued at $5,356,748.81. This trade represents a 8.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.34% of the company’s stock.

Institutional Trading of Targa Resources

A number of institutional investors and hedge funds have recently modified their holdings of TRGP. Hantz Financial Services Inc. boosted its position in Targa Resources by 10.5% in the fourth quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company’s stock worth $97,000 after purchasing an additional 50 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Targa Resources by 0.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,455 shares of the pipeline company’s stock worth $1,376,000 after purchasing an additional 51 shares during the period. First Horizon Corp boosted its holdings in shares of Targa Resources by 20.1% in the 4th quarter. First Horizon Corp now owns 340 shares of the pipeline company’s stock worth $63,000 after buying an additional 57 shares during the last quarter. Larson Financial Group LLC grew its position in Targa Resources by 4.1% during the third quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock valued at $253,000 after buying an additional 60 shares during the period. Finally, Equitable Holdings Inc. grew its position in Targa Resources by 3.6% during the third quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock valued at $287,000 after buying an additional 60 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

More Targa Resources News

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

• Positive Sentiment: Q4 EPS beat expectations — TRGP reported $2.51 EPS vs. consensus $2.35, and management highlighted record fourth-quarter and full‑year 2025 results; positive earnings surprise and record results support the rally. MarketBeat Earnings
• Positive Sentiment: Broker upgrade and big price-target lift — Wells Fargo moved TRGP to “Overweight” and raised its target from $207 to $248 (now implying additional upside), which likely boosted buying interest. Benzinga
• Positive Sentiment: Operational strength — Reuters and company releases cited higher gas and NGL transport volumes and beat on adjusted core profit, supporting forward growth expectations. Reuters
• Positive Sentiment: Record results and dividend increase — Company press release and coverage note record 2025 results and a dividend hike, which can attract income and quality-oriented investors. GlobeNewswire Results
• Neutral Sentiment: SEC filing available — TRGP filed its Form 10‑K for 2025; important for due diligence but not a near‑term catalyst by itself. Form 10-K
• Neutral Sentiment: Earnings materials and call transcripts published — Slide deck, press release and call transcript are available for investors to review guidance and management commentary (useful for due diligence). Press Release / Slides Earnings Transcript
• Neutral Sentiment: Analyst writeups and metrics reviews — Coverage from Zacks and others digs into key metrics versus estimates; useful context but typically less immediate market-moving power than the above items. Zacks Analysis
• Negative Sentiment: Revenue slightly missed estimates — Q4 revenue came in a bit below consensus ($4.06B vs. ~$4.12B), which tempers the beat and is the main negative data point investors should monitor. Investing.com

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.