Targa Resources (NYSE:TRGP) Price Target Raised to $280.00 at UBS Group

Targa Resources (NYSE:TRGP) had its target price increased by UBS Group from $228.00 to $280.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the pipeline company’s stock.

Several other research firms have also recently weighed in on TRGP. Truist Financial started coverage on Targa Resources in a research note on Tuesday. They issued a “buy” rating and a $279.00 price target for the company. Morgan Stanley increased their price objective on Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Scotiabank reiterated an “outperform” rating on shares of Targa Resources in a report on Tuesday, February 24th. Barclays reissued an “overweight” rating and issued a $226.00 target price on shares of Targa Resources in a research report on Friday, February 20th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $242.00 target price on shares of Targa Resources in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $252.57.

Targa Resources Trading Up 2.7%

NYSE:TRGP opened at $246.39 on Tuesday. The stock has a market cap of $52.96 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.57 and a beta of 0.84. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 5.21. The company’s 50 day moving average price is $219.25 and its 200-day moving average price is $186.95. Targa Resources has a 52 week low of $144.14 and a 52 week high of $250.00.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings data 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. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.12 billion. On average, equities research analysts forecast that Targa Resources will post 8.15 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, January 30th. Targa Resources’s dividend payout ratio (DPR) is currently 46.57%.

Insider Buying and Selling at Targa Resources

In other Targa Resources news, Director Lindsey Cooksen sold 435 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $231.72, for a total transaction of $100,798.20. Following the completion of the sale, the director owned 11,670 shares of the company’s stock, valued at approximately $2,704,172.40. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Muraro sold 24,589 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $241.34, for a total value of $5,934,309.26. Following the completion of the sale, the insider owned 197,401 shares of the company’s stock, valued at approximately $47,640,757.34. The trade was a 11.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,929 shares of company stock valued at $24,692,134 in the last ninety days. 1.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Targa Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRGP. Hsbc Holdings PLC lifted its holdings in Targa Resources by 7.0% during the fourth quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock valued at $151,331,000 after purchasing an additional 53,413 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Targa Resources by 11.1% in the fourth quarter. Corient Private Wealth LLC now owns 38,525 shares of the pipeline company’s stock worth $7,108,000 after purchasing an additional 3,847 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Targa Resources in the fourth quarter worth $52,000. Beacon Pointe Advisors LLC increased its stake in shares of Targa Resources by 104.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 3,022 shares of the pipeline company’s stock worth $557,000 after purchasing an additional 1,542 shares in the last quarter. Finally, CacheTech Inc. bought a new stake in shares of Targa Resources during the 4th quarter valued at $214,000. Institutional investors own 92.13% of the company’s stock.

Key Targa Resources News

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a Buy rating, signaling stronger upside and supporting the stock rally. Article Title
• Positive Sentiment: Truist initiated coverage with a Buy rating and a $279 target, backing the bullish momentum from institutional research and likely contributing to today’s buying interest. Article Title
• Positive Sentiment: US Capital Advisors raised its Q1 2026 EPS estimate to $2.41 (up from $2.33), a near‑term beat that supports visible earnings strength for the next reported quarter. Article Title
• Neutral Sentiment: US Capital Advisors published a full set of quarterly/annual forecasts (Q1–Q4 2026 and Q1–Q3 2027); the note provides updated guidance that traders can use to model near‑term cash flow and FY2027 expectations. The firm’s FY2027 projection of $10.09 is well above current consensus, making it useful (but not definitive) for valuation debates. Article Title
• Negative Sentiment: Offsetting the positives, US Capital Advisors trimmed several 2026 quarter estimates (Q3 2026 to $2.30 from $2.33; Q4 2026 to $2.50 from $2.56) and lowered its FY2027 forecast (to $10.09 from $10.35), which introduces some downward pressure on near‑term growth expectations. Article Title

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.