Targa Resources (NYSE:TRGP) Now Covered by Analysts at Truist Financial

Truist Financial began coverage on shares of Targa Resources (NYSE:TRGP) in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $279.00 price objective on the pipeline company’s stock.

A number of other equities analysts also recently commented on TRGP. Citigroup boosted their price objective on Targa Resources from $200.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. UBS Group reiterated a “buy” rating on shares of Targa Resources in a research note on Friday, January 9th. Royal Bank Of Canada boosted their price target on shares of Targa Resources from $218.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 price objective on shares of Targa Resources in a research report on Friday, February 20th. Finally, Barclays restated an “overweight” rating and issued a $226.00 price objective on shares of Targa Resources in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.57.

Targa Resources Trading Up 2.7%

NYSE:TRGP opened at $246.39 on Tuesday. Targa Resources has a 12-month low of $144.14 and a 12-month high of $250.00. The firm has a market cap of $52.96 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21. The stock has a fifty day moving average price of $219.25 and a 200 day moving average price of $186.95.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.16. The company 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 65.48% and a net margin of 10.88%. Sell-side analysts anticipate that Targa Resources will post 8.15 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, January 30th. This represents a $4.00 annualized dividend and a yield of 1.6%. Targa Resources’s payout ratio is presently 46.57%.

Insider Transactions at Targa Resources

In other news, insider Robert Muraro sold 24,589 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $241.34, for a total transaction of $5,934,309.26. Following the completion of the sale, the insider owned 197,401 shares in the company, valued at approximately $47,640,757.34. The trade was a 11.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles R. Crisp sold 1,359 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total transaction of $311,618.70. Following the completion of the transaction, the director owned 77,094 shares of the company’s stock, valued at approximately $17,677,654.20. The trade was a 1.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 104,929 shares of company stock valued at $24,692,134 over the last three months. 1.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Targa Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in Targa Resources by 7.0% in the fourth quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock valued at $151,331,000 after acquiring an additional 53,413 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Targa Resources by 11.1% during 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 last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of Targa Resources during the fourth quarter worth about $52,000. Beacon Pointe Advisors LLC increased its position in shares of Targa Resources by 104.2% during 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. purchased a new stake in shares of Targa Resources in the 4th quarter valued at about $214,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Targa Resources

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

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.