18,806 Shares in Targa Resources, Inc. $TRGP Acquired by Danske Bank A S

Danske Bank A S bought a new stake in Targa Resources, Inc. (NYSE:TRGP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,806 shares of the pipeline company's stock, valued at approximately $5,043,000.

Other institutional investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in shares of Targa Resources during the fourth quarter valued at about $27,000. Miller Capital Partners Inc. bought a new stake in shares of Targa Resources during the 4th quarter worth about $30,000. Leonteq Securities AG bought a new stake in shares of Targa Resources during the 4th quarter worth about $31,000. CoreCap Advisors LLC lifted its stake in shares of Targa Resources by 245.9% in the 2nd quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company's stock worth $34,000 after acquiring an additional 91 shares during the period. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Targa Resources in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 92.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRGP shares. Morgan Stanley boosted their target price on Targa Resources from $333.00 to $343.00 and gave the stock an "overweight" rating in a report on Tuesday. Scotiabank raised their target price on Targa Resources from $249.00 to $257.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. Jefferies Financial Group boosted their price target on shares of Targa Resources from $324.00 to $345.00 and gave the stock a "buy" rating in a research report on Tuesday. Erste Group Bank initiated coverage on shares of Targa Resources in a report on Thursday, June 25th. They issued a "buy" rating for the company. Finally, Wolfe Research set a $335.00 target price on shares of Targa Resources in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Targa Resources currently has an average rating of "Buy" and an average price target of $297.18.

Targa Resources Price Performance

Shares of NYSE:TRGP opened at $300.01 on Friday. The company's fifty day moving average is $271.98 and its two-hundred day moving average is $254.10. The company has a market cap of $64.33 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72. Targa Resources, Inc. has a 12-month low of $144.14 and a 12-month high of $307.94. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01.

Targa Resources (NYSE:TRGP - Get Free Report) last issued its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, topping the consensus estimate of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%.The business had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.90 billion. Equities analysts expect that Targa Resources, Inc. will post 11.05 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 31st. Targa Resources's dividend payout ratio is currently 47.80%.

Key Headlines Impacting Targa Resources

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

• Positive Sentiment: Long-term ExxonMobil contracts strengthen growth visibility. Targa secured 20-year, fee-based agreements with ExxonMobil covering the Permian Delaware and Midland basins. The arrangements support new processing and takeaway infrastructure through 2046, potentially improving cash-flow visibility and extending Targa’s Permian growth runway. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: Jefferies initiated or reiterated a Buy rating. The endorsement provides additional analyst support for TRGP’s long-term growth and infrastructure outlook. Targa Resources Gets a Buy from Jefferies
• Neutral Sentiment: Higher capital spending raises execution risk. The ExxonMobil-related infrastructure buildout could create meaningful future growth, but increased 2026 spending may pressure near-term free cash flow and heighten construction and execution demands. How Targa's ExxonMobil Deal Could Extend Its Permian Growth Runway
• Negative Sentiment: US Capital Advisors reduced multiple EPS forecasts. The firm cut estimates for late 2026, all quarters of 2027, FY2027 EPS from $11.75 to $11.05, and FY2028 EPS from $13.42 to $12.73. Although it maintained a “Moderate Buy” rating, the revisions suggest expectations for slower earnings growth.
• Negative Sentiment: Premium valuation may limit upside. TRGP is trading close to its 52-week high following an approximately 85% rally, while heavy spending and potentially moderating marketing gains have raised questions about whether the current valuation fully reflects future growth. Targa Resources' Stock Near 52-Week High

Targa Resources 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.

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