22,569 Shares in Targa Resources, Inc. $TRGP Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG bought 22,569 Targa Resources shares worth approximately $6.05 million in the second quarter, while institutional investors collectively own 92.13% of the company.
• Targa secured 20-year, fee-based agreements with ExxonMobil covering the Permian Delaware and Midland basins, supporting infrastructure expansion and longer-term cash-flow visibility through 2046.
• TRGP recently reported adjusted EPS of $3.54, exceeding estimates of $2.83, but analysts cite elevated capital spending, revised-down earnings forecasts and a premium valuation near its 52-week high as potential risks.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Targa Resources, Inc. (NYSE:TRGP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,569 shares of the pipeline company's stock, valued at approximately $6,051,000.

Several other large investors have also recently bought and sold shares of TRGP. Atlantic Union Bankshares Corp purchased a new stake in Targa Resources in the 4th quarter valued at $27,000. Miller Capital Partners Inc. purchased a new stake in shares of Targa Resources during the 4th quarter worth $30,000. Leonteq Securities AG acquired a new stake in shares of Targa Resources during the 4th quarter valued at approximately $31,000. CoreCap Advisors LLC grew its holdings in Targa Resources by 245.9% in the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company's stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in Targa Resources in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

Targa Resources News Roundup

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 Stock Performance

Shares of TRGP opened at $300.01 on Friday. The company has a market cap of $64.33 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72. The firm has a fifty day moving average of $271.98 and a 200-day moving average of $254.10. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $307.94. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77.

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

Targa Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given 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 payout ratio is currently 47.80%.

Analyst Ratings Changes

TRGP has been the topic of a number of analyst reports. Morgan Stanley increased their target price on Targa Resources from $333.00 to $343.00 and gave the company an "overweight" rating in a report on Tuesday. Truist Financial lifted their price objective on Targa Resources from $289.00 to $312.00 and gave the stock a "buy" rating in a research report on Wednesday, July 15th. US Capital Advisors cut shares of Targa Resources from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, May 29th. Stifel Nicolaus set a $268.00 price target on shares of Targa Resources in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Targa Resources from $310.00 to $312.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $297.18.

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.

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