ASR Vermogensbeheer N.V. Trims Holdings in Targa Resources, Inc. $TRGP

Key Points

• ASR Vermogensbeheer trimmed its stake in Targa Resources by 8.6%, selling 8,250 shares to hold 87,640 shares worth about $16.17 million per its latest 13F filing.
• Targa reported Q1 EPS of $2.21 and revenue of $4.09B that missed estimates, but net income rose to a record $480M and management raised its 2026 outlook while forecasting core profits above analyst expectations.
• The company boosted its quarterly dividend to $1.25 (a $5.00 annualized payout, ~2.0% yield), and analysts maintain a consensus "Moderate Buy" with an average price target near $259.93.

ASR Vermogensbeheer N.V. lowered its stake in shares of Targa Resources, Inc. (NYSE:TRGP - Free Report) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,640 shares of the pipeline company's stock after selling 8,250 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Targa Resources were worth $16,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Targa Resources by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,382,289 shares of the pipeline company's stock worth $4,755,169,000 after purchasing an additional 422,075 shares during the last quarter. Wellington Management Group LLP grew its stake in Targa Resources by 9.0% in the third quarter. Wellington Management Group LLP now owns 19,643,139 shares of the pipeline company's stock worth $3,291,012,000 after purchasing an additional 1,620,253 shares in the last quarter. UBS Group AG grew its stake in Targa Resources by 9.9% in the third quarter. UBS Group AG now owns 2,360,311 shares of the pipeline company's stock worth $395,447,000 after purchasing an additional 212,887 shares in the last quarter. Northern Trust Corp increased its holdings in Targa Resources by 4.1% in the third quarter. Northern Trust Corp now owns 2,175,544 shares of the pipeline company's stock valued at $364,491,000 after buying an additional 84,757 shares during the last quarter. Finally, Chickasaw Capital Management LLC increased its holdings in Targa Resources by 0.5% in the fourth quarter. Chickasaw Capital Management LLC now owns 1,834,117 shares of the pipeline company's stock valued at $338,395,000 after buying an additional 8,559 shares during the last quarter. Institutional investors own 92.13% of the company's stock.

Targa Resources Trading Up 1.2%

Shares of NYSE TRGP opened at $252.56 on Friday. Targa Resources, Inc. has a 12-month low of $144.14 and a 12-month high of $261.95. The company has a market cap of $54.25 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.61 and a beta of 0.75. 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's 50 day simple moving average is $242.08 and its 200 day simple moving average is $204.25.

Targa Resources (NYSE:TRGP - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The pipeline company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.27). The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.68 billion. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%. Equities research analysts expect that Targa Resources, Inc. will post 10.32 EPS for the current year.

Targa Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 30th. This is an increase from Targa Resources's previous quarterly dividend of $1.00. Targa Resources's dividend payout ratio is 58.21%.

Analysts Set New Price Targets

TRGP has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their target price on Targa Resources from $260.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, April 13th. Seaport Research Partners reiterated a "neutral" rating on shares of Targa Resources in a report on Monday. Barclays upped their price target on Targa Resources from $226.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, April 7th. Wells Fargo & Company raised their price objective on Targa Resources from $248.00 to $264.00 and gave the stock an "overweight" rating in a research note on Friday, March 13th. Finally, TD Cowen lifted their price objective on shares of Targa Resources from $192.00 to $220.00 and gave the stock a "hold" rating in a report on Monday, February 23rd. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Targa Resources presently has a consensus rating of "Moderate Buy" and an average target price of $259.93.

Targa Resources News Summary

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

• Positive Sentiment: Company reported record Q1 results: net income attributable to Targa rose to $480M vs $271M a year earlier, and management raised the company’s 2026 financial outlook — a headline that supports investor confidence. Read More.
• Positive Sentiment: Management forecasts adjusted core profit (core EBITDA/adjusted metrics) above analysts’ expectations, citing higher natural gas liquids transport and increased gas volumes — volume-driven guidance is a positive fundamental driver. Read More.
• Positive Sentiment: Management struck an upbeat tone on the earnings call and reiterated the stronger 2026 outlook, which helped offset headline misses and supports near-term sentiment. Read More.
• Neutral Sentiment: Zacks highlights TRGP as an attractive dividend stock for income investors — this can support the share price over time but is not an immediate price catalyst. Read More.
• Neutral Sentiment: The full Q1 earnings call transcript is available for investors who want management detail on volumes, capital allocation and outlook assumptions. Read More.
• Negative Sentiment: Reported Q1 EPS and revenue missed consensus — EPS came in around $2.21–$2.23 vs. ~ $2.55 expected and revenue was below estimates (~$4.09B reported vs higher forecasts). Those misses are a near-term negative that can weigh on traders focused on quarter-over-quarter beats. Read More.

Insider Activity at Targa Resources

In related news, insider D. Scott Pryor sold 17,500 shares of Targa Resources stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $228.92, for a total transaction of $4,006,100.00. Following the transaction, the insider directly owned 31,938 shares of the company's stock, valued at $7,311,246.96. The trade was a 35.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick J. Mcdonie sold 31,537 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $239.36, for a total transaction of $7,548,696.32. Following the transaction, the insider owned 305,163 shares of the company's stock, valued at approximately $73,043,815.68. This trade represents a 9.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 104,929 shares of company stock worth $24,692,134 in the last quarter. Company insiders own 1.37% of the company's stock.

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.

Want to see what other hedge funds are holding TRGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Targa Resources, Inc. (NYSE:TRGP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.