Hsbc Holdings PLC Makes New Investment in Targa Resources, Inc. $TRGP

Hsbc Holdings PLC bought a new stake in Targa Resources, Inc. (NYSE:TRGP - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,020,283 shares of the pipeline company's stock, valued at approximately $274,660,000. Hsbc Holdings PLC owned approximately 0.48% of Targa Resources at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TRGP. PNC Financial Services Group Inc. grew its holdings in Targa Resources by 57.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,805 shares of the pipeline company's stock valued at $6,421,000 after purchasing an additional 12,640 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of Targa Resources by 37.3% during the 1st quarter. Miller Howard Investments Inc. NY now owns 230,592 shares of the pipeline company's stock worth $57,816,000 after buying an additional 62,652 shares during the last quarter. Raiffeisen Bank International AG boosted its position in shares of Targa Resources by 164.1% in the 4th quarter. Raiffeisen Bank International AG now owns 33,641 shares of the pipeline company's stock worth $6,245,000 after buying an additional 20,905 shares in the last quarter. Icon Wealth Advisors LLC grew its stake in Targa Resources by 24.0% in the 4th quarter. Icon Wealth Advisors LLC now owns 19,649 shares of the pipeline company's stock valued at $3,625,000 after acquiring an additional 3,797 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Targa Resources by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 5,867,345 shares of the pipeline company's stock valued at $1,078,497,000 after acquiring an additional 45,495 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company's stock.

Insider Buying and Selling

In other Targa Resources news, Director Waters S. Iv Davis sold 2,400 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the transaction, the director owned 1,529 shares of the company's stock, valued at $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen increased their price target on shares of Targa Resources from $270.00 to $275.00 and gave the company a "hold" rating in a research report on Friday, August 7th. US Capital Advisors cut Targa Resources from a "strong-buy" rating to a "moderate buy" rating in a report on Friday, May 29th. Truist Financial boosted their price target on Targa Resources from $289.00 to $312.00 and gave the stock a "buy" rating in a report on Wednesday, July 15th. Seaport Research Partners restated a "neutral" rating on shares of Targa Resources in a research report on Monday, May 4th. Finally, Mizuho lifted their price objective on Targa Resources from $260.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given 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 Price Performance

Shares of NYSE:TRGP opened at $287.10 on Wednesday. The company has a market cap of $61.56 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.41 and a beta of 0.72. The business has a fifty day simple moving average of $273.17 and a 200-day simple moving average of $255.72. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week 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 quarterly 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%. Equities research analysts forecast that Targa Resources, Inc. will post 11.13 EPS for the current year.

Targa Resources Dividend Announcement

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

Targa Resources News Roundup

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

• Positive Sentiment: Targa appointed longtime midstream executive Brent Secrest as President of Logistics and Transportation and promoted Benjamin Branstetter to CFO, effective September 1. Secrest brings more than 20 years of industry experience, while Branstetter’s internal promotion supports operational and strategic continuity. Outgoing CFO William Byers will remain an adviser through year-end 2026 to facilitate the transition. Targa leadership announcement
• Positive Sentiment: Recent operating momentum remains supportive: Targa reported record second-quarter results, including adjusted EPS of $3.54 versus the $2.83 consensus estimate. The company also recently expanded 20-year ExxonMobil-linked Permian agreements and announced three gas-processing plants, a pipeline project and approximately $5.0 billion in 2026 net growth capital. Strong midstream earnings outlook
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 546 investors added shares while 490 reduced holdings. Analysts’ median price target is $275, below the recent trading level, although several targets remain above $300, indicating divided valuation expectations.
• Negative Sentiment: Investors may be applying a discount for leadership uncertainty following Byers’ retirement and the relatively rapid reassignment of Branstetter after his recent move into the logistics role. The change is planned and includes an advisory handoff, but CFO transitions can still increase concerns about execution and capital allocation.
• Negative Sentiment: Sharp declines in crude prices on August 25 likely pressured energy shares broadly, including midstream companies, despite Targa’s largely fee-based business model. The stock also faces a cautionary insider-trading signal: reported open-market transactions over the past six months show sales and no purchases, including a director’s sale of 2,400 shares. Targa insider transaction

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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