Mitsubishi UFJ Asset Management Co. Ltd. Purchases 24,019 Shares of Targa Resources, Inc. $TRGP

Key Points

• Mitsubishi UFJ Asset Management bought 24,019 shares of Targa Resources, increasing its stake to 452,814 shares (about 0.21%) valued at roughly $84.57 million, and institutional investors now own 92.13% of the company.
• Targa's Q1 results missed consensus (EPS ~ $2.21 vs. ~$2.48–$2.55 and revenue $4.09B below estimates) but the company reported record Q1 net income and raised its 2026 outlook, citing higher NGL transport and gas volumes.
• Analysts are largely positive—MarketBeat shows a Moderate Buy consensus with a $259.93 target—and the company raised its quarterly dividend to $1.25 (annualized $5.00, ~2.0% yield).

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Targa Resources, Inc. (NYSE:TRGP - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,814 shares of the pipeline company's stock after purchasing an additional 24,019 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Targa Resources worth $84,572,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Targa Resources by 1.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,515 shares of the pipeline company's stock worth $5,077,000 after purchasing an additional 390 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Targa Resources by 45.6% during the 4th quarter. QRG Capital Management Inc. now owns 12,464 shares of the pipeline company's stock worth $2,300,000 after buying an additional 3,903 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Targa Resources by 8.8% during the 4th quarter. Truist Financial Corp now owns 992,463 shares of the pipeline company's stock worth $183,109,000 after buying an additional 80,037 shares during the last quarter. Amplify Investments LLC boosted its stake in shares of Targa Resources by 21.4% during the 4th quarter. Amplify Investments LLC now owns 833 shares of the pipeline company's stock worth $154,000 after buying an additional 147 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC boosted its stake in shares of Targa Resources by 3.8% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 3,551 shares of the pipeline company's stock worth $655,000 after buying an additional 131 shares during the last quarter. Institutional investors own 92.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Scotiabank increased their price objective on shares of Targa Resources from $246.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, April 13th. Seaport Research Partners restated a "neutral" rating on shares of Targa Resources in a research note on Monday. Wells Fargo & Company increased their price objective on shares of Targa Resources from $248.00 to $264.00 and gave the stock an "overweight" rating in a research note on Friday, March 13th. Weiss Ratings upgraded shares of Targa Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, January 29th. Finally, Truist Financial increased their price objective on shares of Targa Resources from $279.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, April 13th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $259.93.

Targa Resources Trading Up 1.2%

Shares of NYSE:TRGP opened at $252.56 on Friday. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $261.95. The company has a market capitalization of $54.25 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 1.61 and a beta of 0.75. The company has a 50-day simple moving average of $242.08 and a 200 day simple moving average of $204.25. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67.

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

Targa Resources Increases Dividend

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

Insiders Place Their Bets

In related news, insider Robert Muraro sold 24,589 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $241.34, for a total value of $5,934,309.26. Following the completion of the sale, the insider directly owned 197,401 shares in the company, valued at approximately $47,640,757.34. This trade represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 1,359 shares of the firm's stock in a transaction dated 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 sale, the director owned 77,094 shares of the company's stock, valued at $17,677,654.20. This trade represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,929 shares of company stock worth $24,692,134 in the last three months. Insiders own 1.37% of the company's stock.

Targa Resources News Roundup

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.

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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