Nordea Investment Management AB Buys 5,986 Shares of Targa Resources, Inc. $TRGP

Key Points

• Nordea Investment Management AB increased its stake in Targa Resources (TRGP) by 4.1% in Q4, buying 5,986 shares to hold 152,354 shares (about 0.07% of the company) valued at roughly $28.08 million.
• Insiders sold 104,929 shares worth about $24.69 million over the last three months — including notable sales by D. Scott Pryor and President Jennifer R. Kneale — reducing insider ownership to 1.34%.
• Analysts are broadly positive: several firms raised targets or initiated Buy ratings (UBS $280, Truist $279), leaving a consensus rating of Moderate Buy with an average target of $252.57.

Nordea Investment Management AB increased its position in shares of Targa Resources, Inc. (NYSE:TRGP - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,354 shares of the pipeline company's stock after acquiring an additional 5,986 shares during the quarter. Nordea Investment Management AB owned about 0.07% of Targa Resources worth $28,083,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Equitable Holdings Inc. boosted its position in shares of Targa Resources by 3.6% during the 3rd quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company's stock valued at $287,000 after purchasing an additional 60 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Targa Resources by 4.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company's stock worth $253,000 after buying an additional 60 shares in the last quarter. State of Wyoming boosted its holdings in shares of Targa Resources by 3.2% during the 2nd quarter. State of Wyoming now owns 2,076 shares of the pipeline company's stock worth $361,000 after buying an additional 64 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Targa Resources by 1.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,046 shares of the pipeline company's stock worth $845,000 after buying an additional 64 shares during the period. Finally, Savant Capital LLC increased its stake in shares of Targa Resources by 2.6% in the 3rd quarter. Savant Capital LLC now owns 2,849 shares of the pipeline company's stock valued at $477,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

Insider Activity at Targa Resources

In other Targa Resources news, insider D. Scott Pryor sold 17,500 shares of Targa Resources stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $228.92, for a total transaction of $4,006,100.00. Following the transaction, the insider owned 31,938 shares of the company's stock, valued at $7,311,246.96. This trade represents a 35.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Jennifer R. Kneale sold 29,509 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $230.12, for a total value of $6,790,611.08. Following the completion of the transaction, the president directly owned 235,260 shares of the company's stock, valued at approximately $54,138,031.20. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,929 shares of company stock valued at $24,692,134 over the last three months. Insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets restated an "outperform" rating and issued a $241.00 price target on shares of Targa Resources in a report on Friday, February 20th. UBS Group raised their target price on Targa Resources from $228.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday. Mizuho upped their price target on Targa Resources from $207.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, March 19th. Barclays reiterated an "overweight" rating and issued a $226.00 price target on shares of Targa Resources in a report on Friday, February 20th. Finally, Truist Financial started coverage on Targa Resources in a research report on Tuesday. They set a "buy" rating and a $279.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.57.

Targa Resources News Summary

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a Buy rating, signaling stronger upside and supporting the stock rally. Article Title
• Positive Sentiment: Truist initiated coverage with a Buy rating and a $279 target, backing the bullish momentum from institutional research and likely contributing to today’s buying interest. Article Title
• Positive Sentiment: US Capital Advisors raised its Q1 2026 EPS estimate to $2.41 (up from $2.33), a near‑term beat that supports visible earnings strength for the next reported quarter. Article Title
• Neutral Sentiment: US Capital Advisors published a full set of quarterly/annual forecasts (Q1–Q4 2026 and Q1–Q3 2027); the note provides updated guidance that traders can use to model near‑term cash flow and FY2027 expectations. The firm’s FY2027 projection of $10.09 is well above current consensus, making it useful (but not definitive) for valuation debates. Article Title
• Negative Sentiment: Offsetting the positives, US Capital Advisors trimmed several 2026 quarter estimates (Q3 2026 to $2.30 from $2.33; Q4 2026 to $2.50 from $2.56) and lowered its FY2027 forecast (to $10.09 from $10.35), which introduces some downward pressure on near‑term growth expectations. Article Title

Targa Resources Stock Performance

Shares of TRGP opened at $246.39 on Wednesday. The firm has a market capitalization of $52.96 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.57 and a beta of 0.84. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $250.00. The stock has a 50 day moving average price of $219.25 and a two-hundred day moving average price of $186.95. 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 announced its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.16. The company had revenue of $4.06 billion for the quarter, compared to analysts' expectations of $4.12 billion. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%. Equities analysts forecast that Targa Resources, Inc. will post 8.15 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $1.00 dividend. The ex-dividend date was Friday, January 30th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Targa Resources's dividend payout ratio is currently 46.57%.

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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