Targa Resources, Inc. $TRGP Shares Newly Bought by Sigma Planning Corp

Key Points

• Sigma Planning Corp. bought 4,222 Targa Resources shares worth approximately $1.14 million in the third quarter, while institutional investors collectively own 92.13% of TRGP.
• Targa’s stock was trading near its one-year high, supported by analyst upgrades, higher earnings estimates, and expectations for a potential earnings beat. Analysts have a consensus “Buy” rating and an average price target of $325.47.
• The company declared a quarterly dividend of $1.25 per share, or $5.00 annualized for a 1.6% yield, but elevated leverage remains a key risk with a debt-to-equity ratio of 5.01.

Sigma Planning Corp purchased a new position in Targa Resources, Inc. (NYSE:TRGP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,222 shares of the pipeline company's stock, valued at approximately $1,141,000.

Several other institutional investors also recently bought and sold shares of TRGP. Signaturefd LLC boosted its holdings in shares of Targa Resources by 3.8% in the 3rd quarter. Signaturefd LLC now owns 6,380 shares of the pipeline company's stock valued at $1,725,000 after buying an additional 236 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Targa Resources by 1.2% during the third quarter. Carolina Wealth Advisors LLC now owns 16,035 shares of the pipeline company's stock worth $4,334,000 after purchasing an additional 184 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Targa Resources by 0.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 33,955 shares of the pipeline company's stock valued at $9,178,000 after purchasing an additional 211 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Targa Resources in the 3rd quarter worth $210,000. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Targa Resources by 4.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 6,298 shares of the pipeline company's stock worth $1,702,000 after acquiring an additional 251 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Key Targa Resources News

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

• Positive Sentiment: Analysts raised forward earnings estimates. US Capital Advisors increased its estimates for Targa’s third-quarter 2026 EPS to $2.53, FY2027 EPS to $11.65 from $11.05, and FY2028 EPS to $12.87 from $12.73. Estimates for each quarter of 2027 were also raised, suggesting expectations for continued earnings growth. MarketBeat analyst estimates
• Positive Sentiment: Investors are positioned for a potential earnings beat. Zacks said Targa has favorable earnings-estimate revisions and other indicators that could support results exceeding expectations in the upcoming report. The company previously delivered quarterly EPS of $3.54, well above the consensus estimate of $2.83, although revenue was below analysts’ forecast. Zacks earnings expectations article
• Positive Sentiment: Momentum remains a supporting factor. Zacks identified TRGP as a potential momentum pick, while the stock is trading well above its 50-day and 200-day moving averages and close to its one-year high. These technical signals can attract momentum-oriented investors. Zacks momentum article
• Neutral Sentiment: Quarterly results are imminent. Targa is scheduled to announce quarterly earnings Thursday, making the upcoming report and management’s outlook the next major catalysts for the stock. American Banking News earnings announcement article
• Negative Sentiment: Balance-sheet concerns remain a risk. A Seeking Alpha analysis argued that Targa should prioritize repairing its balance sheet, highlighting investor concerns about leverage. The company’s reported debt-to-equity ratio of 5.01 and below-1.0 current and quick ratios reinforce the financial-risk argument, particularly after the stock’s substantial rally. Seeking Alpha balance sheet analysis

Targa Resources Trading Up 2.1%

Shares of NYSE:TRGP opened at $312.18 on Friday. Targa Resources, Inc. has a 1 year low of $150.00 and a 1 year high of $313.42. The firm has a market capitalization of $66.94 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68. The business's 50 day moving average price is $290.08 and its 200-day moving average price is $258.16.

Targa Resources (NYSE:TRGP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, topping the consensus estimate of $2.83 by $0.71. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. On average, equities research analysts forecast that Targa Resources, Inc. will post 11.42 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, October 30th will be issued a $1.25 dividend. The ex-dividend date is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Targa Resources's dividend payout ratio (DPR) is presently 47.80%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Raymond James Financial restated a "strong-buy" rating and set a $340.00 price target on shares of Targa Resources in a research note on Tuesday, October 20th. TD Cowen upgraded Targa Resources from a "hold" rating to a "buy" rating and boosted their price target for the company from $275.00 to $350.00 in a research note on Friday, September 18th. Royal Bank Of Canada increased their price target on shares of Targa Resources from $312.00 to $338.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Wells Fargo & Company lifted their price objective on shares of Targa Resources from $282.00 to $324.00 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Finally, Mizuho raised their target price on shares of Targa Resources from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company's stock. According to data from MarketBeat, Targa Resources has an average rating of "Buy" and a consensus price target of $325.47.

Insiders Place Their Bets

In other news, Director Paul Chung sold 1,816 shares of the company's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $296.11, for a total transaction of $537,735.76. Following the completion of the sale, the director owned 44,000 shares of the company's stock, valued at $13,028,840. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Crisp sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the completion of the transaction, the director directly owned 62,292 shares in the company, valued at approximately $18,079,007.16. This represents a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,216 shares of company stock valued at $2,127,634 in the last 90 days. 1.37% of the stock is owned by insiders.

Targa Resources Company Profile

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company's services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.

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