Targa Resources, Inc. $TRGP Stake Increased by International Assets Investment Management LLC

Key Points

• Institutional ownership increased: International Assets Investment Management LLC raised its Targa Resources stake by 6,035% to 60,000 shares valued at approximately $16.2 million. Institutional investors collectively own 92.13% of the company.
• Analysts remain bullish: Targa has a consensus “Buy” rating and an average price target of $325.47, with several firms recently raising targets. The company’s latest earnings beat estimates, though its substantial debt burden remains a key risk.
• Shares are near a record high while insiders sell: TRGP opened at $314.97 against a 52-week high of $316.60, while insiders sold 7,216 shares worth $2.13 million over the past 90 days. Targa also declared a quarterly dividend of $1.25 per share, representing a 1.6% yield.

International Assets Investment Management LLC raised its holdings in Targa Resources, Inc. (NYSE:TRGP - Free Report) by 6,035.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,000 shares of the pipeline company's stock after purchasing an additional 59,022 shares during the period. International Assets Investment Management LLC's holdings in Targa Resources were worth $16,219,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Lebenthal Global Advisors LLC acquired a new position in shares of Targa Resources during the 3rd quarter worth approximately $209,000. Glenview Trust Co increased its holdings in shares of Targa Resources by 59.6% during the third quarter. Glenview Trust Co now owns 1,325 shares of the pipeline company's stock worth $358,000 after purchasing an additional 495 shares during the period. Founders Financial Securities LLC bought a new position in shares of Targa Resources during the third quarter worth approximately $317,000. United Asset Strategies Inc. increased its holdings in shares of Targa Resources by 14.9% during the third quarter. United Asset Strategies Inc. now owns 4,230 shares of the pipeline company's stock worth $1,143,000 after purchasing an additional 550 shares during the period. Finally, Choreo LLC raised its position in shares of Targa Resources by 84.7% in the third quarter. Choreo LLC now owns 9,211 shares of the pipeline company's stock valued at $2,490,000 after buying an additional 4,225 shares in the last quarter. Institutional investors own 92.13% of the company's stock.

Insider Buying and Selling

In related news, Director Charles Crisp sold 3,000 shares of Targa Resources stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total value of $870,690.00. Following the transaction, the director directly owned 62,292 shares of the company's stock, valued at $18,079,007.16. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director S Davis sold 2,400 shares of Targa Resources 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 completion of the transaction, the director directly owned 1,529 shares in the company, valued at $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,216 shares of company stock worth $2,127,634. Corporate insiders own 1.37% of the company's stock.

Key Headlines Impacting Targa Resources

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

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. US Capital Advisors increased its estimates for third-quarter 2026 EPS to $2.53 from $2.51, raised 2027 quarterly forecasts, and lifted full-year 2027 EPS to $11.65 from $11.05. Its FY2028 estimate also rose to $12.87 from $12.73. The revisions suggest stronger expected operating performance and provide a positive catalyst for TRGP. MarketBeat analyst estimate updates
• Positive Sentiment: The upcoming earnings report could exceed expectations. Zacks said Targa has favorable conditions for a potential earnings beat, based on the combination of analyst estimate revisions and other earnings-prediction indicators. A stronger-than-expected report or outlook could support the stock, which is trading near its 52-week high. Zacks earnings expectations article
• Neutral Sentiment: Investors are awaiting quarterly results. Targa Resources was scheduled to announce quarterly earnings Thursday. The report will provide an important test of the elevated forecasts and may determine whether recent gains can be sustained. Targa Resources earnings announcement article
• Negative Sentiment: Balance-sheet leverage remains a key risk. A Seeking Alpha analysis argued that Targa should prioritize repairing its balance sheet. The company’s substantial debt burden could constrain financial flexibility, increase sensitivity to interest rates, and temper investor enthusiasm despite projected earnings growth. Seeking Alpha balance sheet analysis

Targa Resources Trading Up 0.8%

Shares of Targa Resources stock opened at $314.97 on Friday. The company has a market capitalization of $67.54 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 1.30 and a beta of 0.80. 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, Inc. has a 12-month low of $151.24 and a 12-month high of $316.60. The firm's 50-day moving average price is $290.34 and its two-hundred day moving average price is $258.86.

Targa Resources (NYSE:TRGP - Get Free Report) last released its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate 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 net margin of 13.55% and a return on equity of 69.26%. On average, analysts forecast that Targa Resources, Inc. will post 11.42 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, October 30th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Targa Resources's dividend payout ratio (DPR) is currently 47.80%.

Analysts Set New Price Targets

TRGP has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Targa Resources from $315.00 to $351.00 and gave the company an "overweight" rating in a research note on Wednesday, August 19th. Barclays increased their price target on Targa Resources from $284.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, October 8th. TD Cowen upgraded Targa Resources from a "hold" rating to a "buy" rating and raised their price objective for the stock from $275.00 to $350.00 in a research note on Friday, September 18th. UBS Group reaffirmed a "buy" rating and issued a $318.00 price objective (up from $305.00) on shares of Targa Resources in a report on Thursday, July 9th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $345.00 price objective (up from $312.00) on shares of Targa Resources in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $325.47.

Targa Resources 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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