Targa Resources Corp. (NYSE:TRGP - Free Report) - Analysts at US Capital Advisors reduced their Q4 2025 EPS estimates for Targa Resources in a note issued to investors on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.21 per share for the quarter, down from their previous estimate of $2.23. US Capital Advisors currently has a "Strong-Buy" rating on the stock. The consensus estimate for Targa Resources' current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources' Q1 2026 earnings at $2.22 EPS, Q2 2026 earnings at $2.14 EPS, Q3 2026 earnings at $2.24 EPS and FY2027 earnings at $10.18 EPS.
Targa Resources (NYSE:TRGP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($1.13). The firm had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $5.01 billion. Targa Resources had a return on equity of 28.67% and a net margin of 7.81%.
A number of other research analysts also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Targa Resources from $202.00 to $244.00 and gave the company an "overweight" rating in a research report on Monday, March 17th. UBS Group decreased their price objective on Targa Resources from $259.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, May 15th. The Goldman Sachs Group lowered their target price on Targa Resources from $218.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Truist Financial lifted their price target on Targa Resources from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Finally, Scotiabank decreased their price target on Targa Resources from $199.00 to $193.00 and set a "sector outperform" rating for the company in a report on Tuesday. Thirteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $198.79.
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Targa Resources Stock Down 1.7%
TRGP stock opened at $161.82 on Wednesday. The company has a market capitalization of $35.10 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 0.61 and a beta of 1.22. Targa Resources has a 12 month low of $113.65 and a 12 month high of $218.51. The firm's fifty day simple moving average is $176.42 and its 200-day simple moving average is $188.14. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61.
Targa Resources Dividend Announcement
The business also recently declared a dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $1.00 dividend. The ex-dividend date was Wednesday, April 30th. This represents a yield of 2.34%. Targa Resources's dividend payout ratio is currently 73.66%.
Insider Buying and Selling
In other news, insider Jennifer R. Kneale sold 29,887 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $192.42, for a total value of $5,750,856.54. Following the transaction, the insider now owns 227,269 shares in the company, valued at $43,731,100.98. This trade represents a 11.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider D. Scott Pryor sold 35,000 shares of Targa Resources stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $197.30, for a total value of $6,905,500.00. Following the completion of the sale, the insider now directly owns 82,139 shares in the company, valued at $16,206,024.70. This represents a 29.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,914 shares of company stock valued at $22,613,288. 1.34% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new stake in Targa Resources during the 1st quarter worth $224,000. Intech Investment Management LLC lifted its stake in shares of Targa Resources by 16.5% in the first quarter. Intech Investment Management LLC now owns 46,399 shares of the pipeline company's stock worth $9,302,000 after buying an additional 6,573 shares in the last quarter. Focus Partners Wealth boosted its position in Targa Resources by 157.4% during the first quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company's stock worth $788,000 after acquiring an additional 2,404 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in Targa Resources during the 1st quarter valued at about $423,000. Finally, SCS Capital Management LLC purchased a new stake in Targa Resources during the 1st quarter valued at about $5,711,000. 92.13% of the stock is owned by institutional investors and hedge funds.
About Targa Resources
(
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Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.
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