Targa Resources, Inc. (NYSE:TRGP) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Shares of Targa Resources carry a consensus analyst rating of “Moderate Buy” from 18 firms (13 buys, 3 holds, 2 strong buys) with an average 12‑month target of about $252.57.
• Major brokers have recently raised targets or initiated coverage with bullish ratings — notably Truist ($279 initiation), RBC ($260), Citi ($262) and Goldman Sachs ($242) — signaling analyst momentum toward the stock.
• Insiders have sold roughly 104,929 shares (~$24.7M) in the last 90 days and the company has high leverage (debt‑to‑equity ≈ 5.21), while institutional ownership is elevated (~92%), highlighting both investor confidence and balance‑sheet risk.

Shares of Targa Resources, Inc. (NYSE:TRGP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $252.5714.

A number of analysts have recently weighed in on TRGP shares. Truist Financial started coverage on shares of Targa Resources in a report on Tuesday. They issued a "buy" rating and a $279.00 target price on the stock. Royal Bank Of Canada increased their price target on shares of Targa Resources from $218.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Citigroup lifted their price target on Targa Resources from $200.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. TD Cowen boosted their price objective on Targa Resources from $192.00 to $220.00 and gave the stock a "hold" rating in a research note on Monday, February 23rd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $242.00 price objective on shares of Targa Resources in a research report on Friday, February 20th.

Insider Buying and Selling

In related news, Director Charles R. Crisp sold 1,359 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total value of $311,618.70. Following the completion of the sale, the director directly owned 77,094 shares in the company, valued at $17,677,654.20. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lindsey Cooksen sold 435 shares of Targa Resources stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $231.72, for a total transaction of $100,798.20. Following the transaction, the director directly owned 11,670 shares of the company's stock, valued at $2,704,172.40. The trade was a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,929 shares of company stock valued at $24,692,134 over the last 90 days. 1.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Targa Resources

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Targa Resources in the second quarter worth about $708,366,000. Wellington Management Group LLP grew its stake in shares of Targa Resources by 9.0% during the third quarter. Wellington Management Group LLP now owns 19,643,139 shares of the pipeline company's stock valued at $3,291,012,000 after buying an additional 1,620,253 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Targa Resources by 48.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company's stock worth $607,023,000 after buying an additional 1,075,246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Targa Resources in the third quarter worth approximately $121,426,000. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in shares of Targa Resources by 20.3% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 3,389,006 shares of the pipeline company's stock worth $625,272,000 after acquiring an additional 572,562 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors.

Key Headlines Impacting Targa Resources

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance, signaling institutional confidence that can drive demand for the shares. Truist coverage
• Positive Sentiment: UBS published a note forecasting strong price appreciation for TRGP, a high‑profile endorsement that can prompt fresh inflows from institutional investors. UBS forecast
• Positive Sentiment: US Capital Advisors raised EPS forecasts for multiple periods (Q2 2026, FY2026, Q4 2027, FY2028), indicating analysts expect stronger future earnings growth — a direct positive for valuation and investor sentiment. US Capital Advisors estimates
• Neutral Sentiment: Industry brokers published Q1 earnings expectations for Targa; these set the near‑term bar management must clear and increase focus on the upcoming quarterly release (outcome will affect price momentum). Brokers' Q1 expectations
• Negative Sentiment: Balance‑sheet and valuation risks remain: TRGP carries high leverage (debt/equity ~5.2) and modest liquidity ratios, meaning the stock could be more sensitive to commodity or rate shocks despite bullish analyst views.

Targa Resources Trading Up 1.9%

TRGP stock opened at $250.17 on Friday. The firm has a fifty day moving average price of $221.86 and a 200 day moving average price of $187.79. Targa Resources has a fifty-two week low of $144.14 and a fifty-two week high of $252.45. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67. The firm has a market cap of $53.77 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84.

Targa Resources (NYSE:TRGP - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.12 billion. Sell-side analysts anticipate that Targa Resources will post 8.15 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

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

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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