Rep. Lisa C. McClain Purchases Shares of Targa Resources, Inc. (NYSE:TRGP)

Key Points

• Representative Lisa C. McClain (R-Michigan) purchased shares of Targa Resources (NYSE:TRGP) for an amount between $1,001 and $15,000 on July 22nd, according to a filing made on August 13th.
• Targa Resources recently increased its quarterly dividend to $1.00, significantly up from the previous $0.12, reflecting a yield of 2.4% with a payout ratio of 56.58%.
• The company reported an EPS of $2.87 for the last quarter, surpassing the consensus estimate by $0.92, though revenue fell short of expectations at $4.26 billion compared to a $4.82 billion forecast.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Targa Resources, Inc. NYSE: TRGP. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Targa Resources stock on July 22nd. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Targa Resources Stock Performance

NYSE:TRGP traded down $0.5150 during midday trading on Tuesday, reaching $160.5350. The stock had a trading volume of 1,576,233 shares, compared to its average volume of 1,872,718. The firm's fifty day simple moving average is $168.54 and its 200-day simple moving average is $176.33. Targa Resources, Inc. has a 1-year low of $140.90 and a 1-year high of $218.51. The stock has a market capitalization of $34.55 billion, a P/E ratio of 22.71, a PEG ratio of 1.02 and a beta of 1.12. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.69 and a quick ratio of 0.56.

Targa Resources (NYSE:TRGP - Get Free Report) last announced its earnings results on Thursday, August 7th. The pipeline company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.92. Targa Resources had a return on equity of 43.35% and a net margin of 8.99%.The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.82 billion. On average, equities research analysts forecast that Targa Resources, Inc. will post 8.15 EPS for the current fiscal year.

Targa Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, July 31st. This is a boost from Targa Resources's previous quarterly dividend of $0.12. Targa Resources's dividend payout ratio (DPR) is 56.58%.

Hedge Funds Weigh In On Targa Resources

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in shares of Targa Resources by 578.9% during the first quarter. Cornerstone Planning Group LLC now owns 129 shares of the pipeline company's stock worth $26,000 after buying an additional 110 shares during the last quarter. Colonial Trust Co SC grew its holdings in Targa Resources by 5,400.0% during the fourth quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 162 shares during the period. Cary Street Partners Financial LLC acquired a new position in Targa Resources during the fourth quarter valued at approximately $31,000. Ameriflex Group Inc. acquired a new position in shares of Targa Resources in the fourth quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in Targa Resources during the fourth quarter worth $32,000. 92.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

TRGP has been the subject of a number of research reports. UBS Group reduced their price target on shares of Targa Resources from $259.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, May 15th. Cfra Research raised shares of Targa Resources to a "hold" rating in a report on Friday, August 8th. Scotiabank reissued an "outperform" rating on shares of Targa Resources in a report on Thursday, August 14th. Citigroup reduced their price objective on shares of Targa Resources from $227.00 to $197.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $205.00 price objective (up from $198.00) on shares of Targa Resources in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.21.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Targa Resources

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.