US Capital Advisors Predicts Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP - Free Report) - Analysts at US Capital Advisors reduced their Q1 2025 EPS estimates for Targa Resources in a note issued to investors on Monday, April 28th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.06 per share for the quarter, down from their previous estimate of $2.07. 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' Q4 2025 earnings at $2.23 EPS and FY2026 earnings at $9.23 EPS.

Other equities analysts have also issued research reports about the company. Barclays decreased their price target on Targa Resources from $211.00 to $206.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on shares of Targa Resources from $204.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Royal Bank of Canada increased their price objective on Targa Resources from $220.00 to $221.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. Mizuho dropped their target price on shares of Targa Resources from $226.00 to $218.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Truist Financial lifted their price target on Targa Resources from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $209.29.

Targa Resources Stock Down 4.1 %

NYSE TRGP opened at $170.75 on Thursday. Targa Resources has a one year low of $110.09 and a one year high of $218.51. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.61 and a current ratio of 0.77. The business has a fifty day moving average price of $183.83 and a 200 day moving average price of $188.15. The company has a market cap of $37.15 billion, a P/E ratio of 29.75, a P/E/G ratio of 0.61 and a beta of 1.75.

Targa Resources (NYSE:TRGP - Get Free Report) last posted its earnings results on Thursday, February 20th. The pipeline company reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.46). The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.48 billion. Targa Resources had a net margin of 7.81% and a return on equity of 28.67%.

Hedge Funds Weigh In On Targa Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Snowden Capital Advisors LLC lifted its holdings in shares of Targa Resources by 2.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 2,652 shares of the pipeline company's stock worth $473,000 after buying an additional 53 shares during the last quarter. Ritholtz Wealth Management grew its position in Targa Resources by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 4,942 shares of the pipeline company's stock worth $991,000 after acquiring an additional 62 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Targa Resources by 3.6% in the first quarter. Stratos Wealth Advisors LLC now owns 1,776 shares of the pipeline company's stock valued at $356,000 after buying an additional 62 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Targa Resources by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 2,217 shares of the pipeline company's stock valued at $396,000 after purchasing an additional 67 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Targa Resources by 2.3% in the 4th quarter. Mather Group LLC. now owns 3,026 shares of the pipeline company's stock valued at $540,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 92.13% of the company's stock.

Insiders Place Their Bets

In other Targa Resources news, insider Jennifer R. Kneale sold 29,887 shares of the company's stock in a transaction dated 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 directly owns 227,269 shares of the company's stock, valued at $43,731,100.98. This represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider D. Scott Pryor sold 35,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $197.30, for a total transaction of $6,905,500.00. Following the completion of the sale, the insider now owns 82,139 shares of the company's stock, 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. Over the last 90 days, insiders have sold 115,914 shares of company stock worth $22,613,288. 1.34% of the stock is owned by insiders.

Targa Resources Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $1.00 dividend. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 2.34%. Targa Resources's dividend payout ratio is currently 69.69%.

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.

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