Targa Resources (NYSE:TRGP) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Targa Resources, Inc. (NYSE:TRGP). In a filing disclosed on December 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Targa Resources stock on November 12th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

Targa Resources Stock Down 0.2%

TRGP stock traded down $0.27 during trading on Friday, hitting $178.33. 4,275,677 shares of the company’s stock were exchanged, compared to its average volume of 1,501,900. The business has a 50-day moving average price of $167.15 and a two-hundred day moving average price of $166.96. The stock has a market capitalization of $38.28 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.03 and a beta of 0.89. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $218.51. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 5.91.

Targa Resources (NYSE:TRGP) last released its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.02). Targa Resources had a return on equity of 51.87% and a net margin of 9.35%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.70 billion. As a group, equities research analysts expect that Targa Resources, Inc. will post 8.15 EPS for the current year.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, October 31st. Targa Resources’s dividend payout ratio (DPR) is 53.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus set a $213.00 target price on Targa Resources in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price target on Targa Resources from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank Of Canada boosted their price objective on Targa Resources from $213.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. raised their target price on shares of Targa Resources from $214.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Targa Resources in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Targa Resources currently has a consensus rating of “Moderate Buy” and an average price target of $210.79.

Hedge Funds Weigh In On Targa Resources

Institutional investors have recently bought and sold shares of the company. Horizon Investments LLC increased its stake in shares of Targa Resources by 4.7% during the first quarter. Horizon Investments LLC now owns 3,140 shares of the pipeline company’s stock worth $626,000 after acquiring an additional 142 shares during the period. Brandywine Global Investment Management LLC increased its position in Targa Resources by 22.9% during the 1st quarter. Brandywine Global Investment Management LLC now owns 51,991 shares of the pipeline company’s stock worth $10,423,000 after purchasing an additional 9,673 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Targa Resources by 28.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,315 shares of the pipeline company’s stock worth $464,000 after buying an additional 519 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of Targa Resources by 229.9% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 5,609 shares of the pipeline company’s stock valued at $1,123,000 after buying an additional 3,909 shares during the period. Finally, Algert Global LLC purchased a new stake in shares of Targa Resources in the first quarter valued at approximately $3,050,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Targa Resources

In other Targa Resources news, insider Gerald R. Shrader sold 2,750 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.21, for a total transaction of $498,327.50. Following the sale, the insider directly owned 29,561 shares in the company, valued at approximately $5,356,748.81. The trade was a 8.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider D. Scott Pryor sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $172.21, for a total transaction of $3,444,200.00. Following the completion of the sale, the insider owned 22,139 shares of the company’s stock, valued at $3,812,557.19. This trade represents a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.34% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.