Targa Resources, Inc. $TRGP Shares Bought by Peak Financial Advisors LLC

Peak Financial Advisors LLC grew its holdings in Targa Resources, Inc. (NYSE:TRGP) by 221.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,101 shares of the pipeline company’s stock after buying an additional 9,712 shares during the quarter. Targa Resources accounts for 1.2% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 20th largest position. Peak Financial Advisors LLC’s holdings in Targa Resources were worth $2,602,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TRGP. Alps Advisors Inc. boosted its holdings in Targa Resources by 5.5% in the 3rd quarter. Alps Advisors Inc. now owns 143,904 shares of the pipeline company’s stock worth $24,110,000 after buying an additional 7,497 shares during the last quarter. Korea Investment CORP raised its holdings in shares of Targa Resources by 37.4% during the third quarter. Korea Investment CORP now owns 260,760 shares of the pipeline company’s stock valued at $43,688,000 after acquiring an additional 70,998 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Targa Resources by 137.9% in the third quarter. Commonwealth Equity Services LLC now owns 66,636 shares of the pipeline company’s stock valued at $11,164,000 after acquiring an additional 38,626 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of Targa Resources by 2.4% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 682,300 shares of the pipeline company’s stock valued at $114,313,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Targa Resources by 5.0% in the third quarter. Envestnet Asset Management Inc. now owns 484,462 shares of the pipeline company’s stock worth $81,167,000 after acquiring an additional 22,969 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRGP. UBS Group boosted their price target on Targa Resources from $228.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial assumed coverage on Targa Resources in a report on Tuesday. They issued a “buy” rating and a $279.00 price objective on the stock. Citigroup lifted their target price on shares of Targa Resources from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Scotiabank reaffirmed an “outperform” rating on shares of Targa Resources in a report on Tuesday, February 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 target price on shares of Targa Resources in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.57.

Insider Activity

In other news, Director Lindsey Cooksen sold 435 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $231.72, for a total value of $100,798.20. Following the completion of the sale, the director owned 11,670 shares of the company’s stock, valued at $2,704,172.40. This represents a 3.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Muraro sold 24,589 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $241.34, for a total transaction of $5,934,309.26. Following the sale, the insider owned 197,401 shares of the company’s stock, valued at $47,640,757.34. This represents a 11.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 104,929 shares of company stock valued at $24,692,134 in the last quarter. Insiders own 1.34% of the company’s stock.

Targa Resources Stock Performance

NYSE TRGP opened at $245.15 on Thursday. 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 stock’s fifty day moving average is $220.50 and its two-hundred day moving average is $187.35. The firm has a market capitalization of $52.69 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. Targa Resources, Inc. has a fifty-two week low of $144.14 and a fifty-two week high of $250.00.

Targa Resources (NYSE:TRGP) last issued its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%.The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.12 billion. On average, research analysts anticipate that Targa Resources, Inc. will post 8.15 earnings per share for the current year.

Targa Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given 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 (DPR) is presently 46.57%.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a “buy” rating, giving the stock meaningful upside relative to recent levels. UBS raises PT to $280
• Positive Sentiment: Truist/Truist Securities initiated/upped coverage on Targa with a buy/strong‑buy stance and a roughly $279 price target, adding another institutional endorsement supporting the stock. Truist initiates coverage
• Neutral Sentiment: US Capital Advisors published a broad set of estimate updates: they raised several near‑term and long‑term forecasts (examples: Q1/Q2 2026, FY2026 and FY2028 estimates were nudged higher), signaling upside to multi‑year earnings expectations. US Capital Advisors estimate changes
• Negative Sentiment: That same US Capital Advisors report included downgrades to certain quarters (notably Q3/Q4 2026) and a lower FY2027 outlook vs. their prior view — a near‑term earnings tempering that could weigh on sentiment. US Capital Advisors cuts to some quarters/FY2027

Targa Resources 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.