California State Teachers Retirement System Sells 7,754 Shares of Targa Resources, Inc. $TRGP

California State Teachers Retirement System decreased its position in shares of Targa Resources, Inc. (NYSE:TRGP) by 3.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,519 shares of the pipeline company’s stock after selling 7,754 shares during the period. California State Teachers Retirement System’s holdings in Targa Resources were worth $62,562,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Targa Resources by 57.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 34,805 shares of the pipeline company’s stock worth $6,421,000 after purchasing an additional 12,640 shares during the period. Hsbc Holdings PLC raised its stake in shares of Targa Resources by 7.0% during the 4th quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock valued at $151,331,000 after buying an additional 53,413 shares during the last quarter. Miller Howard Investments Inc. NY lifted its holdings in shares of Targa Resources by 37.3% in the 1st quarter. Miller Howard Investments Inc. NY now owns 230,592 shares of the pipeline company’s stock valued at $57,816,000 after buying an additional 62,652 shares during the period. Raiffeisen Bank International AG boosted its stake in shares of Targa Resources by 164.1% in the fourth quarter. Raiffeisen Bank International AG now owns 33,641 shares of the pipeline company’s stock worth $6,245,000 after buying an additional 20,905 shares during the last quarter. Finally, Ninety One UK Ltd boosted its stake in shares of Targa Resources by 12.6% in the fourth quarter. Ninety One UK Ltd now owns 97,731 shares of the pipeline company’s stock worth $18,031,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

Targa Resources Trading Up 1.4%

Shares of NYSE:TRGP opened at $268.44 on Friday. The business’s 50 day moving average price is $269.28 and its 200-day moving average price is $244.91. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $291.04. The firm has a market capitalization of $57.62 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.72 and a quick ratio of 0.62.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, May 7th. The pipeline company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.27). The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Targa Resources had a return on equity of 71.00% and a net margin of 12.87%. On average, equities research analysts forecast that Targa Resources, Inc. will post 10.8 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. Targa Resources’s payout ratio is currently 50.56%.

Insider Activity at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the completion of the transaction, the director owned 66,492 shares in the company, valued at $17,019,292.32. This represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TRGP shares. Truist Financial lifted their price target on Targa Resources from $289.00 to $312.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Citigroup restated a “buy” rating on shares of Targa Resources in a research report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $310.00 price objective on shares of Targa Resources in a research note on Tuesday, July 21st. The Goldman Sachs Group lifted their target price on shares of Targa Resources from $242.00 to $268.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Scotiabank boosted their target price on shares of Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Seventeen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Targa Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

Trending Headlines about Targa Resources

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

• Positive Sentiment: US Capital Advisors raised its Q2 2026 EPS forecast for Targa Resources to $2.75 from $2.53 and maintained a “Moderate Buy” rating. The revision signals greater confidence in the company’s near-term operating performance. MarketBeat analyst estimate update
• Positive Sentiment: US Capital Advisors also increased its FY2026 EPS forecast to $10.24 from $10.18, while Erste Group Bank raised its estimate to $10.94 from $10.80 and reiterated a “Buy” rating. The upward revisions reinforce the view that earnings momentum may be improving. MarketBeat earnings estimate revisions
• Positive Sentiment: Zacks expects Targa Resources to beat consensus estimates when it reports second-quarter results, citing favorable earnings-surprise indicators. Investors are focused on whether the company can exceed the expected $2.75-per-share result. Targa Resources expected earnings beat
• Neutral Sentiment: Targa Resources is scheduled to release its quarterly earnings on Thursday, making the upcoming report the primary near-term catalyst for TRGP. The stock carries a consensus “Moderate Buy” rating, although its valuation and elevated leverage could magnify volatility if results disappoint. Targa Resources earnings release schedule

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.