FY2026 EPS Estimate for Targa Resources Increased by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Research analysts at US Capital Advisors upped their FY2026 earnings per share estimates for shares of Targa Resources in a research note issued to investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $11.01 per share for the year, up from their prior estimate of $10.98. The consensus estimate for Targa Resources’ current full-year earnings is $11.42 per share. US Capital Advisors also issued estimates for Targa Resources’ Q4 2026 earnings at $2.68 EPS.

Targa Resources (NYSE:TRGP) last posted its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.71. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion.

Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus set a $335.00 target price on shares of Targa Resources in a research note on Friday, October 9th. Wolfe Research set a $335.00 price objective on shares of Targa Resources in a research report on Friday, August 7th. TD Cowen raised Targa Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $275.00 to $350.00 in a research note on Friday, September 18th. Morgan Stanley boosted their price target on Targa Resources from $343.00 to $359.00 and gave the stock an “overweight” rating in a report on Wednesday, September 16th. Finally, Scotiabank reissued an “outperform” rating and set a $319.00 price objective on shares of Targa Resources in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $325.47.

Targa Resources Stock Performance

TRGP stock opened at $302.19 on Wednesday. The firm has a 50 day moving average price of $289.63 and a 200-day moving average price of $256.84. The firm has a market capitalization of $64.80 billion, a price-to-earnings ratio of 28.89 and a beta of 0.80. Targa Resources has a 52-week low of $150.00 and a 52-week high of $307.94.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Childress Capital Advisors LLC boosted its position in shares of Targa Resources by 39.3% during the 3rd quarter. Childress Capital Advisors LLC now owns 4,843 shares of the pipeline company’s stock worth $1,309,000 after acquiring an additional 1,367 shares in the last quarter. BOKF NA raised its position in shares of Targa Resources by 16.2% during the 3rd quarter. BOKF NA now owns 19,769 shares of the pipeline company’s stock worth $5,344,000 after acquiring an additional 2,762 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Targa Resources by 4.0% during the third quarter. Hanseatic Management Services Inc. now owns 1,888 shares of the pipeline company’s stock worth $510,000 after purchasing an additional 72 shares during the last quarter. North Dakota State Investment Board lifted its stake in Targa Resources by 2.9% during the third quarter. North Dakota State Investment Board now owns 6,501 shares of the pipeline company’s stock worth $1,757,000 after purchasing an additional 185 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Targa Resources by 0.7% in the third quarter. Asset Management One Co. Ltd. now owns 90,810 shares of the pipeline company’s stock valued at $24,547,000 after purchasing an additional 588 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paul W. Chung sold 1,816 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total value of $537,735.76. Following the completion of the transaction, the director owned 44,000 shares in the company, valued at $13,028,840. This trade represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Waters S. Iv Davis sold 2,400 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the completion of the sale, the director directly owned 1,529 shares in the company, valued at $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,216 shares of company stock worth $2,127,634. 1.37% of the stock is owned by corporate insiders.

Targa Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be issued a $1.25 dividend. The ex-dividend date is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio (DPR) is currently 47.80%.

Targa Resources Company Profile

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.