Seaport Res Ptn Weighs in on Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Seaport Res Ptn issued their Q1 2025 earnings per share (EPS) estimates for shares of Targa Resources in a report released on Monday, April 28th. Seaport Res Ptn analyst S. Sibal anticipates that the pipeline company will post earnings per share of $1.94 for the quarter. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. Seaport Res Ptn also issued estimates for Targa Resources’ Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $2.20 EPS, Q4 2025 earnings at $2.26 EPS and FY2025 earnings at $8.29 EPS.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, February 20th. The pipeline company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.46). The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.48 billion. Targa Resources had a return on equity of 28.67% and a net margin of 7.81%.

Several other research analysts have also issued reports on TRGP. Mizuho cut their target price on shares of Targa Resources from $226.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday. US Capital Advisors upgraded Targa Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Morgan Stanley increased their price objective on Targa Resources from $202.00 to $244.00 and gave the company an “overweight” rating in a research report on Monday, March 17th. Scotiabank dropped their target price on Targa Resources from $201.00 to $199.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Finally, Barclays decreased their price target on shares of Targa Resources from $211.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Thirteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Targa Resources presently has a consensus rating of “Buy” and a consensus target price of $209.29.

Targa Resources Stock Down 0.7 %

TRGP stock opened at $178.08 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05. Targa Resources has a 1-year low of $110.09 and a 1-year high of $218.51. The stock has a market cap of $38.75 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.75. The company’s 50 day moving average is $184.43 and its 200 day moving average is $188.27.

Targa Resources Announces Dividend

The company also recently declared 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 (DPR) is currently 69.69%.

Insider Activity at Targa Resources

In related news, CEO Matthew J. Meloy sold 48,837 shares of Targa Resources stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $195.08, for a total transaction of $9,527,121.96. Following the transaction, the chief executive officer now directly owns 725,628 shares in the company, valued at approximately $141,555,510.24. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider D. Scott Pryor sold 35,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $197.30, for a total value of $6,905,500.00. Following the sale, the insider now directly owns 82,139 shares of the company’s stock, valued at $16,206,024.70. This represents a 29.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,914 shares of company stock worth $22,613,288. 1.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Targa Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC raised its position in shares of Targa Resources by 5.2% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 110,546 shares of the pipeline company’s stock valued at $22,161,000 after purchasing an additional 5,468 shares during the period. Raleigh Capital Management Inc. increased its stake in Targa Resources by 1,173.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 433 shares of the pipeline company’s stock worth $87,000 after buying an additional 399 shares in the last quarter. BOCHK Asset Management Ltd bought a new stake in Targa Resources during the first quarter valued at about $441,000. Envestnet Asset Management Inc. lifted its position in shares of Targa Resources by 8.9% in the first quarter. Envestnet Asset Management Inc. now owns 464,904 shares of the pipeline company’s stock valued at $93,199,000 after acquiring an additional 37,853 shares in the last quarter. Finally, Chilton Capital Management LLC boosted its stake in shares of Targa Resources by 240.1% in the first quarter. Chilton Capital Management LLC now owns 2,796 shares of the pipeline company’s stock worth $560,000 after acquiring an additional 1,974 shares during the period. Institutional investors own 92.13% of the company’s stock.

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.