Legal & General Group Plc Trims Holdings in Targa Resources, Inc. $TRGP

Posted by George Bondi on May 27th, 2026

Legal & General Group Plc trimmed its position in Targa Resources, Inc. (NYSE:TRGP – Free Report) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,460,228 shares of the pipeline company’s stock after selling 144,196 shares during the period. Legal & General Group Plc’s holdings in Targa Resources were worth $269,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Woodline Partners LP increased its stake in shares of Targa Resources by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock valued at $3,693,000 after acquiring an additional 5,327 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Targa Resources by 157.4% during the 1st quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock valued at $788,000 after acquiring an additional 2,404 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Targa Resources by 6.3% during the 2nd quarter. Baird Financial Group Inc. now owns 3,697 shares of the pipeline company’s stock valued at $644,000 after acquiring an additional 219 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Targa Resources by 13.1% during the 2nd quarter. Brown Advisory Inc. now owns 4,521 shares of the pipeline company’s stock valued at $787,000 after acquiring an additional 524 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Targa Resources by 11.0% during the 2nd quarter. Cerity Partners LLC now owns 31,881 shares of the pipeline company’s stock valued at $5,550,000 after acquiring an additional 3,163 shares during the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Targa Resources Stock Down 2.2%

TRGP opened at $270.66 on Wednesday. The firm has a 50 day moving average price of $249.94 and a 200 day moving average price of $214.61. The company has a market cap of $58.09 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. Targa Resources, Inc. has a 1 year low of $144.14 and a 1 year high of $280.00. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.62 and a current ratio of 0.72.

Targa Resources (NYSE:TRGP – Get Free Report) last posted its earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.68 billion. Targa Resources had a return on equity of 71.00% and a net margin of 12.87%. Sell-side analysts expect that Targa Resources, Inc. will post 10.66 earnings per share for the current year.

Targa Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a dividend of $1.25 per share. This is a boost from Targa Resources’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. Targa Resources’s dividend payout ratio is currently 50.56%.

Insider Buying and Selling at Targa Resources

In other Targa Resources news, insider Patrick J. Mcdonie sold 31,537 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $239.36, for a total value of $7,548,696.32. Following the completion of the sale, the insider owned 305,163 shares of the company’s stock, valued at $73,043,815.68. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $100,798.20. Following the completion of the sale, the director directly owned 11,670 shares of the company’s stock, valued at $2,704,172.40. This trade represents a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,163 shares of company stock worth $16,297,492 in the last quarter. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRGP shares. Citigroup upped their price objective on shares of Targa Resources from $200.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Wells Fargo & Company upped their price objective on shares of Targa Resources from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley upped their price objective on shares of Targa Resources from $327.00 to $331.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Scotiabank upped their price objective 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. Finally, Stifel Nicolaus set a $268.00 price objective on shares of Targa Resources in a research note on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.36.

Read Our Latest Report on Targa Resources

About Targa Resources

(Free Report)

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.