Targa Resources, Inc. $TRGP Shares Purchased by Raiffeisen Bank International AG

Posted by Stanley Muller on Jun 12th, 2026

Raiffeisen Bank International AG lifted its position in Targa Resources, Inc. (NYSE:TRGP – Free Report) by 164.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,641 shares of the pipeline company’s stock after acquiring an additional 20,905 shares during the period. Raiffeisen Bank International AG’s holdings in Targa Resources were worth $6,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Olistico Wealth LLC acquired a new position in shares of Targa Resources in the 4th quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Targa Resources in the 4th quarter valued at $27,000. Leonteq Securities AG acquired a new position in shares of Targa Resources in the 4th quarter valued at $31,000. Godfrey Financial Associates Inc. acquired a new position in shares of Targa Resources in the 4th quarter valued at $37,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Targa Resources in the 4th quarter valued at $42,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank upped their target price on Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $268.00 price target on shares of Targa Resources in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $281.00 price target on shares of Targa Resources in a report on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a report on Wednesday, May 27th. Finally, Wells Fargo & Company upped their price target on shares of Targa Resources from $264.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Targa Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.21.

View Our Latest Stock Analysis on TRGP

Targa Resources Trading Down 1.2%

TRGP stock opened at $269.31 on Friday. The company’s 50-day simple moving average is $254.88 and its 200-day simple moving average is $222.52. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 5.64. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $280.00. The firm has a market cap of $57.80 billion, a P/E ratio of 27.23, a PEG ratio of 1.39 and a beta 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 the consensus estimate of $2.48 by ($0.27). Targa Resources had a return on equity of 71.00% and a net margin of 12.87%.The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.68 billion. As a group, equities analysts forecast that Targa Resources, Inc. will post 10.75 EPS for the current fiscal year.

Targa Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, April 30th. This is a boost from Targa Resources’s previous quarterly dividend of $1.00. Targa Resources’s payout ratio is presently 50.56%.

Insider Buying and Selling

In related news, Director Charles R. Crisp sold 10,602 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the sale, the director owned 66,492 shares of the company’s stock, valued at approximately $17,019,292.32. The trade was a 13.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

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.