Deprince Race & Zollo Inc. Sells 37,525 Shares of Targa Resources, Inc. $TRGP

Posted by Geri Gentry on Jul 2nd, 2026

Deprince Race & Zollo Inc. lowered its stake in Targa Resources, Inc. (NYSE:TRGP – Free Report) by 25.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,308 shares of the pipeline company’s stock after selling 37,525 shares during the period. Deprince Race & Zollo Inc.’s holdings in Targa Resources were worth $27,908,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in TRGP. Hantz Financial Services Inc. increased its stake in Targa Resources by 10.5% in the 4th quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company’s stock valued at $97,000 after buying an additional 50 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Targa Resources by 0.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,455 shares of the pipeline company’s stock worth $1,376,000 after purchasing an additional 51 shares during the period. First Horizon Corp boosted its holdings in Targa Resources by 20.1% in the 4th quarter. First Horizon Corp now owns 340 shares of the pipeline company’s stock worth $63,000 after buying an additional 57 shares during the period. Equitable Holdings Inc. grew its position in shares of Targa Resources by 3.6% in the third quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock valued at $287,000 after purchasing an additional 60 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Targa Resources by 4.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock valued at $253,000 after buying an additional 60 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 66,492 shares of the company’s stock, valued at $17,019,292.32. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Targa Resources from $262.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, June 23rd. US Capital Advisors cut shares of Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and set a $281.00 target price on shares of Targa Resources in a report on Tuesday, May 12th. Seaport Research Partners reissued a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. Finally, Stifel Nicolaus set a $268.00 price objective on Targa Resources in a research report on Friday, May 8th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $272.73.

Get Our Latest Analysis on Targa Resources

Targa Resources Trading Down 3.7%

Shares of NYSE TRGP opened at $258.09 on Thursday. 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 current ratio of 0.72 and a quick ratio of 0.62. The firm has a 50-day moving average of $261.40 and a 200 day moving average of $231.22. The stock has a market cap of $55.40 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 1.37 and a beta of 0.71.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The pipeline company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). The business 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%. As a group, sell-side analysts expect that Targa Resources, Inc. will post 10.75 EPS for the current fiscal year.

Targa Resources Increases Dividend

The company also recently disclosed 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 positive change 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 annualized dividend and a yield of 1.9%. Targa Resources’s payout ratio is currently 50.56%.

Targa Resources Company Profile

(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.