Hsbc Holdings PLC Has $151.33 Million Stock Holdings in Targa Resources, Inc. $TRGP

Posted by Geri Gentry on Jul 4th, 2026

Hsbc Holdings PLC lifted its position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 820,310 shares of the pipeline company’s stock after purchasing an additional 53,413 shares during the quarter. Hsbc Holdings PLC’s holdings in Targa Resources were worth $151,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in Targa Resources by 11.1% during the fourth quarter. Corient Private Wealth LLC now owns 38,525 shares of the pipeline company’s stock worth $7,108,000 after acquiring an additional 3,847 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of Targa Resources during the fourth quarter worth about $52,000. Beacon Pointe Advisors LLC lifted its holdings in shares of Targa Resources by 104.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,022 shares of the pipeline company’s stock valued at $557,000 after purchasing an additional 1,542 shares in the last quarter. CacheTech Inc. bought a new position in shares of Targa Resources during the 4th quarter valued at about $214,000. Finally, Empowered Funds LLC grew its position in shares of Targa Resources by 180.9% in the 4th quarter. Empowered Funds LLC now owns 19,949 shares of the pipeline company’s stock valued at $3,681,000 after purchasing an additional 12,846 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Insider Buying and Selling

In other news, Director Charles R. Crisp sold 10,602 shares of the stock in a transaction dated 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 transaction, the director directly owned 66,492 shares in the company, valued at $17,019,292.32. This represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on TRGP shares. Seaport Research Partners reissued a “neutral” rating on shares of Targa Resources in a research note on Monday, May 4th. Citigroup reiterated a “buy” rating on shares of Targa Resources in a report on Wednesday, May 27th. US Capital Advisors downgraded shares of Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, May 29th. Barclays raised their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Targa Resources from $264.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.73.

Check Out Our Latest Stock Analysis on TRGP

Targa Resources Price Performance

Shares of TRGP opened at $258.85 on Friday. 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 twelve month low of $144.14 and a twelve month high of $280.00. The stock has a market capitalization of $55.56 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.32 and a beta of 0.71. The company has a 50 day moving average of $262.36 and a 200-day moving average of $231.94.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The pipeline company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). Targa Resources had a return on equity of 71.00% and a net margin of 12.87%.The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.68 billion. As a group, equities research analysts forecast that Targa Resources, Inc. will post 10.75 EPS for the current fiscal year.

Targa Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 annualized dividend and a yield of 1.9%. Targa Resources’s payout ratio is presently 50.56%.

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.