Principal Financial Group Inc. Sells 22,847 Shares of Targa Resources, Inc. $TRGP

Posted by Brenda Bartman on Aug 15th, 2026

Principal Financial Group Inc. reduced its holdings in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 492,448 shares of the pipeline company’s stock after selling 22,847 shares during the period. Principal Financial Group Inc.’s holdings in Targa Resources were worth $132,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in Targa Resources by 57.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 34,805 shares of the pipeline company’s stock valued at $6,421,000 after purchasing an additional 12,640 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Targa Resources by 7.0% in the 4th quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock valued at $151,331,000 after purchasing an additional 53,413 shares during the period. Miller Howard Investments Inc. NY grew its stake in shares of Targa Resources by 37.3% in the 1st quarter. Miller Howard Investments Inc. NY now owns 230,592 shares of the pipeline company’s stock valued at $57,816,000 after purchasing an additional 62,652 shares during the period. Raiffeisen Bank International AG raised its holdings in shares of Targa Resources by 164.1% in the 4th quarter. Raiffeisen Bank International AG now owns 33,641 shares of the pipeline company’s stock worth $6,245,000 after buying an additional 20,905 shares in the last quarter. Finally, Ninety One UK Ltd raised its holdings in shares of Targa Resources by 12.6% in the 4th quarter. Ninety One UK Ltd now owns 97,731 shares of the pipeline company’s stock worth $18,031,000 after buying an additional 10,946 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Targa Resources Stock Performance

NYSE TRGP opened at $275.77 on Friday. Targa Resources, Inc. has a 1-year low of $144.14 and a 1-year high of $291.04. The company has a 50 day moving average of $269.33 and a 200-day moving average of $250.72. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01. The firm has a market cap of $59.13 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.33 and a beta of 0.72.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, topping the consensus estimate of $2.83 by $0.71. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. On average, equities analysts forecast that Targa Resources, Inc. will post 11.01 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $1.25 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.00 annualized dividend and a yield of 1.8%. Targa Resources’s payout ratio is presently 47.80%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on Targa Resources from $270.00 to $282.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Targa Resources in a research report on Wednesday, May 27th. The Goldman Sachs Group increased their price objective on Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Jefferies Financial Group set a $324.00 price objective on Targa Resources in a report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Targa Resources from $310.00 to $312.00 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $295.35.

Read Our Latest Stock Analysis on TRGP

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.