Benjamin Edwards Inc. Acquires 2,528 Shares of Targa Resources, Inc. $TRGP

Posted by Brian Himes on Sep 2nd, 2026

Benjamin Edwards Inc. lifted its holdings in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 177.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,951 shares of the pipeline company’s stock after acquiring an additional 2,528 shares during the quarter. Benjamin Edwards Inc.’s holdings in Targa Resources were worth $1,059,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Targa Resources in the fourth quarter worth $735,758,000. Bank of America Corp DE bought a new stake in shares of Targa Resources during the 2nd quarter worth $734,846,000. Legal & General Group Plc bought a new stake in shares of Targa Resources during the 2nd quarter worth $336,575,000. Goldman Sachs Group Inc. boosted its holdings in shares of Targa Resources by 48.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company’s stock worth $607,023,000 after buying an additional 1,075,246 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Targa Resources in the 2nd quarter worth about $275,702,000. 92.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Targa Resources

In other news, Director Charles R. Crisp sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total value of $870,690.00. Following the completion of the transaction, the director directly owned 62,292 shares of the company’s stock, valued at $18,079,007.16. This trade represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Waters S. Iv Davis sold 2,400 shares of Targa Resources stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $299.67, for a total value of $719,208.00. Following the transaction, the director directly owned 1,529 shares of the company’s stock, valued at $458,195.43. The trade was a 61.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TRGP shares. Royal Bank Of Canada raised their price objective on shares of Targa Resources from $312.00 to $338.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Stifel Nicolaus set a $268.00 target price on shares of Targa Resources in a research note on Friday, May 8th. Jefferies Financial Group increased their target price on shares of Targa Resources from $324.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. raised their price target on shares of Targa Resources from $291.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Truist Financial lifted their price target on shares of Targa Resources from $289.00 to $312.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. One research 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 presently has an average rating of “Buy” and a consensus target price of $298.71.

View Our Latest Stock Report on Targa Resources

Targa Resources Price Performance

NYSE TRGP opened at $295.82 on Wednesday. The company has a market cap of $63.43 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.40 and a beta of 0.72. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $307.94. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01. The firm’s 50-day simple moving average is $276.21 and its two-hundred day simple moving average is $258.45.

Targa Resources (NYSE:TRGP – Get Free Report) last posted its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.71. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Research analysts predict that Targa Resources, Inc. will post 11.23 earnings per share for the current year.

Targa Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, July 31st. Targa Resources’s payout ratio is currently 47.80%.

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.