Readystate Asset Management LP Buys Shares of 19,700 Targa Resources, Inc. $TRGP

Posted by George Bondi on Sep 7th, 2026

Readystate Asset Management LP bought a new stake in Targa Resources, Inc. (NYSE:TRGP – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 19,700 shares of the pipeline company’s stock, valued at approximately $5,282,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Targa Resources during the fourth quarter worth approximately $27,000. Miller Capital Partners Inc. acquired a new position in Targa Resources in the 4th quarter valued at $30,000. Leonteq Securities AG purchased a new position in Targa Resources in the 4th quarter valued at $31,000. Jones Financial Companies Lllp acquired a new stake in Targa Resources during the 2nd quarter worth $32,000. Finally, Compass Financial Management LLC acquired a new stake in Targa Resources during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Targa Resources Price Performance

Shares of TRGP stock opened at $290.20 on Monday. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68. The company has a market capitalization of $62.23 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.38 and a beta of 0.72. The firm’s 50-day moving average is $277.51 and its two-hundred day moving average is $259.94. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $307.94.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.71. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. 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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 31st. Targa Resources’s dividend payout ratio is presently 47.80%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TRGP shares. Wells Fargo & Company raised their price target on shares of Targa Resources from $282.00 to $324.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho increased their price objective on shares of Targa Resources from $260.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Erste Group Bank assumed coverage on shares of Targa Resources in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Truist Financial upped their price target on Targa Resources from $289.00 to $312.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Wolfe Research set a $335.00 price target on Targa Resources in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $301.18.

Check Out Our Latest Stock Report on Targa Resources

Insiders Place Their Bets

In other Targa Resources news, Director Charles R. Crisp sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total value of $870,690.00. Following the transaction, the director owned 62,292 shares of the company’s stock, valued at $18,079,007.16. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $719,208.00. Following the sale, the director owned 1,529 shares of the company’s stock, valued at approximately $458,195.43. This represents a 61.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,216 shares of company stock valued at $2,127,634 over the last quarter. 1.37% of the stock is owned by insiders.

Targa Resources 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.