Targa Resources, Inc. $TRGP Holdings Lifted by Strategy Asset Managers LLC

Posted by Stanley Muller on Oct 15th, 2026

Strategy Asset Managers LLC grew its position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 278.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,859 shares of the pipeline company’s stock after buying an additional 2,840 shares during the period. Strategy Asset Managers LLC’s holdings in Targa Resources were worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRGP. Tidal Investments LLC raised its position in shares of Targa Resources by 238.0% in the second quarter. Tidal Investments LLC now owns 41,741 shares of the pipeline company’s stock valued at $11,192,000 after buying an additional 29,390 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Targa Resources in the second quarter valued at approximately $100,442,000. Hsbc Holdings PLC boosted its stake in shares of Targa Resources by 7.0% in the fourth quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock valued at $151,331,000 after buying an additional 53,413 shares during the period. Miller Howard Investments Inc. NY boosted its stake in shares of Targa Resources by 37.3% in the first quarter. Miller Howard Investments Inc. NY now owns 230,592 shares of the pipeline company’s stock valued at $57,816,000 after buying an additional 62,652 shares during the period. Finally, Nykredit A S bought a new stake in shares of Targa Resources in the second quarter valued at approximately $33,314,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

Targa Resources Trading Down 0.8%

Shares of Targa Resources stock opened at $290.62 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01. Targa Resources, Inc. has a 12-month low of $144.14 and a 12-month high of $307.94. The company has a market capitalization of $62.32 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.38 and a beta of 0.80. The firm’s 50-day moving average price is $285.19 and its two-hundred day moving average price is $269.59.

Targa Resources (NYSE:TRGP – Get Free Report) last issued its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating 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 company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. On average, analysts forecast that Targa Resources, Inc. will post 11.30 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, October 30th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio (DPR) is currently 47.80%.

Insider Activity at Targa Resources

In other Targa Resources news, Director Waters S. Iv Davis sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the completion of the transaction, the director directly owned 1,529 shares in the company, valued at $458,195.43. The trade was a 61.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul W. Chung sold 1,816 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total value of $537,735.76. Following the sale, the director owned 44,000 shares of the company’s stock, valued at $13,028,840. The trade was a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,216 shares of company stock valued at $2,127,634 over the last three months. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TRGP shares. Truist Financial reissued a “buy” rating and set a $345.00 price target (up from $312.00) on shares of Targa Resources in a research report on Monday, September 21st. Morgan Stanley lifted their price objective on Targa Resources from $343.00 to $359.00 and gave the company an “overweight” rating in a report on Wednesday, September 16th. TD Cowen raised Targa Resources from a “hold” rating to a “buy” rating and lifted their price objective for the company from $275.00 to $350.00 in a report on Friday, September 18th. Erste Group Bank initiated coverage on Targa Resources in a research report on Thursday, June 25th. They set a “buy” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Targa Resources in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $318.45.

View Our Latest Analysis on Targa Resources

Trending Headlines about Targa Resources

Here are the key news stories impacting Targa Resources this week:

Positive Sentiment: Analyst earnings estimates increased. Erste Group Bank raised its FY2027 EPS forecast to $12.31 from $12.20 and maintained a “Buy” rating. Another analyst report cited an average price target of $317.85, suggesting potential upside from recent trading levels.
Positive Sentiment: Targa maintained its quarterly dividend. The company declared a $1.25-per-share dividend, equivalent to $5.00 annually and a yield of approximately 1.7%. Shareholders of record on October 30 will be paid on November 17. Targa Resources dividend announcement
Positive Sentiment: Recent operating performance remains solid. Targa reported second-quarter revenue of approximately $4.4 billion, up 4.23% year over year, while its latest quarterly EPS of $3.54 exceeded the $2.83 consensus estimate.
Neutral Sentiment: Third-quarter results are approaching. Targa will report before the market opens on November 5 and hold an earnings webcast afterward. The event could provide updated guidance on volumes, capital spending and the outlook for natural gas and natural gas liquids demand.
Negative Sentiment: Insider selling may weigh on sentiment. Company insiders reportedly made 10 open-market sales and no purchases over the past six months, selling shares worth several million dollars. This can raise concerns about executive confidence, even though insider sales may also reflect scheduled diversification.
Negative Sentiment: Valuation and leverage remain risks. Targa trades near its one-year high at roughly 28 times earnings and has a debt-to-equity ratio above 5, leaving the stock vulnerable to profit-taking or higher interest-rate concerns. Commodity-price volatility and project-execution risks could also affect future results.

Targa Resources Profile

(Free Report)

Targa Resources Corp. (NYSE: TRGP) is a Houston-based midstream energy company that owns, operates and develops infrastructure for gathering, processing, transporting, storing and exporting natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products. Its operations connect producers with domestic and international markets across key U.S. energy-producing regions.

The company’s assets include natural gas gathering and processing systems, NGL pipelines, fractionation facilities, storage assets and export terminals.