Targa Resources, Inc. $TRGP Stock Sold by ProShare Advisors LLC

Posted by Francis Steltz on Nov 3rd, 2026

ProShare Advisors LLC lowered its position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,513 shares of the pipeline company’s stock after selling 2,591 shares during the quarter. ProShare Advisors LLC’s holdings in Targa Resources were worth $14,735,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in Targa Resources by 1.4% during the 2nd quarter. BlackRock Inc. now owns 20,832,687 shares of the pipeline company’s stock worth $5,586,077,000 after purchasing an additional 291,114 shares during the period. State Street Corp boosted its holdings in Targa Resources by 4.6% during the second quarter. State Street Corp now owns 14,226,166 shares of the pipeline company’s stock worth $3,814,604,000 after buying an additional 626,885 shares in the last quarter. Deutsche Bank AG grew its position in Targa Resources by 21.7% during the second quarter. Deutsche Bank AG now owns 3,025,248 shares of the pipeline company’s stock worth $811,190,000 after buying an additional 539,582 shares during the period. Bank of America Corp DE grew its position in Targa Resources by 28.0% during the first quarter. Bank of America Corp DE now owns 3,151,993 shares of the pipeline company’s stock worth $790,299,000 after buying an additional 688,598 shares during the period. Finally, Amundi grew its position in Targa Resources by 10.8% during the second quarter. Amundi now owns 2,222,046 shares of the pipeline company’s stock worth $595,817,000 after buying an additional 215,915 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Insider Activity at Targa Resources

In other Targa Resources news, Director Paul W. Chung sold 1,816 shares of Targa Resources stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $296.11, for a total value of $537,735.76. Following the completion of the sale, the director directly owned 44,000 shares of the company’s stock, valued at approximately $13,028,840. The trade was a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Waters S. Iv Davis sold 2,400 shares of Targa Resources stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $299.67, for a total transaction of $719,208.00. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,216 shares of company stock valued at $2,127,634. Company insiders own 1.37% of the company’s stock.

Targa Resources Trading Down 6.5%

Targa Resources stock opened at $294.42 on Tuesday. The stock has a market cap of $63.13 billion, a PE ratio of 29.25, a P/E/G ratio of 1.26 and a beta of 0.80. The stock has a 50-day moving average price of $290.23 and a 200 day moving average price of $259.43. Targa Resources, Inc. has a 52 week low of $151.78 and a 52 week high of $316.60. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share 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 firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Equities research analysts predict that Targa Resources, Inc. will post 11.42 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 30th. Targa Resources’s payout ratio is currently 47.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented 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 note on Monday, September 21st. Wolfe Research set a $335.00 price objective on Targa Resources in a research note on Friday, August 7th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $340.00 price objective on shares of Targa Resources in a report on Tuesday, October 20th. Mizuho lifted their price objective on Targa Resources from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, September 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $322.00 target price on shares of Targa Resources in a research report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $325.47.

Read Our Latest Research Report on Targa Resources

About Targa Resources

(Free Report)

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.