Targa Resources, Inc. $TRGP Shares Sold by Pictet Asset Management Holding SA

Posted by Stanley Muller on Nov 11th, 2026

Pictet Asset Management Holding SA cut its position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,909 shares of the pipeline company’s stock after selling 11,541 shares during the period. Pictet Asset Management Holding SA’s holdings in Targa Resources were worth $51,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC raised its stake in shares of Targa Resources by 381.0% in the second quarter. First Eagle Investment Management LLC now owns 101 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Targa Resources during the second quarter worth $32,000. Compass Financial Management LLC acquired a new stake in Targa Resources during the second quarter worth $33,000. CoreCap Advisors LLC boosted its stake in Targa Resources by 245.9% during the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock worth $34,000 after buying an additional 91 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in Targa Resources in the 2nd quarter valued at $35,000. 92.13% of the stock is currently owned by institutional investors.

Targa Resources Stock Up 2.8%

Shares of NYSE:TRGP opened at $281.26 on Wednesday. The company’s fifty day moving average is $288.74 and its 200-day moving average is $262.21. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.66 and a current ratio of 0.74. Targa Resources, Inc. has a 52 week low of $166.18 and a 52 week high of $316.60. The company has a market capitalization of $60.34 billion, a PE ratio of 24.89, a P/E/G ratio of 1.12 and a beta of 0.76.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its earnings results on Thursday, November 5th. The pipeline company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.30. Targa Resources had a net margin of 13.45% and a return on equity of 68.83%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Equities research analysts predict that Targa Resources, Inc. will post 11.51 earnings per share for the current fiscal year.

Targa Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be paid a $1.25 dividend. The ex-dividend date is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. Targa Resources’s payout ratio is 44.25%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TRGP shares. Jefferies Financial Group dropped their price objective on shares of Targa Resources from $326.00 to $311.00 and set a “buy” rating for the company in a research note on Friday. Scotiabank lifted their target price on shares of Targa Resources from $319.00 to $325.00 and gave the company a “sector outperform” rating in a research report on Tuesday. Wolfe Research set a $335.00 target price on shares of Targa Resources in a research note on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Targa Resources from $312.00 to $338.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Citigroup increased their price target on shares of Targa Resources from $325.00 to $338.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Targa Resources presently has an average rating of “Buy” and a consensus target price of $326.37.

View Our Latest Report on TRGP

Insider Activity

In other news, Director Paul W. Chung sold 1,816 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total transaction of $537,735.76. Following the sale, the director owned 44,000 shares in the company, valued at approximately $13,028,840. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 3,000 shares of the 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 sale, the director owned 62,292 shares in the company, valued at $18,079,007.16. The trade was a 4.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,216 shares of company stock worth $2,127,634. Insiders own 1.37% of the company’s stock.

Targa Resources Profile

(Free Report)

Targa Resources Corp. is a midstream energy company that gathers, processes, transports and stores natural gas and natural gas liquids (NGLs), and provides services for crude oil. Its infrastructure connects oil and gas producers with pipelines, processing facilities, fractionators, storage sites and domestic and international markets. The company’s services include natural gas gathering, compression and processing; NGL transportation and fractionation; and crude oil gathering and terminaling. Targa also operates facilities that support the export of NGLs and liquefied petroleum gas products.