Targa Resources, Inc. $TRGP Shares Sold by IFM Investors Pty Ltd

Posted by Brian Himes on Jul 2nd, 2026

IFM Investors Pty Ltd decreased its position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 5.0% in the first quarter, HoldingsChannel reports. The firm owned 48,937 shares of the pipeline company’s stock after selling 2,599 shares during the quarter. IFM Investors Pty Ltd’s holdings in Targa Resources were worth $12,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hantz Financial Services Inc. lifted its position in Targa Resources by 10.5% during the fourth quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company’s stock valued at $97,000 after purchasing an additional 50 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Targa Resources by 0.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,455 shares of the pipeline company’s stock valued at $1,376,000 after buying an additional 51 shares during the period. First Horizon Corp raised its position in Targa Resources by 20.1% during the fourth quarter. First Horizon Corp now owns 340 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 57 shares in the last quarter. Larson Financial Group LLC raised its position in Targa Resources by 4.1% during the third quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock valued at $253,000 after acquiring an additional 60 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its holdings in Targa Resources by 3.6% in the third quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock valued at $287,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Insiders Place Their Bets

In other Targa Resources news, Director Charles R. Crisp sold 10,602 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total value of $2,713,687.92. Following the transaction, the director directly owned 66,492 shares of the company’s stock, valued at $17,019,292.32. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by company insiders.

Targa Resources Price Performance

Shares of Targa Resources stock opened at $258.09 on Thursday. The business has a 50 day simple moving average of $261.40 and a two-hundred day simple moving average of $231.22. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $280.00. The stock has a market capitalization of $55.40 billion, a P/E ratio of 26.10, a PEG ratio of 1.37 and a beta of 0.71. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.72 and a quick ratio of 0.62.

Targa Resources (NYSE:TRGP – Get Free Report) last released its earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Targa Resources had a return on equity of 71.00% and a net margin of 12.87%. As a group, analysts predict that Targa Resources, Inc. will post 10.75 EPS for the current fiscal year.

Targa Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, April 30th. This is a positive change from Targa Resources’s previous quarterly dividend of $1.00. Targa Resources’s payout ratio is currently 50.56%.

Analyst Ratings Changes

TRGP has been the topic of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus set a $268.00 price target on shares of Targa Resources in a report on Friday, May 8th. Seaport Research Partners restated a “neutral” rating on shares of Targa Resources in a research report on Monday, May 4th. Scotiabank lifted their price objective on shares of Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, UBS Group upped their price objective on shares of Targa Resources from $228.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $272.73.

Check Out Our Latest Stock Analysis on TRGP

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.