World Investment Advisors Makes New $1.87 Million Investment in Targa Resources, Inc. $TRGP

Posted by Francis Steltz on Jul 8th, 2026

World Investment Advisors bought a new position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,458 shares of the pipeline company’s stock, valued at approximately $1,870,000.

Several other institutional investors have also bought and sold shares of TRGP. Atlantic Union Bankshares Corp bought a new stake in Targa Resources during the 4th quarter worth about $27,000. Olistico Wealth LLC acquired a new position in Targa Resources in the fourth quarter valued at approximately $27,000. Miller Capital Partners Inc. bought a new position in shares of Targa Resources in the 4th quarter worth $30,000. Leonteq Securities AG acquired a new position in shares of Targa Resources during the 4th quarter worth about $31,000. Finally, Sound Income Strategies LLC increased its stake in Targa Resources by 668.0% in the first quarter. Sound Income Strategies LLC now owns 192 shares of the pipeline company’s stock valued at $47,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Targa Resources Stock Up 3.9%

TRGP opened at $273.72 on Wednesday. The stock’s fifty day simple moving average is $263.48 and its 200 day simple moving average is $233.55. Targa Resources, Inc. has a 1-year low of $144.14 and a 1-year high of $280.00. The stock has a market cap of $58.75 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71. The company has a current ratio of 0.72, a quick ratio of 0.62 and a debt-to-equity ratio of 5.64.

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

Targa Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. This is an increase from Targa Resources’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, April 30th. Targa Resources’s dividend payout ratio is presently 50.56%.

Insider Transactions at Targa Resources

In other Targa Resources news, Director Charles R. Crisp sold 10,602 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the transaction, the director owned 66,492 shares in the company, valued at $17,019,292.32. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TRGP has been the topic of several research analyst reports. Jefferies Financial Group began coverage on shares of Targa Resources in a report on Thursday, June 18th. They set a “buy” rating and a $314.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Targa Resources from $264.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Stifel Nicolaus set a $268.00 price objective on shares of Targa Resources in a research report on Friday, May 8th. TD Cowen upped their target price on shares of Targa Resources from $236.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Finally, Morgan Stanley increased their target price on Targa Resources from $327.00 to $331.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.73.

View Our Latest Analysis on Targa Resources

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.