CI Investments Inc. Buys 52,022 Shares of Targa Resources, Inc. $TRGP

Posted by Stanley Muller on Jul 22nd, 2026

CI Investments Inc. grew its stake in Targa Resources, Inc. (NYSE:TRGP – Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 795,557 shares of the pipeline company’s stock after buying an additional 52,022 shares during the quarter. Targa Resources accounts for about 1.0% of CI Investments Inc.’s investment portfolio, making the stock its 20th biggest holding. CI Investments Inc.’s holdings in Targa Resources were worth $199,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Targa Resources by 57.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,805 shares of the pipeline company’s stock valued at $6,421,000 after purchasing an additional 12,640 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Targa Resources by 7.0% during the fourth quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock worth $151,331,000 after buying an additional 53,413 shares during the period. Miller Howard Investments Inc. NY grew its holdings in shares of Targa Resources by 37.3% during the first quarter. Miller Howard Investments Inc. NY now owns 230,592 shares of the pipeline company’s stock worth $57,816,000 after buying an additional 62,652 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in shares of Targa Resources by 164.1% during the fourth quarter. Raiffeisen Bank International AG now owns 33,641 shares of the pipeline company’s stock worth $6,245,000 after buying an additional 20,905 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in Targa Resources by 12.6% in the 4th quarter. Ninety One UK Ltd now owns 97,731 shares of the pipeline company’s stock valued at $18,031,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

Insider Buying and Selling at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the transaction, the director directly owned 66,492 shares in the company, valued at approximately $17,019,292.32. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

TRGP has been the topic of several research reports. Jefferies Financial Group initiated coverage on Targa Resources in a research note on Thursday, June 18th. They issued a “buy” rating and a $314.00 target price on the stock. US Capital Advisors cut shares of Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, May 29th. Seaport Research Partners reiterated a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on shares of Targa Resources from $264.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $268.00 target price on shares of Targa Resources in a report on Friday, May 8th. Seventeen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

Get Our Latest Analysis on Targa Resources

Targa Resources Stock Performance

Shares of NYSE TRGP opened at $280.32 on Wednesday. The stock has a 50 day moving average price of $268.90 and a 200 day moving average price of $240.32. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $286.25. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.62 and a current ratio of 0.72. The stock has a market capitalization of $60.17 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.44 and a beta of 0.71.

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

Targa Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. Targa Resources’s dividend payout ratio (DPR) is currently 50.56%.

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.