Meyer Handelman Co. Makes New Investment in Targa Resources, Inc. $TRGP

Posted by Geri Gentry on Aug 15th, 2026

Meyer Handelman Co. bought a new position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 36,943 shares of the pipeline company’s stock, valued at approximately $9,906,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC raised its holdings in shares of Targa Resources by 245.9% in the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Targa Resources during the 4th quarter worth about $27,000. Miller Capital Partners Inc. bought a new stake in Targa Resources during the 4th quarter worth about $30,000. Global Assets Advisory LLC bought a new stake in Targa Resources during the 1st quarter worth about $41,000. Finally, Leonteq Securities AG acquired a new stake in Targa Resources in the 4th quarter valued at about $31,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TRGP. Truist Financial boosted their target price on shares of Targa Resources from $289.00 to $312.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group increased their price target on shares of Targa Resources from $242.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, April 20th. TD Cowen raised their price target on shares of Targa Resources from $270.00 to $275.00 and gave the company a “hold” rating in a report on Friday, August 7th. US Capital Advisors cut shares of Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, May 29th. Finally, Morgan Stanley restated an “overweight” rating and issued a $333.00 price objective on shares of Targa Resources in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Targa Resources presently has a consensus rating of “Buy” and a consensus target price of $295.35.

Read Our Latest Research Report on Targa Resources

Targa Resources Price Performance

Shares of TRGP stock opened at $275.77 on Friday. The stock has a 50-day moving average price of $269.33 and a 200 day moving average price of $250.72. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01. The firm has a market cap of $59.13 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.33 and a beta of 0.72. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $291.04.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%.The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Research analysts expect that Targa Resources, Inc. will post 11.01 EPS for the current year.

Targa Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $1.25 per share. The ex-dividend date was Friday, July 31st. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. Targa Resources’s payout ratio is currently 47.80%.

About Targa Resources

(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.