21,510 Shares in Targa Resources, Inc. $TRGP Acquired by Castleark Management LLC

Posted by Brian Himes on Aug 26th, 2026

Castleark Management LLC acquired a new stake in Targa Resources, Inc. (NYSE:TRGP – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 21,510 shares of the pipeline company’s stock, valued at approximately $5,768,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Targa Resources in the 2nd quarter worth approximately $32,000. Compass Financial Management LLC bought a new position in shares of Targa Resources during the second quarter valued at approximately $33,000. CoreCap Advisors LLC lifted its stake in Targa Resources by 245.9% in the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 91 shares during the period. Virtus Advisers LLC purchased a new stake in Targa Resources in the second quarter worth $35,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Targa Resources in the fourth quarter valued at $27,000. Institutional investors own 92.13% of the company’s stock.

Targa Resources Price Performance

NYSE TRGP opened at $287.10 on Wednesday. Targa Resources, Inc. has a one year low of $144.14 and a one year high of $307.94. The stock has a 50-day moving average of $273.17 and a 200 day moving average of $255.72. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77. The company has a market capitalization of $61.56 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.41 and a beta of 0.72.

Targa Resources (NYSE:TRGP – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.71. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. On average, sell-side analysts forecast that Targa Resources, Inc. will post 11.13 EPS for the current year.

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $1.25 per share. The ex-dividend date was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s payout ratio is 47.80%.

Wall Street Analyst Weigh In

TRGP has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Targa Resources from $310.00 to $312.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Stifel Nicolaus set a $268.00 price objective on shares of Targa Resources in a report on Friday, May 8th. US Capital Advisors cut Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, May 29th. Seaport Research Partners reiterated a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. Finally, UBS Group reissued a “buy” rating and issued a $318.00 target price on shares of Targa Resources in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $297.18.

View Our Latest Analysis on Targa Resources

Key Targa Resources News

Here are the key news stories impacting Targa Resources this week:

Positive Sentiment: Targa appointed longtime midstream executive Brent Secrest as President of Logistics and Transportation and promoted Benjamin Branstetter to CFO, effective September 1. Secrest brings more than 20 years of industry experience, while Branstetter’s internal promotion supports operational and strategic continuity. Outgoing CFO William Byers will remain an adviser through year-end 2026 to facilitate the transition. Targa leadership announcement
Positive Sentiment: Recent operating momentum remains supportive: Targa reported record second-quarter results, including adjusted EPS of $3.54 versus the $2.83 consensus estimate. The company also recently expanded 20-year ExxonMobil-linked Permian agreements and announced three gas-processing plants, a pipeline project and approximately $5.0 billion in 2026 net growth capital. Strong midstream earnings outlook
Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 546 investors added shares while 490 reduced holdings. Analysts’ median price target is $275, below the recent trading level, although several targets remain above $300, indicating divided valuation expectations.
Negative Sentiment: Investors may be applying a discount for leadership uncertainty following Byers’ retirement and the relatively rapid reassignment of Branstetter after his recent move into the logistics role. The change is planned and includes an advisory handoff, but CFO transitions can still increase concerns about execution and capital allocation.
Negative Sentiment: Sharp declines in crude prices on August 25 likely pressured energy shares broadly, including midstream companies, despite Targa’s largely fee-based business model. The stock also faces a cautionary insider-trading signal: reported open-market transactions over the past six months show sales and no purchases, including a director’s sale of 2,400 shares. Targa insider transaction

Insider Transactions at Targa Resources

In other Targa Resources news, Director Waters S. Iv Davis sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total value of $719,208.00. Following the completion of the transaction, the director directly owned 1,529 shares in the company, valued at $458,195.43. This represents a 61.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Targa Resources Company 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.