Targa Resources, Inc. (NYSE:TRGP) Given Consensus Rating of “Moderate Buy” by Analysts

Targa Resources, Inc. (NYSE:TRGP) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $252.5714.

A number of brokerages recently weighed in on TRGP. Barclays reiterated an “overweight” rating and set a $226.00 price objective on shares of Targa Resources in a report on Friday, February 20th. Royal Bank Of Canada raised their target price on shares of Targa Resources from $218.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Scotiabank reaffirmed an “outperform” rating on shares of Targa Resources in a research note on Tuesday, February 24th. Morgan Stanley boosted their price target on Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, UBS Group increased their price objective on Targa Resources from $228.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday.

Insider Activity

In other Targa Resources news, President Jennifer R. Kneale sold 29,509 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $230.12, for a total transaction of $6,790,611.08. Following the transaction, the president directly owned 235,260 shares in the company, valued at $54,138,031.20. This represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Crisp sold 1,359 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total transaction of $311,618.70. Following the completion of the sale, the director owned 77,094 shares of the company’s stock, valued at approximately $17,677,654.20. This represents a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 104,929 shares of company stock valued at $24,692,134. Company insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Targa Resources

Several institutional investors have recently bought and sold shares of TRGP. Atlantic Union Bankshares Corp bought a new position in Targa Resources in the fourth quarter worth approximately $27,000. Olistico Wealth LLC bought a new stake in Targa Resources during the 4th quarter valued at $27,000. Miller Capital Partners Inc. purchased a new position in shares of Targa Resources in the 4th quarter valued at $30,000. Leonteq Securities AG purchased a new position in shares of Targa Resources in the 4th quarter valued at $31,000. Finally, Peoples Financial Services CORP. bought a new position in shares of Targa Resources in the 3rd quarter worth $34,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Targa Resources Stock Up 1.9%

NYSE:TRGP opened at $250.17 on Friday. The company has a market cap of $53.77 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. Targa Resources has a twelve month low of $144.14 and a twelve month high of $252.45. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21. The stock has a fifty day simple moving average of $221.86 and a 200-day simple moving average of $187.79.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. Analysts anticipate that Targa Resources will post 8.15 EPS for the current year.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Targa Resources’s dividend payout ratio is presently 46.57%.

Key Targa Resources News

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance, signaling institutional confidence that can drive demand for the shares. Truist coverage
• Positive Sentiment: UBS published a note forecasting strong price appreciation for TRGP, a high‑profile endorsement that can prompt fresh inflows from institutional investors. UBS forecast
• Positive Sentiment: US Capital Advisors raised EPS forecasts for multiple periods (Q2 2026, FY2026, Q4 2027, FY2028), indicating analysts expect stronger future earnings growth — a direct positive for valuation and investor sentiment. US Capital Advisors estimates
• Neutral Sentiment: Industry brokers published Q1 earnings expectations for Targa; these set the near‑term bar management must clear and increase focus on the upcoming quarterly release (outcome will affect price momentum). Brokers’ Q1 expectations
• Negative Sentiment: Balance‑sheet and valuation risks remain: TRGP carries high leverage (debt/equity ~5.2) and modest liquidity ratios, meaning the stock could be more sensitive to commodity or rate shocks despite bullish analyst views.

About Targa Resources

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.