US Capital Advisors Comments on Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Research analysts at US Capital Advisors lowered their Q1 2025 earnings per share (EPS) estimates for Targa Resources in a research report issued to clients and investors on Monday, April 28th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $2.06 per share for the quarter, down from their prior forecast of $2.07. US Capital Advisors currently has a “Strong-Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q4 2025 earnings at $2.23 EPS and FY2026 earnings at $9.23 EPS.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings results on Thursday, February 20th. The pipeline company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.46). The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.48 billion. Targa Resources had a net margin of 7.81% and a return on equity of 28.67%.

A number of other research analysts have also recently commented on TRGP. Citigroup upped their target price on shares of Targa Resources from $218.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price target on shares of Targa Resources from $220.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, March 3rd. Truist Financial upped their target price on shares of Targa Resources from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Morgan Stanley upped their target price on shares of Targa Resources from $202.00 to $244.00 and gave the stock an “overweight” rating in a research note on Monday, March 17th. Finally, Mizuho cut their target price on shares of Targa Resources from $226.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday. Thirteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $209.29.

Targa Resources Trading Down 5.1 %

NYSE TRGP opened at $162.23 on Thursday. The firm’s 50-day moving average is $183.11 and its two-hundred day moving average is $188.12. Targa Resources has a 12 month low of $110.09 and a 12 month high of $218.51. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61. The stock has a market capitalization of $35.30 billion, a P/E ratio of 28.26, a PEG ratio of 0.61 and a beta of 1.75.

Targa Resources Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $1.00 dividend. This represents a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, April 30th. Targa Resources’s payout ratio is currently 69.69%.

Insider Activity at Targa Resources

In other news, insider Jennifer R. Kneale sold 29,887 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total transaction of $5,750,856.54. Following the transaction, the insider now directly owns 227,269 shares in the company, valued at $43,731,100.98. The trade was a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider D. Scott Pryor sold 35,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $197.30, for a total transaction of $6,905,500.00. Following the transaction, the insider now owns 82,139 shares in the company, valued at approximately $16,206,024.70. This trade represents a 29.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,914 shares of company stock worth $22,613,288 in the last three months. Insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its position in shares of Targa Resources by 578.9% in the first quarter. Cornerstone Planning Group LLC now owns 129 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 110 shares during the last quarter. Colonial Trust Co SC grew its position in Targa Resources by 5,400.0% during the fourth quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 162 shares during the period. Atala Financial Inc purchased a new stake in Targa Resources during the fourth quarter valued at about $31,000. Cary Street Partners Financial LLC acquired a new stake in shares of Targa Resources in the fourth quarter valued at about $31,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Targa Resources during the 4th quarter valued at about $31,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

About Targa Resources

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.