Targa ResourcesTRGP
TRGP
About: Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Employees: 3,370
0
Funds holding %
of 7,312 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
79% more call options, than puts
Call options by funds: $247M | Put options by funds: $138M
49% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 90
29% more funds holding in top 10
Funds holding in top 10: 24 [Q4 2024] → 31 (+7) [Q1 2025]
13% more repeat investments, than reductions
Existing positions increased: 372 | Existing positions reduced: 329
10% more capital invested
Capital invested by funds: $35.5B [Q4 2024] → $38.9B (+$3.39B) [Q1 2025]
3% more funds holding
Funds holding: 928 [Q4 2024] → 954 (+26) [Q1 2025]
1.96% less ownership
Funds ownership: 91.22% [Q4 2024] → 89.26% (-1.96%) [Q1 2025]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$194
13%
upside
Avg. target
$205
19%
upside
High target
$228
33%
upside
8 analyst ratings
8 positive
100%
0 neutral
0%
0 negative
0%
Barclays Theresa Chen | 13%upside $195 | Overweight Maintained | 10 Jul 2025 |
JP Morgan Jeremy Tonet | 22%upside $209 | Overweight Maintained | 10 Jul 2025 |
RBC Capital Elvira Scotto | 19%upside $205 | Outperform Maintained | 26 Jun 2025 |
Scotiabank Brandon Bingham | 15%upside $197 | Sector Outperform Maintained | 5 Jun 2025 |
Mizuho Gabriel Moreen | 23%upside $212 | Outperform Maintained | 20 May 2025 |
Financial journalist opinion
Based on 4 articles about TRGP published over the past 30 days
Neutral
GlobeNewsWire
1 day ago
Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2025 Earnings Webcast
HOUSTON, July 10, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the second quarter of 2025. This cash dividend will be paid August 15, 2025 on all outstanding common shares to holders of record as of the close of business on July 31, 2025.
Positive
Kiplinger
3 days ago
The Best Growth Stocks to Buy
Growth stocks can create significant returns for investors, but what are they and how do you find the best ones? We take a closer look here.
Positive
Zacks Investment Research
3 weeks ago
Targa Resources, Inc. (TRGP) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?
Negative
Zacks Investment Research
3 weeks ago
Targa Stock Up 44% in the Past Year: Is it Time to Buy or Hold?
Targa offers strong EBITDA growth, Permian strength and shareholder returns, but faces debt, capex strain, trade risks and rising midstream competition.
Positive
Seeking Alpha
1 month ago
Midstream Goldmine: Targa Resources Taps The Permian Boom
Targa Resources benefits from strong NGL demand, Permian growth, and a fee-based model driving stable, record EBITDA and sustainable cash flows. Aggressive capex and expansion, combined with disciplined deleveraging, position Targa for long-term growth and shareholder value through dividends and buybacks. Risks include heavy Permian dependence and potential regulatory/environmental headwinds, but current tailwinds outweigh these concerns for now.
Positive
Seeking Alpha
1 month ago
Targa Resources: Underappreciated Resilience Supports Upside
Targa Resources has de-risked its business, now 90% fee-based, and grown EBITDA by 24% over five years, driven by Permian Basin expansion. Despite underperformance and a lower dividend yield versus peers, Targa's strong cash flow and buybacks support shareholder returns and future dividend growth. Ongoing export growth, a robust capital program, and improved balance sheet position, Targa for continued volume and earnings expansion.
Neutral
GlobeNewsWire
1 month ago
Targa Resources Corp. Prices $1.5 Billion Offering of Senior Notes
HOUSTON, June 04, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $750 million aggregate principal amount of its 4.900% Senior Notes due 2030 and $750 million aggregate principal amount of its 5.650% Senior Notes due 2036 at a price to the public of 99.870% and 99.700% of their face value, respectively. The Offering is expected to close on June 18, 2025, subject to the satisfaction of customary closing conditions.
Positive
Zacks Investment Research
1 month ago
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?
Positive
Zacks Investment Research
1 month ago
Why Targa Resources, Inc. (TRGP) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?
Neutral
CNBC Television
1 month ago
Trade Tracker: Kevin Simpson buys Coca-Cola & Cisco and sells Targa Resources
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest trades.
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