TRGP stock icon

Targa Resources
TRGP

$129.83
0.96%
 

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: 3,186

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 18 analysts
0
News positive %
of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

34% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 62

26% more capital invested

Capital invested by funds: $17.8B [Q4 2023] → $22.5B (+$4.72B) [Q1 2024]

18% more call options, than puts

Call options by funds: $158M | Put options by funds: $133M

12% more funds holding in top 10

Funds holding in top 10: 17 [Q4 2023] → 19 (+2) [Q1 2024]

3% more funds holding

Funds holding: 643 [Q4 2023] → 664 (+21) [Q1 2024]

14% less repeat investments, than reductions

Existing positions increased: 221 | Existing positions reduced: 257

37.44% less ownership

Funds ownership: 127.77% [Q4 2023] → 90.32% (-37.44%) [Q1 2024]

Research analyst outlook

18 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$105
19%
downside
Avg. target
$124
5%
downside
High target
$147
13%
upside

18 analyst ratings

18 positive
100%
neutral
0%
negative
0%
UBS
Shneur Gershuni
13%upside
$147
Buy
Maintained
11 Jun 2024
Morgan Stanley
Robert Kad
8%upside
$140
Overweight
Maintained
10 Jun 2024
Truist Securities
Neal Dingmann
4%downside
$125
Buy
Maintained
10 Jun 2024
JP Morgan
Jeremy Tonet
8%upside
$140
Overweight
Maintained
7 Jun 2024
RBC Capital
Elvira Scotto
1%downside
$128
Outperform
Maintained
16 May 2024

Financial journalist opinion

Based on 5 articles about TRGP published over the past 30 days