Targa Resources (TRGP)

• Market cap: $35.5B
• 1 day: 1.17%
• 5 days: 1.45%
• 1 month: 2.36%
• 3 months: -2.83%
• 6 months: -16.15%
• Year to date: -9.95%
• 1 year: 8.44%
• 5 years: 930.31%
• 10 years: 166.36%
• Sector: Energy
• Industry: Oil & Gas Midstream

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

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

102% more call options, than puts

Call options by funds: $180M | Put options by funds: $89.3M

1.35% more ownership

Funds ownership: 89.28% [Q1] → 90.63% (+1.35%) [Q2]

5% less repeat investments, than reductions

Existing positions increased: 331 | Existing positions reduced: 349

7% less funds holding

Funds holding: 961 [Q1] → 896 (-65) [Q2]

12% less capital invested

Capital invested by funds: $38.9B [Q1] → $34.2B (-$4.72B) [Q2]

29% less funds holding in top 10

Funds holding in top 10: 31 [Q1] → 22 (-9) [Q2]

33% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 143

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $195
• Avg. target: $205
• High target: $209

6 analyst ratings

• positive: 6 100%
• neutral: 0 0%
• negative: 0 0%

Mizuho Gabriel Moreen	$207	Outperform Maintained	29 Aug 2025
Scotiabank Brandon Bingham	$204	Sector Outperform Maintained	14 Aug 2025
RBC Capital Elvira Scotto	$208	Outperform Maintained	12 Aug 2025
Wells Fargo Michael Blum	$205	Overweight Maintained	8 Aug 2025
Barclays Theresa Chen	$195	Overweight Maintained	10 Jul 2025