Targa ResourcesTRGP
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
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
248% more first-time investments, than exits
New positions opened: 174 | Existing positions closed: 50
30% more call options, than puts
Call options by funds: $256M | Put options by funds: $197M
23% more capital invested
Capital invested by funds: $28.9B [Q3] → $35.6B (+$6.65B) [Q4]
14% more funds holding in top 10
Funds holding in top 10: 21 [Q3] → 24 (+3) [Q4]
14% more funds holding
Funds holding: 811 [Q3] → 921 (+110) [Q4]
2.12% more ownership
Funds ownership: 89.13% [Q3] → 91.25% (+2.12%) [Q4]
2% less repeat investments, than reductions
Existing positions increased: 316 | Existing positions reduced: 321
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Barclays Theresa Chen 39% 1-year accuracy 12 / 31 met price target | 6%upside $211 | Overweight Maintained | 21 Mar 2025 |
Truist Securities Neal Dingmann 31% 1-year accuracy 45 / 147 met price target | 18%upside $235 | Buy Maintained | 18 Mar 2025 |
Morgan Stanley Robert Kad 82% 1-year accuracy 14 / 17 met price target | 23%upside $244 | Overweight Maintained | 17 Mar 2025 |
Scotiabank Brandon Bingham 67% 1-year accuracy 6 / 9 met price target | 6%upside $210 | Sector Outperform Maintained | 6 Mar 2025 |
RBC Capital Elvira Scotto 89% 1-year accuracy 31 / 35 met price target | 11%upside $221 | Outperform Maintained | 3 Mar 2025 |
Financial journalist opinion
Based on 4 articles about TRGP published over the past 30 days









