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 7,296 funds
0
Analysts bullish %
of 9 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
48% more first-time investments, than exits
New positions opened: 133 | 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: 371 | Existing positions reduced: 329
10% more capital invested
Capital invested by funds: $35.5B [Q4 2024] → $38.9B (+$3.38B) [Q1 2025]
3% more funds holding
Funds holding: 928 [Q4 2024] → 952 (+24) [Q1 2025]
1.97% less ownership
Funds ownership: 91.22% [Q4 2024] → 89.25% (-1.97%) [Q1 2025]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$178
2%
upside
Avg. target
$208
19%
upside
High target
$244
40%
upside
9 analyst ratings
9 positive
100%
0 neutral
0%
0 negative
0%
Scotiabank Brandon Bingham | 13%upside $197 | Sector Outperform Maintained | 5 Jun 2025 |
Mizuho Gabriel Moreen | 21%upside $212 | Outperform Maintained | 20 May 2025 |
Barclays Theresa Chen | 2%upside $178 | Overweight Maintained | 20 May 2025 |
UBS Shneur Gershuni | 30%upside $228 | Buy Maintained | 15 May 2025 |
Citigroup Spiro Dounis | 13%upside $197 | Buy Maintained | 9 May 2025 |
Financial journalist opinion
Based on 7 articles about TRGP published over the past 30 days
Positive
Seeking Alpha
1 week 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 week 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 week 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 week 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
3 weeks 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
4 weeks 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.
Negative
Zacks Investment Research
4 weeks ago
3 Refining & Marketing MLPs Poised to Defy Bearish Trends
Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing MLP industry, we advise focusing on companies like TRGP, SUN and GLP.
Negative
Zacks Investment Research
1 month ago
Targa Resources Q1 Earnings Miss Estimates, Expenses Increase Y/Y
TRGP's first-quarter adjusted EBITDA totals $1.2 billion, up from $966.2 million in the prior-year period.
Positive
Zacks Investment Research
1 month ago
Targa Resources (TRGP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Targa Resources (TRGP) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Neutral
Seeking Alpha
1 month ago
Targa Resources Corp. (TRGP) Q1 2025 Earnings Call Transcript
Targa Resources Corp. (TRGP) Q1 2025 Earnings Call Transcript
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