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: 3,186
0
Funds holding %
of 7,390 funds
0
Analysts bullish %
of 10 analysts
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
Low target
$204
3%
upside
Avg. target
$222
11%
upside
High target
$244
23%
upside
10 analyst ratings
10 positive
100%
0 neutral
0%
0 negative
0%
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
Positive
Seeking Alpha
6 days ago
Targa Resources May Still Interest Growth Investors
Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa's stock price is up over 50% in less than a year, but the company has good growth projects underway.
Positive
Zacks Investment Research
1 week ago
Targa's Shares Gain 29% in Six Months: Time to Buy or Hold?
TRGP offers solid financial performance and stable revenues from fee-based contracts but is exposed to regulatory uncertainties, market competition and execution risks.
Negative
Zacks Investment Research
4 weeks ago
Targa Resources Q4 Earnings Miss Estimates, Revenues Increase Y/Y
TRGP's adjusted EBITDA for the fourth quarter totaled $1.1 billion, up from $959.9 million in the prior-year period.
Positive
Seeking Alpha
4 weeks ago
Miller-Howard Infrastructure Q4 2024 Commentary
Infrastructure portfolio remained flat in Q4 but achieved its strongest calendar year in three years, outperforming its benchmark. Rising interest rates impacted REITs and utilities, while natural gas pipelines benefited from data center and AI trends. Over 80% of portfolio holdings increased dividends annually over the past 5 years, surpassing the large-cap dividend-paying universe.
Positive
Zacks Investment Research
1 month ago
3 Reasons Growth Investors Will Love Targa Resources (TRGP)
Targa Resources (TRGP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Positive
Zacks Investment Research
1 month ago
Targa Resources (TRGP) Upgraded to Buy: Here's What You Should Know
Targa Resources (TRGP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
GlobeNewsWire
1 month ago
Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes
HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 5.550% Senior Notes due 2035 and $1.0 billion aggregate principal amount of its 6.125% Senior Notes due 2055 at a price to the public of 99.610% and 99.781% of their face value, respectively. The Offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.
Positive
Zacks Investment Research
1 month ago
3 Solid Options Amid Refining & Marketing MLP Industry Tumult
Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing MLP industry, we advise focusing on companies like TRGP, GLP and CAPL.
Neutral
GlobeNewsWire
1 month ago
Targa Resources Corp. Announces Form 10-K Available
HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2024. The report may be accessed at www.sec.gov.
Neutral
Seeking Alpha
1 month ago
Targa Resources Corp. (TRGP) Q4 2024 Earnings Call Transcript
Targa Resources Corp. (NYSE:TRGP ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Manav Gupta - UBS AJ O'Donnell - TPH Michael Blum - Wells Fargo Neal Dingmann - Truist Securities Theresa Chen - Barclays Brandon Bingham - Scotiabank Harry Mateer - Barclays Sunil Sibal - Seaport Global Operator Thank you for standing by, and welcome to Targa Resource Corp's Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
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