Analysts’ Weekly Ratings Changes for Targa Resources (TRGP)

Several brokerages have updated their recommendations and price targets on shares of Targa Resources (NYSE: TRGP) in the last few weeks:

• 10/20/2026 – Targa Resources had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc.. They now have a $340.00 price target on the stock.
• 10/15/2026 – Targa Resources had its “outperform” rating reaffirmed by Scotiabank. They now have a $319.00 price target on the stock.
• 10/15/2026 – Targa Resources had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $326.00 price target on the stock.
• 10/14/2026 – Targa Resources was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
• 10/13/2026 – Targa Resources had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $322.00 price target on the stock.
• 10/13/2026 – Targa Resources had its price target raised by Citigroup Inc. from $303.00 to $325.00. They now have a “buy” rating on the stock.
• 10/12/2026 – Targa Resources had its price target raised by Citigroup Inc. from $303.00 to $325.00. They now have a “buy” rating on the stock.
• 10/9/2026 – Targa Resources was given a new $335.00 price target by Stifel Nicolaus.
• 10/8/2026 – Targa Resources had its price target raised by Barclays PLC from $284.00 to $294.00. They now have an “overweight” rating on the stock.
• 9/29/2026 – Targa Resources had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 9/22/2026 – Targa Resources had its price target raised by Capital One Financial Corporation from $310.00 to $335.00. They now have an “overweight” rating on the stock.
• 9/21/2026 – Targa Resources had its “buy” rating reaffirmed by Truist Financial Corporation. They now have a $345.00 price target on the stock, up from $312.00.
• 9/18/2026 – Targa Resources was upgraded by TD Cowen from “hold” to “buy”. They now have a $350.00 price target on the stock, up from $275.00.
• 9/16/2026 – Targa Resources had its price target raised by Morgan Stanley from $343.00 to $359.00. They now have an “overweight” rating on the stock.
• 9/11/2026 – Targa Resources had its price target raised by Mizuho from $300.00 to $320.00. They now have an “outperform” rating on the stock.
• 9/10/2026 – Targa Resources had its price target raised by Scotiabank from $257.00 to $314.00. They now have an “outperform” rating on the stock.
• 9/10/2026 – Targa Resources is now covered by Stifel Nicolaus. They set a “buy” rating and a $340.00 price target on the stock.
• 9/2/2026 – Targa Resources had its price target raised by Wells Fargo & Company from $282.00 to $324.00. They now have an “overweight” rating on the stock.
• 8/27/2026 – Targa Resources had its price target raised by Royal Bank Of Canada from $312.00 to $338.00. They now have an “outperform” rating on the stock.

Targa Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Targa Resources’s payout ratio is presently 47.80%.

Insider Activity at Targa Resources

In related news, Director Charles Crisp sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total value of $870,690.00. Following the transaction, the director owned 62,292 shares in the company, valued at approximately $18,079,007.16. This represents a 4.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Chung sold 1,816 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total transaction of $537,735.76. Following the sale, the director owned 44,000 shares of the company’s stock, valued at $13,028,840. This trade represents a 3.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 7,216 shares of company stock worth $2,127,634. Insiders own 1.37% of the company’s stock.

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.