Targa Resources FY2026 EPS Increased by US Capital Advisors

Targa Resources, Inc. (NYSE:TRGP) – Equities research analysts at US Capital Advisors upped their FY2026 EPS estimates for Targa Resources in a research note issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $10.98 per share for the year, up from their prior forecast of $10.24. US Capital Advisors has a “Moderate Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $11.13 per share.

TRGP has been the subject of several other research reports. Erste Group Bank began coverage on shares of Targa Resources in a report on Thursday, June 25th. They issued a “buy” rating for the company. Raymond James Financial set a $335.00 price target on Targa Resources in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price objective on Targa Resources from $310.00 to $312.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Targa Resources from $291.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Targa Resources presently has a consensus rating of “Buy” and an average target price of $297.18.

Targa Resources Stock Performance

Shares of TRGP stock opened at $287.10 on Monday. The firm’s 50 day moving average price is $273.17 and its 200-day moving average price is $255.72. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77. Targa Resources has a one year low of $144.14 and a one year high of $307.94. The firm has a market cap of $61.56 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.41 and a beta of 0.72.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.71. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.90 billion.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s payout ratio is currently 47.80%.

Insider Buying and Selling at Targa Resources

In related news, Director Waters S. Iv Davis sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the sale, the director directly owned 1,529 shares in the company, valued at approximately $458,195.43. This represents a 61.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRGP. California State Teachers Retirement System raised its holdings in shares of Targa Resources by 37,275.4% in the 2nd quarter. California State Teachers Retirement System now owns 93,258,824 shares of the pipeline company’s stock valued at $25,006,421,000 after purchasing an additional 93,009,305 shares in the last quarter. BlackRock Inc. grew its stake in shares of Targa Resources by 1.4% during the second quarter. BlackRock Inc. now owns 20,832,687 shares of the pipeline company’s stock worth $5,586,077,000 after purchasing an additional 291,114 shares in the last quarter. State Street Corp increased its holdings in Targa Resources by 1.3% in the fourth quarter. State Street Corp now owns 12,668,233 shares of the pipeline company’s stock valued at $2,337,289,000 after buying an additional 162,878 shares during the last quarter. Geode Capital Management LLC increased its holdings in Targa Resources by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,867,345 shares of the pipeline company’s stock valued at $1,078,497,000 after buying an additional 45,495 shares during the last quarter. Finally, Norges Bank acquired a new stake in Targa Resources in the fourth quarter valued at $735,758,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

More Targa Resources News

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: Targa appointed longtime midstream executive Brent Secrest as President of Logistics and Transportation and promoted Benjamin Branstetter to CFO, effective September 1. Secrest brings more than 20 years of industry experience, while Branstetter’s internal promotion supports operational and strategic continuity. Outgoing CFO William Byers will remain an adviser through year-end 2026 to facilitate the transition. Targa leadership announcement
• Positive Sentiment: Recent operating momentum remains supportive: Targa reported record second-quarter results, including adjusted EPS of $3.54 versus the $2.83 consensus estimate. The company also recently expanded 20-year ExxonMobil-linked Permian agreements and announced three gas-processing plants, a pipeline project and approximately $5.0 billion in 2026 net growth capital. Strong midstream earnings outlook
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 546 investors added shares while 490 reduced holdings. Analysts’ median price target is $275, below the recent trading level, although several targets remain above $300, indicating divided valuation expectations.
• Negative Sentiment: Investors may be applying a discount for leadership uncertainty following Byers’ retirement and the relatively rapid reassignment of Branstetter after his recent move into the logistics role. The change is planned and includes an advisory handoff, but CFO transitions can still increase concerns about execution and capital allocation.
• Negative Sentiment: Sharp declines in crude prices on August 25 likely pressured energy shares broadly, including midstream companies, despite Targa’s largely fee-based business model. The stock also faces a cautionary insider-trading signal: reported open-market transactions over the past six months show sales and no purchases, including a director’s sale of 2,400 shares. Targa insider transaction

Targa Resources Company Profile

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.