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 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 132 | Existing positions closed: 66
22% more call options, than puts
Call options by funds: $232M | Put options by funds: $191M
15% more repeat investments, than reductions
Existing positions increased: 304 | Existing positions reduced: 264
10% more capital invested
Capital invested by funds: $26.2B [Q2] → $28.7B (+$2.53B) [Q3]
9% more funds holding
Funds holding: 730 [Q2] → 796 (+66) [Q3]
5% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 21 (+1) [Q3]
3.1% less ownership
Funds ownership: 91.65% [Q2] → 88.55% (-3.1%) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
UBS Shneur Gershuni 82% 1-year accuracy 14 / 17 met price target | 25%upside $246 | Buy Maintained | 15 Nov 2024 |
Truist Securities Neal Dingmann 50% 1-year accuracy 73 / 145 met price target | 15%upside $225 | Buy Maintained | 15 Nov 2024 |
RBC Capital Elvira Scotto 90% 1-year accuracy 26 / 29 met price target | 2%upside $199 | Outperform Maintained | 11 Nov 2024 |
Wells Fargo Michael Blum 75% 1-year accuracy 18 / 24 met price target | 3%downside $190 | Overweight Maintained | 6 Nov 2024 |
Truist Securities Neal Dingmann 50% 1-year accuracy 73 / 145 met price target | 11%downside $175 | Buy Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 10 articles about TRGP published over the past 30 days
