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 7,407 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
257% more first-time investments, than exits
New positions opened: 175 | Existing positions closed: 49
30% more call options, than puts
Call options by funds: $256M | Put options by funds: $197M
24% more capital invested
Capital invested by funds: $28.7B [Q3] → $35.5B (+$6.81B) [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] → 925 (+114) [Q4]
2.61% more ownership
Funds ownership: 88.57% [Q3] → 91.19% (+2.61%) [Q4]
1% less repeat investments, than reductions
Existing positions increased: 319 | Existing positions reduced: 321
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$206
19%
upside
Avg. target
$224
30%
upside
High target
$244
41%
upside
8 analyst ratings
8 positive
100%
0 neutral
0%
0 negative
0%
Barclays Theresa Chen 33% 1-year accuracy 11 / 33 met price target | 19%upside $206 | Overweight Maintained | 9 Apr 2025 |
Truist Securities Neal Dingmann 10% 1-year accuracy 13 / 126 met price target | 36%upside $235 | Buy Maintained | 18 Mar 2025 |
Morgan Stanley Robert Kad 53% 1-year accuracy 9 / 17 met price target | 41%upside $244 | Overweight Maintained | 17 Mar 2025 |
Scotiabank Brandon Bingham 11% 1-year accuracy 1 / 9 met price target | 22%upside $210 | Sector Outperform Maintained | 6 Mar 2025 |
RBC Capital Elvira Scotto 61% 1-year accuracy 20 / 33 met price target | 28%upside $221 | Outperform Maintained | 3 Mar 2025 |
Financial journalist opinion
Based on 7 articles about TRGP published over the past 30 days
Neutral
GlobeNewsWire
5 days ago
Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2025 Earnings Webcast
HOUSTON, April 10, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash dividend to $1.00 per common share, or $4.00 per common share on an annualized basis, for the first quarter of 2025, consistent with previously disclosed expectations. This dividend represents a 33 percent increase over the common dividend declared with respect to the first quarter of 2024. This cash dividend will be paid May 15, 2025 on all outstanding common shares to holders of record as of the close of business on April 30, 2025.
Positive
Zacks Investment Research
6 days ago
Strength Seen in Targa Resources (TRGP): Can Its 8.2% Jump Turn into More Strength?
Targa Resources (TRGP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Positive
Seeking Alpha
1 week ago
If I Could Only Buy 3 CEFs During This Crash
The market is crashing—but these 3 CEFs offer high yields, deep discounts, and recession resistance. Falling interest rates and rising uncertainty? These funds are built to thrive. Own the chaos: CEFs now on sale with up to 22% discounts.
Neutral
Zacks Investment Research
1 week ago
Targa Partners With WPC JV and Reaches FID for Traverse Pipeline
TRGP, in partnership with WPC JV, reaches a FID for the construction of the Traverse Pipeline to transport natural gas to key areas.
Neutral
PRNewsWire
1 week ago
TRAVERSE PIPELINE REACHES FINAL INVESTMENT DECISION TO TRANSPORT NATURAL GAS BETWEEN AGUA DULCE AND THE KATY AREA
AUSTIN, Texas , April 3, 2025 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE: MPLX), and Enbridge Inc. (NYSE: ENB), through the WPC joint venture ("WPC"), have partnered with an affiliate of Targa Resources Corp. (NYSE: TRGP) and have reached final investment decision to move forward with the construction of the Traverse Pipeline, having secured sufficient firm transportation agreements with investment grade shippers. The bi-directional Traverse Pipeline is designed to transport up to 1.75 billion cubic feet per day (Bcf/d) of natural gas through approximately 160 miles of 36-inch pipeline along the Gulf Coast between Agua Dulce in South Texas and the Katy area.
Positive
Seeking Alpha
3 weeks 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
4 weeks 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
1 month 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
1 month 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.
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