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)
185% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 47
22% more call options, than puts
Call options by funds: $232M | Put options by funds: $191M
16% more repeat investments, than reductions
Existing positions increased: 311 | Existing positions reduced: 268
11% more funds holding
Funds holding: 731 [Q2] → 808 (+77) [Q3]
10% more capital invested
Capital invested by funds: $26.3B [Q2] → $29B (+$2.62B) [Q3]
5% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 21 (+1) [Q3]
2.88% less ownership
Funds ownership: 92.18% [Q2] → 89.29% (-2.88%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Barclays Christine Cho 60% 1-year accuracy 28 / 47 met price target | 5%downside $204 | Overweight Maintained | 13 Jan 2025 |
Scotiabank Holly Stewart 100% 1-year accuracy 3 / 3 met price target | 1%upside $218 | Sector Outperform Initiated | 10 Jan 2025 |
Goldman Sachs John Mackay 78% 1-year accuracy 18 / 23 met price target | 3%upside $223 | Buy Maintained | 19 Dec 2024 |
Wells Fargo Michael Blum 79% 1-year accuracy 27 / 34 met price target | 5%downside $204 | Overweight Maintained | 18 Dec 2024 |
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 2%upside $220 | Buy Maintained | 13 Dec 2024 |
Financial journalist opinion
Based on 8 articles about TRGP published over the past 30 days
