NEOS Investment Management LLC Acquires 7,786 Shares of Targa Resources, Inc. $TRGP

NEOS Investment Management LLC boosted its holdings in Targa Resources, Inc. (NYSE:TRGP) by 45.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,951 shares of the pipeline company’s stock after buying an additional 7,786 shares during the period. NEOS Investment Management LLC’s holdings in Targa Resources were worth $4,180,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Alps Advisors Inc. lifted its holdings in shares of Targa Resources by 5.5% during the third quarter. Alps Advisors Inc. now owns 143,904 shares of the pipeline company’s stock valued at $24,110,000 after acquiring an additional 7,497 shares during the period. Commonwealth Equity Services LLC grew its position in Targa Resources by 137.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 66,636 shares of the pipeline company’s stock worth $11,164,000 after acquiring an additional 38,626 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in Targa Resources by 2.4% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 682,300 shares of the pipeline company’s stock valued at $114,313,000 after purchasing an additional 16,000 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Targa Resources by 5.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 484,462 shares of the pipeline company’s stock valued at $81,167,000 after purchasing an additional 22,969 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Targa Resources by 13.5% in the third quarter. Nordea Investment Management AB now owns 146,368 shares of the pipeline company’s stock worth $24,325,000 after purchasing an additional 17,457 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

Targa Resources Stock Down 1.4%

Shares of NYSE TRGP opened at $224.38 on Friday. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $232.86. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.61 and a current ratio of 0.77. The stock has a market cap of $48.17 billion, a P/E ratio of 29.84, a P/E/G ratio of 0.98 and a beta of 0.88. The firm has a 50 day moving average price of $193.52 and a 200 day moving average price of $175.04.

Targa Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $1.00 dividend. The ex-dividend date was Friday, January 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.8%. Targa Resources’s dividend payout ratio is currently 53.19%.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Reported record Q4 and full‑year 2025 results and issued a bullish outlook for 2026, plus a dividend increase — supportive for long‑term income-focused holders. Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026
• Positive Sentiment: Beat adjusted/core profit estimates as higher natural gas and NGL transport volumes boosted margins — explains some of the fundamental strength despite mixed headline numbers. Targa Resources beats quarterly core profit estimates on boost in gas volumes
• Neutral Sentiment: 10‑K for year ended Dec. 31, 2025 has been filed and is available — useful for digging into leverage, segment results and reserve/contract disclosures. Targa Resources Corp. Announces Form 10‑K Available
• Neutral Sentiment: Earnings call transcript and the presentation are available for investors who want management’s commentary on volumes, margin drivers, and 2026 guidance. Q4 2025 Earnings Call Transcript Earnings Call Presentation
• Negative Sentiment: GAAP EPS missed consensus by roughly $0.03 and revenue was slightly below estimates — the headline miss likely drove short‑term selling pressure. Targa Resources earnings missed by $0.03, revenue fell short of estimates
• Negative Sentiment: Valuation and leverage remain investor considerations after a recent run‑up in the share price (P/E ~30.7, high debt‑to‑equity). A recent write‑up flagged stretched valuation following strong momentum, which can exacerbate pullbacks on mixed results. A Look At Targa Resources (TRGP) Valuation After Strong Recent Share Price Momentum

Insider Buying and Selling

In other Targa Resources news, insider Gerald R. Shrader sold 2,750 shares of Targa Resources stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $181.21, for a total transaction of $498,327.50. Following the transaction, the insider directly owned 29,561 shares in the company, valued at approximately $5,356,748.81. The trade was a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TRGP shares. Royal Bank Of Canada boosted their target price on shares of Targa Resources from $213.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Morgan Stanley reissued an “overweight” rating and set a $266.00 price objective on shares of Targa Resources in a report on Wednesday, January 28th. Stifel Nicolaus set a $213.00 target price on shares of Targa Resources in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Targa Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings raised shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Targa Resources presently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

About Targa Resources

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.