Recent Analysts’ Ratings Updates for Targa Resources (TRGP)

Targa Resources (NYSE: TRGP) has recently received a number of price target changes and ratings updates:

• 3/24/2026 – Targa Resources had its price target raised by UBS Group AG from $228.00 to $280.00. They now have a “buy” rating on the stock.
• 3/24/2026 – Targa Resources is now covered by Truist Financial Corporation. They set a “buy” rating and a $279.00 price target on the stock.
• 3/23/2026 – Targa Resources was upgraded by Truist Financial Corporation to “strong-buy”.
• 3/19/2026 – Targa Resources had its price target raised by Mizuho from $207.00 to $260.00. They now have an “outperform” rating on the stock.
• 3/13/2026 – Targa Resources had its price target raised by Wells Fargo & Company from $248.00 to $264.00. They now have an “overweight” rating on the stock.
• 3/3/2026 – Targa Resources had its price target raised by Morgan Stanley from $266.00 to $298.00. They now have an “overweight” rating on the stock.
• 2/27/2026 – Targa Resources had its price target raised by Royal Bank Of Canada from $218.00 to $260.00. They now have an “outperform” rating on the stock.
• 2/24/2026 – Targa Resources had its “outperform” rating reaffirmed by Scotiabank.
• 2/24/2026 – Targa Resources had its price target raised by Citigroup Inc. from $200.00 to $262.00. They now have a “buy” rating on the stock.
• 2/24/2026 – Targa Resources had its price target raised by Scotiabank from $224.00 to $246.00. They now have a “sector outperform” rating on the stock.
• 2/23/2026 – Targa Resources had its price target raised by TD Cowen from $192.00 to $220.00. They now have a “hold” rating on the stock.
• 2/20/2026 – Targa Resources had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $242.00 price target on the stock.
• 2/20/2026 – Targa Resources had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $241.00 price target on the stock.
• 2/20/2026 – Targa Resources had its price target raised by Stifel Nicolaus from $213.00 to $243.00. They now have a “buy” rating on the stock.
• 2/20/2026 – Targa Resources had its “overweight” rating reaffirmed by Barclays PLC. They now have a $226.00 price target on the stock.
• 2/20/2026 – Targa Resources had its price target raised by Wells Fargo & Company from $207.00 to $248.00. They now have an “overweight” rating on the stock.
• 1/29/2026 – Targa Resources was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 1/28/2026 – Targa Resources had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $266.00 price target on the stock.

Targa Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, January 30th. Targa Resources’s dividend payout ratio is 46.57%.

Insider Buying and Selling

In related news, insider D. Scott Pryor sold 17,500 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $228.92, for a total value of $4,006,100.00. Following the transaction, the insider owned 31,938 shares in the company, valued at approximately $7,311,246.96. This trade represents a 35.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 1,359 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total value of $311,618.70. Following the completion of the transaction, the director directly owned 77,094 shares of the company’s stock, valued at approximately $17,677,654.20. This trade represents a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 104,929 shares of company stock valued at $24,692,134 in the last ninety days. Insiders own 1.34% of the company’s stock.

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.