Sendero Wealth Management LLC Acquires New Position in Targa Resources, Inc. $TRGP

Sendero Wealth Management LLC acquired a new stake in shares of Targa Resources, Inc. (NYSE:TRGP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,953 shares of the pipeline company’s stock, valued at approximately $4,050,000.

Several other large investors have also recently modified their holdings of the business. Olistico Wealth LLC purchased a new position in shares of Targa Resources in the fourth quarter worth about $27,000. Peak Financial Advisors LLC lifted its stake in shares of Targa Resources by 221.3% during the 4th quarter. Peak Financial Advisors LLC now owns 14,101 shares of the pipeline company’s stock valued at $2,602,000 after buying an additional 9,712 shares in the last quarter. PUREfi Wealth LLC bought a new position in Targa Resources in the 4th quarter worth approximately $313,000. Czech National Bank boosted its holdings in Targa Resources by 3.6% in the 4th quarter. Czech National Bank now owns 56,603 shares of the pipeline company’s stock worth $10,443,000 after buying an additional 1,948 shares during the period. Finally, Viking Fund Management LLC grew its stake in Targa Resources by 24.0% in the 4th quarter. Viking Fund Management LLC now owns 31,000 shares of the pipeline company’s stock valued at $5,720,000 after buying an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Targa Resources Trading Up 1.9%

Targa Resources stock opened at $250.17 on Friday. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67. Targa Resources, Inc. has a fifty-two week low of $144.14 and a fifty-two week high of $252.45. The stock has a market cap of $53.77 billion, a P/E ratio of 29.12, a PEG ratio of 1.61 and a beta of 0.84. The firm’s fifty day moving average price is $221.86 and its 200-day moving average price is $187.79.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.12 billion. Equities research analysts forecast that Targa Resources, Inc. will post 8.15 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

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

Key Stories Impacting Targa Resources

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance, signaling institutional confidence that can drive demand for the shares. Truist coverage
• Positive Sentiment: UBS published a note forecasting strong price appreciation for TRGP, a high‑profile endorsement that can prompt fresh inflows from institutional investors. UBS forecast
• Positive Sentiment: US Capital Advisors raised EPS forecasts for multiple periods (Q2 2026, FY2026, Q4 2027, FY2028), indicating analysts expect stronger future earnings growth — a direct positive for valuation and investor sentiment. US Capital Advisors estimates
• Neutral Sentiment: Industry brokers published Q1 earnings expectations for Targa; these set the near‑term bar management must clear and increase focus on the upcoming quarterly release (outcome will affect price momentum). Brokers’ Q1 expectations
• Negative Sentiment: Balance‑sheet and valuation risks remain: TRGP carries high leverage (debt/equity ~5.2) and modest liquidity ratios, meaning the stock could be more sensitive to commodity or rate shocks despite bullish analyst views.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Stifel Nicolaus raised their price target on Targa Resources from $213.00 to $243.00 and gave the stock a “buy” rating in a report on Friday, February 20th. TD Cowen boosted their price objective on Targa Resources from $192.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Wells Fargo & Company increased their price objective on Targa Resources from $248.00 to $264.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Finally, UBS Group raised their target price on Targa Resources from $228.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.57.

Insiders Place Their Bets

In other Targa Resources news, insider D. Scott Pryor sold 17,500 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $228.92, for a total transaction of $4,006,100.00. Following the completion of the sale, the insider directly owned 31,938 shares in the company, valued at $7,311,246.96. This represents a 35.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 1,359 shares of the firm’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 transaction, the director directly owned 77,094 shares in the company, valued at $17,677,654.20. This trade represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 104,929 shares of company stock valued at $24,692,134 over the last three months. 1.34% of the stock is currently owned by company insiders.

Targa Resources Profile

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.