Callan Family Office LLC Invests $1.83 Million in Targa Resources, Inc. $TRGP

Callan Family Office LLC acquired a new stake in shares of Targa Resources, Inc. (NYSE:TRGP) in the second quarter, HoldingsChannel.com reports. The fund acquired 6,836 shares of the pipeline company’s stock, valued at approximately $1,833,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRGP. CoreCap Advisors LLC increased its position in Targa Resources by 245.9% in the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock worth $34,000 after buying an additional 91 shares in the last quarter. Virtus Advisers LLC purchased a new position in shares of Targa Resources during the 2nd quarter valued at about $35,000. Atlantic Union Bankshares Corp purchased a new position in shares of Targa Resources during the 4th quarter valued at about $27,000. Miller Capital Partners Inc. bought a new position in shares of Targa Resources during the 4th quarter valued at approximately $30,000. Finally, Global Assets Advisory LLC bought a new position in shares of Targa Resources during the 1st quarter valued at approximately $41,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Targa Resources News Roundup

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

• Positive Sentiment: Long-term ExxonMobil contracts strengthen growth visibility. Targa secured 20-year, fee-based agreements with ExxonMobil covering the Permian Delaware and Midland basins. The arrangements support new processing and takeaway infrastructure through 2046, potentially improving cash-flow visibility and extending Targa’s Permian growth runway. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: Jefferies initiated or reiterated a Buy rating. The endorsement provides additional analyst support for TRGP’s long-term growth and infrastructure outlook. Targa Resources Gets a Buy from Jefferies
• Neutral Sentiment: Higher capital spending raises execution risk. The ExxonMobil-related infrastructure buildout could create meaningful future growth, but increased 2026 spending may pressure near-term free cash flow and heighten construction and execution demands. How Targa’s ExxonMobil Deal Could Extend Its Permian Growth Runway
• Negative Sentiment: US Capital Advisors reduced multiple EPS forecasts. The firm cut estimates for late 2026, all quarters of 2027, FY2027 EPS from $11.75 to $11.05, and FY2028 EPS from $13.42 to $12.73. Although it maintained a “Moderate Buy” rating, the revisions suggest expectations for slower earnings growth.
• Negative Sentiment: Premium valuation may limit upside. TRGP is trading close to its 52-week high following an approximately 85% rally, while heavy spending and potentially moderating marketing gains have raised questions about whether the current valuation fully reflects future growth. Targa Resources’ Stock Near 52-Week High

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Erste Group Bank started coverage on shares of Targa Resources in a research note on Thursday, June 25th. They set a “buy” rating on the stock. Mizuho upped their price target on shares of Targa Resources from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. US Capital Advisors cut shares of Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, May 29th. Raymond James Financial set a $335.00 price objective on shares of Targa Resources in a research report on Friday, August 7th. Finally, UBS Group restated a “buy” rating and set a $318.00 target price on shares of Targa Resources in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $297.18.

Targa Resources Stock Up 0.3%

NYSE TRGP opened at $300.01 on Monday. The stock’s 50 day moving average is $271.98 and its 200 day moving average is $254.49. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $307.94. The stock has a market cap of $64.33 billion, a PE ratio of 28.68, a P/E/G ratio of 1.43 and a beta of 0.72.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.71. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. Research analysts predict that Targa Resources, Inc. will post 11.13 EPS for the current fiscal year.

Targa Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 31st. Targa Resources’s dividend payout ratio (DPR) is presently 47.80%.

Targa Resources Company 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.