Pinnacle Holdings LLC Invests $5.78 Million in Targa Resources, Inc. $TRGP

Pinnacle Holdings LLC bought a new position in shares of Targa Resources, Inc. (NYSE:TRGP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,569 shares of the pipeline company’s stock, valued at approximately $5,784,000. Targa Resources makes up 1.8% of Pinnacle Holdings LLC’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new stake in shares of Targa Resources during the second quarter valued at approximately $33,000. CoreCap Advisors LLC boosted its position in shares of Targa Resources by 245.9% during the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 91 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Targa Resources during the second quarter worth $35,000. Atlantic Union Bankshares Corp purchased a new position in Targa Resources during the fourth quarter valued at $27,000. Finally, Miller Capital Partners Inc. purchased a new position in Targa Resources during the fourth quarter valued at $30,000. Institutional investors own 92.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRGP shares. Jefferies Financial Group increased their price objective on shares of Targa Resources from $324.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a report on Wednesday, May 27th. US Capital Advisors downgraded Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, May 29th. UBS Group reissued a “buy” rating and set a $318.00 price target on shares of Targa Resources in a research note on Thursday, July 9th. Finally, Wolfe Research set a $335.00 price target on Targa Resources in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $297.18.

Targa Resources Stock Performance

Shares of NYSE:TRGP opened at $300.01 on Monday. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $307.94. The stock has a market capitalization of $64.33 billion, a P/E ratio of 28.68, a PEG ratio of 1.43 and a beta of 0.72. The firm has a fifty day simple moving average of $271.98 and a two-hundred day simple moving average of $254.49. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01.

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

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 payout ratio is presently 47.80%.

Key Headlines Impacting Targa Resources

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

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.