Profund Advisors LLC Sells 2,442 Shares of Targa Resources, Inc. $TRGP

Profund Advisors LLC trimmed its holdings in Targa Resources, Inc. (NYSE:TRGP) by 21.5% during the third quarter, Holdings Channel reports. The institutional investor owned 8,898 shares of the pipeline company’s stock after selling 2,442 shares during the period. Profund Advisors LLC’s holdings in Targa Resources were worth $2,405,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TRGP. Vise Technologies Inc. raised its position in shares of Targa Resources by 9.6% in the 3rd quarter. Vise Technologies Inc. now owns 12,858 shares of the pipeline company’s stock worth $3,476,000 after buying an additional 1,126 shares during the period. Moss Adams Wealth Advisors LLC purchased a new stake in Targa Resources during the third quarter valued at about $324,000. Avestar Capital LLC increased its stake in Targa Resources by 29.5% during the third quarter. Avestar Capital LLC now owns 1,975 shares of the pipeline company’s stock worth $534,000 after acquiring an additional 450 shares during the last quarter. State of Wyoming acquired a new stake in Targa Resources during the third quarter worth about $132,000. Finally, International Assets Investment Management LLC lifted its position in Targa Resources by 6,035.0% during the third quarter. International Assets Investment Management LLC now owns 60,000 shares of the pipeline company’s stock valued at $16,219,000 after buying an additional 59,022 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Paul W. Chung sold 1,816 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total transaction of $537,735.76. Following the completion of the transaction, the director directly owned 44,000 shares in the company, valued at approximately $13,028,840. This represents a 3.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the sale, the director directly owned 62,292 shares of the company’s stock, valued at $18,079,007.16. The trade was a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,216 shares of company stock worth $2,127,634 in the last three months. 1.37% of the stock is owned by insiders.

Targa Resources Stock Down 0.0%

Shares of Targa Resources stock opened at $314.97 on Monday. The business has a 50-day moving average of $290.34 and a 200-day moving average of $258.86. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68. The company has a market capitalization of $67.54 billion, a PE ratio of 30.11, a P/E/G ratio of 1.30 and a beta of 0.76. Targa Resources, Inc. has a 1-year low of $151.24 and a 1-year high of $316.60.

Targa Resources (NYSE:TRGP) last released its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, topping the consensus estimate of $2.83 by $0.71. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. As a group, equities analysts forecast that Targa Resources, Inc. will post 11.42 EPS for the current fiscal year.

Targa Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, October 30th. This represents a $5.00 annualized dividend and a yield of 1.6%. Targa Resources’s payout ratio is currently 47.80%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Targa Resources from $312.00 to $338.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Morgan Stanley increased their price target on Targa Resources from $343.00 to $359.00 and gave the company an “overweight” rating in a report on Wednesday, September 16th. Truist Financial reissued a “buy” rating and issued a $345.00 price objective (up from $312.00) on shares of Targa Resources in a research report on Monday, September 21st. Wolfe Research set a $335.00 price objective on Targa Resources in a research note on Friday, August 7th. Finally, Capital One Financial upped their target price on Targa Resources from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $325.47.

Trending Headlines about Targa Resources

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

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. US Capital Advisors increased its estimates for third-quarter 2026 EPS to $2.53 from $2.51, raised 2027 quarterly forecasts, and lifted full-year 2027 EPS to $11.65 from $11.05. Its FY2028 estimate also rose to $12.87 from $12.73. The revisions suggest stronger expected operating performance and provide a positive catalyst for TRGP. MarketBeat analyst estimate updates
• Positive Sentiment: The upcoming earnings report could exceed expectations. Zacks said Targa has favorable conditions for a potential earnings beat, based on the combination of analyst estimate revisions and other earnings-prediction indicators. A stronger-than-expected report or outlook could support the stock, which is trading near its 52-week high. Zacks earnings expectations article
• Neutral Sentiment: Investors are awaiting quarterly results. Targa Resources was scheduled to announce quarterly earnings Thursday. The report will provide an important test of the elevated forecasts and may determine whether recent gains can be sustained. Targa Resources earnings announcement article
• Negative Sentiment: Balance-sheet leverage remains a key risk. A Seeking Alpha analysis argued that Targa should prioritize repairing its balance sheet. The company’s substantial debt burden could constrain financial flexibility, increase sensitivity to interest rates, and temper investor enthusiasm despite projected earnings growth. Seeking Alpha balance sheet analysis

About Targa Resources

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.