Research Analysts’ Recent Ratings Updates for Targa Resources (TRGP)

A number of research firms have changed their ratings and price targets for Targa Resources (NYSE: TRGP):

• 7/21/2026 – Targa Resources had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $333.00 price target on the stock.
• 7/21/2026 – Targa Resources had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $310.00 price target on the stock.
• 7/16/2026 – Targa Resources had its price target raised by TD Cowen from $245.00 to $270.00. They now have a “hold” rating on the stock.
• 7/15/2026 – Targa Resources had its price target raised by Truist Financial Corporation from $289.00 to $312.00. They now have a “buy” rating on the stock.
• 7/13/2026 – Targa Resources had its price target raised by Barclays PLC from $270.00 to $282.00. They now have an “overweight” rating on the stock.
• 7/9/2026 – Targa Resources had its “buy” rating reaffirmed by UBS Group AG. They now have a $318.00 price target on the stock.
• 7/9/2026 – Targa Resources had its price target raised by JPMorgan Chase & Co. from $291.00 to $315.00. They now have an “overweight” rating on the stock.
• 7/2/2026 – Targa Resources had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 6/25/2026 – Targa Resources is now covered by Erste Group Bank AG. They set a “buy” rating on the stock.
• 6/23/2026 – Targa Resources had its price target raised by Barclays PLC from $262.00 to $270.00. They now have an “overweight” rating on the stock.
• 6/18/2026 – Targa Resources is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $314.00 price target on the stock.
• 6/18/2026 – Targa Resources is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $314.00 price target on the stock.

Targa Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 31st. Targa Resources’s payout ratio is currently 50.56%.

Insider Activity at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total value of $2,713,687.92. Following the sale, the director owned 66,492 shares in the company, valued at $17,019,292.32. This represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

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.