Targa Resources (NYSE:TRGP) Director Sells 2,400 Shares of Stock

August 26, 2026 by InsiderTrades.com

Key Points

Director Waters Iv Davis sold 2,400 Targa Resources shares at an average price of $299.67, generating $719,208 and reducing his holdings by 61.08% to 1,529 shares.
Targa reported quarterly EPS of $3.54, beating the $2.83 consensus estimate, though revenue of $4.44 billion fell short of the $4.90 billion forecast. The company also maintains a $1.25 quarterly dividend, equivalent to a 1.7% yield.
Analysts remain broadly positive, with an overall “Buy” rating and a consensus price target of $297.18, while institutional investors own 92.13% of the stock. Shares recently traded near their 52-week high after rising 2.4% in the cited market update.

Targa Resources, Inc. (NYSE:TRGP - Get Free Report) Director Waters Iv Davis sold 2,400 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $299.67, for a total transaction of $719,208.00. Following the sale, the director owned 1,529 shares of the company's stock, valued at $458,195.43. This represents a 61.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Targa Resources Stock Down 2.4%

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TRGP stock opened at $287.10 on Wednesday. Targa Resources, Inc. has a one year low of $144.14 and a one year high of $307.94. The firm has a market cap of $61.56 billion, a PE ratio of 27.45, a PEG ratio of 1.41 and a beta of 0.72. The firm's 50 day moving average price is $273.17 and its 200-day moving average price is $255.72. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77.

Targa Resources (NYSE:TRGP - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. On average, equities research analysts anticipate that Targa Resources, Inc. will post 11.13 EPS for the current year.

Targa Resources Dividend Announcement

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The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $1.25 per share. The ex-dividend date was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources's dividend payout ratio is currently 47.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Targa Resources from $310.00 to $312.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Stifel Nicolaus set a $268.00 price objective on shares of Targa Resources in a research report on Friday, May 8th. Wells Fargo & Company lifted their target price on shares of Targa Resources from $270.00 to $282.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Raymond James Financial set a $335.00 target price on Targa Resources in a research report on Friday, August 7th. Finally, Erste Group Bank began coverage on Targa Resources in a research note on Thursday, June 25th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $297.18.

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Read Our Latest Stock Analysis on TRGP

Institutional Trading of Targa Resources

Several hedge funds have recently made changes to their positions in the business. Hardy Reed LLC grew its position in shares of Targa Resources by 1.0% during the 1st quarter. Hardy Reed LLC now owns 4,321 shares of the pipeline company's stock valued at $1,083,000 after acquiring an additional 41 shares during the period. Versant Capital Management Inc boosted its position in Targa Resources by 4.1% during the second quarter. Versant Capital Management Inc now owns 1,146 shares of the pipeline company's stock worth $307,000 after purchasing an additional 45 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in Targa Resources by 2.3% in the second quarter. Premier Path Wealth Partners LLC now owns 2,003 shares of the pipeline company's stock valued at $537,000 after purchasing an additional 45 shares during the period. Hantz Financial Services Inc. grew its holdings in Targa Resources by 10.5% in the fourth quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company's stock valued at $97,000 after purchasing an additional 50 shares during the period. Finally, River Wealth Advisors LLC increased its position in shares of Targa Resources by 0.3% in the second quarter. River Wealth Advisors LLC now owns 19,457 shares of the pipeline company's stock valued at $5,217,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

Key Headlines Impacting Targa Resources

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

Positive Sentiment: Targa appointed longtime midstream executive Brent Secrest as President of Logistics and Transportation and promoted Benjamin Branstetter to CFO, effective September 1. Secrest brings more than 20 years of industry experience, while Branstetter’s internal promotion supports operational and strategic continuity. Outgoing CFO William Byers will remain an adviser through year-end 2026 to facilitate the transition. Targa leadership announcement
Positive Sentiment: Recent operating momentum remains supportive: Targa reported record second-quarter results, including adjusted EPS of $3.54 versus the $2.83 consensus estimate. The company also recently expanded 20-year ExxonMobil-linked Permian agreements and announced three gas-processing plants, a pipeline project and approximately $5.0 billion in 2026 net growth capital. Strong midstream earnings outlook
Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 546 investors added shares while 490 reduced holdings. Analysts’ median price target is $275, below the recent trading level, although several targets remain above $300, indicating divided valuation expectations.
Negative Sentiment: Investors may be applying a discount for leadership uncertainty following Byers’ retirement and the relatively rapid reassignment of Branstetter after his recent move into the logistics role. The change is planned and includes an advisory handoff, but CFO transitions can still increase concerns about execution and capital allocation.
Negative Sentiment: Sharp declines in crude prices on August 25 likely pressured energy shares broadly, including midstream companies, despite Targa’s largely fee-based business model. The stock also faces a cautionary insider-trading signal: reported open-market transactions over the past six months show sales and no purchases, including a director’s sale of 2,400 shares. Targa insider transaction

Targa Resources Company Profile

(Get Free Report)

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.