Targa Resources, Inc. $TRGP Shares Purchased by Teachers Retirement System of The State of Kentucky

14 Jul 2026, 09:58 by Sarita Garza · The Markets Daily

Teachers Retirement System of The State of Kentucky raised its holdings in Targa Resources, Inc. (NYSE:TRGP – Free Report) by 133.7% during the first quarter, Holdings Channel.com reports. The firm owned 39,813 shares of the pipeline company’s stock after purchasing an additional 22,776 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Targa Resources were worth $9,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Olistico Wealth LLC acquired a new stake in shares of Targa Resources in the 4th quarter valued at approximately $27,000. Atlantic Union Bankshares Corp purchased a new position in Targa Resources in the fourth quarter worth $27,000. Miller Capital Partners Inc. acquired a new stake in Targa Resources in the fourth quarter valued at $30,000. Leonteq Securities AG acquired a new stake in Targa Resources in the fourth quarter valued at $31,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Targa Resources during the 4th quarter worth $37,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Targa Resources Stock Performance

Targa Resources stock opened at $279.30 on Tuesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.62 and a current ratio of 0.72. The stock has a fifty day moving average of $265.55 and a two-hundred day moving average of $236.22. The company has a market capitalization of $59.95 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.40 and a beta of 0.71. Targa Resources, Inc. has a fifty-two week low of $144.14 and a fifty-two week high of $281.14.

Targa Resources (NYSE:TRGP – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). Targa Resources had a return on equity of 71.00% and a net margin of 12.87%.The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.68 billion. On average, analysts anticipate that Targa Resources, Inc. will post 10.75 EPS for the current fiscal year.

Targa Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, April 30th. This is a positive change from Targa Resources’s previous quarterly dividend of $1.00. Targa Resources’s dividend payout ratio is presently 50.56%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRGP. TD Cowen upped their price target on shares of Targa Resources from $236.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Mizuho boosted their price objective on shares of Targa Resources from $260.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Stifel Nicolaus set a $268.00 target price on shares of Targa Resources in a report on Friday, May 8th. US Capital Advisors lowered Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, May 29th. Finally, Erste Group Bank began coverage on Targa Resources in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Seventeen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Targa Resources has a consensus rating of “Moderate Buy” and an average price target of $282.73.

Check Out Our Latest Stock Analysis on Targa Resources

Insider Transactions at Targa Resources

In other Targa Resources news, Director Charles R. Crisp sold 10,602 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the sale, the director directly owned 66,492 shares of the company’s stock, valued at $17,019,292.32. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

About Targa Resources

(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.