Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Targa Resources, Inc. (NYSE:TRGP)
by Renee Jackson · The Cerbat GemRepresentative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Targa Resources, Inc. (NYSE:TRGP). In a filing disclosed on January 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Targa Resources stock on December 19th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 12/30/2025.
- Sold $1,001 – $15,000 in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) on 12/30/2025.
- Sold $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 12/30/2025.
- Purchased $50,001 – $100,000 in shares of Campbell’s (NASDAQ:CPB) on 12/30/2025.
- Sold $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 12/30/2025.
- Sold $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 12/26/2025.
- Sold $1,001 – $15,000 in shares of Bloom Energy (NYSE:BE) on 12/24/2025.
- Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 12/24/2025.
- Sold $1,001 – $15,000 in shares of Coinbase Global (NASDAQ:COIN) on 12/24/2025.
- Sold $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 12/24/2025.
Targa Resources Price Performance
Shares of TRGP stock traded up $5.32 during midday trading on Wednesday, reaching $185.60. 612,460 shares of the company were exchanged, compared to its average volume of 1,158,451. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $218.51. The company has a market cap of $39.84 billion, a P/E ratio of 24.68, a PEG ratio of 0.84 and a beta of 0.87. The company’s 50 day moving average price is $177.11 and its two-hundred day moving average price is $168.50. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.61 and a current ratio of 0.77.
Targa Resources (NYSE:TRGP – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $2.20 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.02). Targa Resources had a return on equity of 51.87% and a net margin of 9.35%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.70 billion. On average, sell-side analysts expect that Targa Resources, Inc. will post 8.15 earnings per share for the current year.
Targa Resources Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $4.00 annualized dividend and a yield of 2.2%. Targa Resources’s dividend payout ratio (DPR) is presently 53.19%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Targa Resources from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. UBS Group reiterated a “buy” rating on shares of Targa Resources in a report on Friday. Stifel Nicolaus set a $213.00 price objective on Targa Resources in a research report on Thursday, November 6th. Morgan Stanley upped their target price on Targa Resources from $240.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Targa Resources in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $211.36.
Read Our Latest Analysis on TRGP
Insiders Place Their Bets
In other news, insider Gerald R. Shrader sold 2,750 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.21, for a total value of $498,327.50. Following the completion of the transaction, the insider owned 29,561 shares in the company, valued at approximately $5,356,748.81. This represents a 8.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider D. Scott Pryor sold 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $172.21, for a total value of $3,444,200.00. Following the completion of the transaction, the insider directly owned 22,139 shares of the company’s stock, valued at approximately $3,812,557.19. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.34% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TRGP. Woodline Partners LP grew its stake in Targa Resources by 40.7% in the 1st quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock valued at $3,693,000 after buying an additional 5,327 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Targa Resources by 157.4% during the 1st quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock worth $788,000 after purchasing an additional 2,404 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of Targa Resources in the first quarter valued at about $224,000. Strs Ohio bought a new position in Targa Resources during the first quarter valued at about $1,563,000. Finally, Peak Financial Advisors LLC bought a new stake in shares of Targa Resources in the 2nd quarter worth approximately $414,000. Institutional investors and hedge funds own 92.13% of the company’s stock.
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
Targa Resources Company 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.