New York State Teachers Retirement System Has $30.47 Million Holdings in Targa Resources, Inc. $TRGP

02 May 2026, 08:48 by Doug Wharley · The Cerbat Gem

New York State Teachers Retirement System lessened its holdings in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,170 shares of the pipeline company’s stock after selling 4,577 shares during the period. New York State Teachers Retirement System’s holdings in Targa Resources were worth $30,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Olistico Wealth LLC acquired a new position in shares of Targa Resources during the 4th quarter worth approximately $27,000. Peoples Financial Services CORP. acquired a new position in shares of Targa Resources during the 3rd quarter worth approximately $34,000. Eagle Bay Advisors LLC acquired a new position in shares of Targa Resources during the 4th quarter worth approximately $42,000. Root Financial Partners LLC acquired a new position in shares of Targa Resources during the 3rd quarter worth approximately $39,000. Finally, Avion Wealth grew its position in shares of Targa Resources by 475.0% during the 3rd quarter. Avion Wealth now owns 276 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Targa Resources Price Performance

TRGP stock opened at $254.56 on Friday. Targa Resources, Inc. has a 52-week low of $144.14 and a 52-week high of $260.49. The company has a fifty day moving average price of $240.75 and a 200-day moving average price of $201.32. The company has a market capitalization of $54.68 billion, a P/E ratio of 29.63, a PEG ratio of 1.68 and a beta of 0.75. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67.

Targa Resources (NYSE:TRGP – Get Free Report) last announced its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.12 billion. As a group, equities analysts expect that Targa Resources, Inc. will post 10.32 EPS for the current year.

Targa Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be paid a dividend of $1.25 per share. This is a boost from Targa Resources’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 30th. Targa Resources’s payout ratio is 58.21%.

Analyst Ratings Changes

A number of brokerages have issued reports on TRGP. Royal Bank Of Canada increased their target price on shares of Targa Resources from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Weiss Ratings upgraded shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 29th. Mizuho increased their price target on shares of Targa Resources from $207.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Truist Financial increased their price target on shares of Targa Resources from $279.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Scotiabank increased their price target on shares of Targa Resources from $246.00 to $249.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.93.

Check Out Our Latest Analysis on TRGP

Insider Buying and Selling at Targa Resources

In related news, insider Patrick J. Mcdonie sold 31,537 shares of Targa Resources stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $239.36, for a total transaction of $7,548,696.32. Following the completion of the transaction, the insider owned 305,163 shares of the company’s stock, valued at $73,043,815.68. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Crisp sold 1,359 shares of Targa Resources stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total transaction of $311,618.70. Following the transaction, the director directly owned 77,094 shares of the company’s stock, valued at $17,677,654.20. This represents a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,929 shares of company stock valued at $24,692,134 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Targa Resources Profile

(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.