Targa Resources, Inc. $TRGP Shares Sold by ProShare Advisors LLC

03 Nov 2026, 11:01 by Kim Johansen · The Markets Daily

ProShare Advisors LLC decreased its holdings in Targa Resources, Inc. (NYSE:TRGP – Free Report) by 4.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,513 shares of the pipeline company’s stock after selling 2,591 shares during the period. ProShare Advisors LLC’s holdings in Targa Resources were worth $14,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vise Technologies Inc. lifted its holdings in shares of Targa Resources by 9.6% during the 3rd quarter. Vise Technologies Inc. now owns 12,858 shares of the pipeline company’s stock worth $3,476,000 after acquiring an additional 1,126 shares during the period. Moss Adams Wealth Advisors LLC purchased a new stake in Targa Resources in the third quarter valued at approximately $324,000. Avestar Capital LLC grew its holdings in Targa Resources by 29.5% in the third quarter. Avestar Capital LLC now owns 1,975 shares of the pipeline company’s stock valued at $534,000 after purchasing an additional 450 shares during the period. State of Wyoming acquired a new position in Targa Resources during the third quarter worth approximately $132,000. Finally, International Assets Investment Management LLC increased its position in Targa Resources by 6,035.0% during the third quarter. International Assets Investment Management LLC now owns 60,000 shares of the pipeline company’s stock worth $16,219,000 after purchasing an additional 59,022 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup increased their price target on shares of Targa Resources from $303.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. BMO Capital Markets boosted their price objective on shares of Targa Resources from $303.00 to $328.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. TD Cowen upgraded Targa Resources from a “hold” rating to a “buy” rating and upped their price objective for the stock from $275.00 to $350.00 in a report on Friday, September 18th. JPMorgan Chase & Co. upped their price objective on Targa Resources from $315.00 to $351.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, Stifel Nicolaus set a $335.00 target price on Targa Resources in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $325.47.

Read Our Latest Report on Targa Resources

Targa Resources Stock Down 6.5%

TRGP opened at $294.42 on Tuesday. The firm has a 50 day moving average price of $290.23 and a 200 day moving average price of $259.43. The company has a market cap of $63.13 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. Targa Resources, Inc. has a 1 year low of $151.78 and a 1 year high of $316.60. 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 posted its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.90 billion. Sell-side analysts expect that Targa Resources, Inc. will post 11.42 earnings per share for the current year.

Targa Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 30th. Targa Resources’s dividend payout ratio is 47.80%.

Insider Buying and Selling

In related news, Director S Davis sold 2,400 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $299.67, for a total value of $719,208.00. Following the completion of the sale, the director directly owned 1,529 shares in the company, valued at approximately $458,195.43. This represents a 61.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Crisp sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total value of $870,690.00. Following the completion of the transaction, the director directly owned 62,292 shares in the company, valued at $18,079,007.16. This trade represents a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 7,216 shares of company stock valued at $2,127,634. Company insiders own 1.37% of the company’s stock.

Targa Resources Profile

(Free Report)

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.