Dimensional Fund Advisors LP Sells 19,835 Shares of Targa Resources, Inc. $TRGP

21 Jul 2026, 07:57 by Mitch Edgeman · The Markets Daily

Dimensional Fund Advisors LP lowered its position in shares of Targa Resources, Inc. (NYSE:TRGP – Free Report) by 0.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,235,755 shares of the pipeline company’s stock after selling 19,835 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Targa Resources were worth $560,542,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Targa Resources in the fourth quarter valued at about $735,758,000. Goldman Sachs Group Inc. boosted its holdings in shares of Targa Resources by 48.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company’s stock worth $607,023,000 after purchasing an additional 1,075,246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Targa Resources in the third quarter worth about $121,426,000. Tortoise Capital Advisors L.L.C. grew its stake in shares of Targa Resources by 20.3% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 3,389,006 shares of the pipeline company’s stock worth $625,272,000 after purchasing an additional 572,562 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Targa Resources by 1,811.0% during the 4th quarter. UniSuper Management Pty Ltd now owns 444,335 shares of the pipeline company’s stock valued at $81,980,000 after purchasing an additional 421,084 shares during the period. Institutional investors own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

TRGP has been the subject of a number of recent analyst reports. Scotiabank upped their price target on Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Jefferies Financial Group started coverage on Targa Resources in a research report on Thursday, June 18th. They issued a “buy” rating and a $314.00 price objective on the stock. The Goldman Sachs Group boosted their target price on Targa Resources from $242.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (b)” rating on shares of Targa Resources in a report on Thursday, July 2nd. Finally, Stifel Nicolaus set a $268.00 price target on Targa Resources in a research note on Friday, May 8th. Seventeen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Targa Resources has a consensus rating of “Moderate Buy” and a consensus target price of $285.93.

Get Our Latest Report on TRGP

Targa Resources Trading Down 0.2%

TRGP opened at $282.35 on Tuesday. The stock has a market cap of $60.60 billion, a PE ratio of 28.55, a PEG ratio of 1.45 and a beta of 0.71. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 5.64. The business has a 50 day moving average of $268.40 and a 200-day moving average of $239.64. Targa Resources, Inc. has a 52 week low of $144.14 and a 52 week high of $286.25.

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

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, July 31st. Targa Resources’s payout ratio is 50.56%.

Insider Buying and Selling at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the transaction, the director directly owned 66,492 shares in the company, valued at $17,019,292.32. This trade represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Targa Resources Company 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.