US Capital Advisors Weighs in on Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Equities researchers at US Capital Advisors lifted their Q1 2025 earnings per share estimates for shares of Targa Resources in a note issued to investors on Monday, March 24th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $2.07 per share for the quarter, up from their prior forecast of $1.96. US Capital Advisors currently has a “Hold” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q2 2025 earnings at $1.96 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.24 EPS, FY2025 earnings at $8.31 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.28 EPS, Q4 2026 earnings at $2.50 EPS and FY2027 earnings at $10.29 EPS.

Other research analysts also recently issued research reports about the stock. Citigroup upped their price objective on shares of Targa Resources from $218.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Mizuho increased their price target on shares of Targa Resources from $208.00 to $226.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Royal Bank of Canada boosted their price objective on shares of Targa Resources from $220.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. The Goldman Sachs Group increased their target price on Targa Resources from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Scotiabank reduced their target price on Targa Resources from $218.00 to $210.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $211.00.

Targa Resources Price Performance

TRGP stock opened at $205.01 on Tuesday. The stock’s fifty day simple moving average is $199.93 and its 200-day simple moving average is $183.75. Targa Resources has a 52-week low of $110.09 and a 52-week high of $218.51. The stock has a market capitalization of $44.71 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 0.61 and a beta of 2.32. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 3.05.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, February 20th. The pipeline company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.46). The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.48 billion. Targa Resources had a return on equity of 28.67% and a net margin of 7.81%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TRGP. Ameriflex Group Inc. acquired a new stake in shares of Targa Resources during the 4th quarter valued at approximately $31,000. Colonial Trust Co SC raised its holdings in shares of Targa Resources by 5,400.0% during the fourth quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 162 shares during the period. Atala Financial Inc bought a new position in shares of Targa Resources in the 4th quarter worth about $31,000. Cary Street Partners Financial LLC acquired a new position in shares of Targa Resources in the 4th quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Targa Resources during the 4th quarter valued at about $32,000. Institutional investors own 92.13% of the company’s stock.

Insider Activity

In other Targa Resources news, Director Waters S. Iv Davis sold 2,190 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $196.26, for a total transaction of $429,809.40. Following the completion of the transaction, the director now directly owns 2,899 shares of the company’s stock, valued at $568,957.74. This trade represents a 43.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Meloy sold 48,837 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $195.08, for a total transaction of $9,527,121.96. Following the transaction, the chief executive officer now directly owns 725,628 shares in the company, valued at $141,555,510.24. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,914 shares of company stock worth $22,613,288 over the last ninety days. Corporate insiders own 1.39% of the company’s stock.

Targa Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.75 dividend. The ex-dividend date was Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. Targa Resources’s payout ratio is currently 52.26%.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.