Targa Resources, Inc. $TRGP Shares Bought by Massachusetts Financial Services Co. MA

Market Beat
2025.11.18 11:41
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Massachusetts Financial Services Co. MA increased its stake in Targa Resources, Inc. by 5% in Q2, owning 1,443,530 shares valued at $251.29 million. Targa's stock opened at $173.00 with a market cap of $37.13 billion. Analysts have mixed ratings, with a consensus price target of $209.86. Targa reported Q3 earnings of $2.20 per share, slightly missing estimates, and announced a quarterly dividend of $1.00 per share.

Massachusetts Financial Services Co. MA raised its position in Targa Resources, Inc. (NYSE:TRGP - Free Report) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,443,530 shares of the pipeline company's stock after purchasing an additional 68,795 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.67% of Targa Resources worth $251,290,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors have also modified their holdings of TRGP. Disciplina Capital Management LLC acquired a new stake in Targa Resources during the 1st quarter worth approximately $46,000. Hilltop National Bank acquired a new position in Targa Resources during the second quarter valued at approximately $63,000. Private Trust Co. NA grew its stake in Targa Resources by 57.1% during the second quarter. Private Trust Co. NA now owns 476 shares of the pipeline company's stock worth $83,000 after buying an additional 173 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Targa Resources by 61.0% in the second quarter. Wolff Wiese Magana LLC now owns 483 shares of the pipeline company's stock worth $84,000 after acquiring an additional 183 shares in the last quarter. Finally, Atwood & Palmer Inc. increased its position in shares of Targa Resources by 538.9% in the second quarter. Atwood & Palmer Inc. now owns 575 shares of the pipeline company's stock worth $100,000 after acquiring an additional 485 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

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Targa Resources Stock Performance

Shares of TRGP stock opened at $173.00 on Monday. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.69 and a quick ratio of 0.56. The company's fifty day moving average price is $161.75 and its two-hundred day moving average price is $164.47. The firm has a market capitalization of $37.13 billion, a P/E ratio of 24.47, a P/E/G ratio of 0.91 and a beta of 1.16. Targa Resources, Inc. has a 12 month low of $144.14 and a 12 month high of $218.51.

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Targa Resources (NYSE:TRGP - Get Free Report) last announced its earnings results on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.22 by ($0.02). Targa Resources had a return on equity of 43.35% and a net margin of 8.99%.The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.70 billion. On average, research analysts anticipate that Targa Resources, Inc. will post 8.15 earnings per share for the current fiscal year.

Targa Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, October 31st. This represents a $4.00 annualized dividend and a yield of 2.3%. Targa Resources's payout ratio is currently 53.19%.

Analyst Ratings Changes

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TRGP has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Targa Resources from $214.00 to $215.00 and gave the company an "overweight" rating in a report on Tuesday, October 7th. The Goldman Sachs Group cut their price objective on Targa Resources from $189.00 to $188.00 and set a "buy" rating on the stock in a research report on Thursday. Wall Street Zen cut Targa Resources from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Targa Resources in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their target price on Targa Resources from $205.00 to $208.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Targa Resources currently has an average rating of "Moderate Buy" and a consensus price target of $209.86.

Check Out Our Latest Stock Report on Targa Resources

About Targa Resources

(Free Report)

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.

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