Capital One Financial Comments on Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Equities research analysts at Capital One Financial issued their Q1 2025 EPS estimates for shares of Targa Resources in a report released on Monday, February 24th. Capital One Financial analyst W. Suki forecasts that the pipeline company will post earnings of $1.89 per share for the quarter. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. Capital One Financial also issued estimates for Targa Resources’ Q2 2025 earnings at $1.82 EPS, Q3 2025 earnings at $1.94 EPS and Q4 2025 earnings at $2.11 EPS.

A number of other brokerages also recently commented on TRGP. Truist Financial lowered their target price on shares of Targa Resources from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Barclays boosted their target price on shares of Targa Resources from $171.00 to $204.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. US Capital Advisors downgraded shares of Targa Resources from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Mizuho boosted their target price 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. Finally, Royal Bank of Canada upped their price objective on shares of Targa Resources from $172.00 to $199.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $205.43.

Targa Resources Stock Performance

NYSE:TRGP opened at $194.76 on Tuesday. The company has a fifty day simple moving average of $196.21 and a two-hundred day simple moving average of $176.96. The company has a market cap of $42.47 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 0.61 and a beta of 2.29. 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 has a 52 week low of $95.88 and a 52 week high of $218.51.

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 during the quarter, compared to analysts’ expectations of $4.48 billion. Targa Resources had a net margin of 7.81% and a return on equity of 28.67%.

Institutional Trading of Targa Resources

Large investors have recently modified their holdings of the business. MML Investors Services LLC grew its position in shares of Targa Resources by 65.1% in the third quarter. MML Investors Services LLC now owns 25,615 shares of the pipeline company’s stock valued at $3,791,000 after purchasing an additional 10,100 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Targa Resources by 85.7% in the fourth quarter. Nordea Investment Management AB now owns 28,530 shares of the pipeline company’s stock valued at $5,070,000 after purchasing an additional 13,167 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of Targa Resources by 191.4% in the fourth quarter. Capital Investment Advisors LLC now owns 8,268 shares of the pipeline company’s stock valued at $1,476,000 after purchasing an additional 5,431 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Targa Resources in the fourth quarter valued at approximately $271,000. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of Targa Resources in the third quarter valued at approximately $11,042,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Targa Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.00 annualized dividend and a yield of 1.54%. 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.