TRGP Targa Resources Inc

Targa Resources acquired San Antonio-based Stakeholder Midstream for $1.25 billion in a deal highlighted as a "Deal of the Week" by the Houston Business Journal. This acquisition expands Targa's pipeline footprint and bolsters its presence in the Permian Basin. The move reflects Targa's continued expansion strategy in Texas.

Targa Resources Corp. (NYSE:TRGP) has delivered spectacular returns for investors, with its share price increasing by 568% over the past five years and a total shareholder return (TSR) of 638%. The company transitioned from unprofitable to profitable during this period, with EPS rising 92% annually in the last three years. While the recent share price gains have slowed, the business continues to perform well, with an annual TSR of 49% over five years.

Fort Washington Investment Advisors Inc. OH significantly increased its stake in Targa Resources, Inc. (TRGP) by 93.5% in the third quarter of 2025, now owning 34,632 shares valued at $5.80 million. Despite some insider selling, institutional investors hold 92.13% of the company. Analysts maintain a "Moderate Buy" rating for TRGP with an average price target of $210.79, and the company offers a $4.00 annualized dividend, yielding approximately 2.2%.

Riley Exploration Permian Inc. (REPX) has completed the sale of its midstream infrastructure assets and compressor station assets in Eddy County, New Mexico, to Targa Northern Delaware LLC for a total of approximately $122.4 million. This transaction includes $111 million for Dovetail Midstream, LLC and an additional $10 million for compressor stations, plus a $1.4 million reimbursement for capital improvements. The company also recently announced a $100 million share repurchase program and has received positive analyst coverage.

Spirit of America Management Corp NY reduced its stake in Targa Resources, Inc. (NYSE:TRGP) by 17.2%, selling 8,550 shares and retaining 41,233 shares valued at approximately $6.91 million. Insider selling has also increased, with Gerald R. Shrader selling 2,750 shares and D. Scott Pryor selling 20,000 shares, bringing insider ownership down to 1.34%. Targa Resources recently missed quarterly revenue and EPS expectations, but analysts maintain a "Moderate Buy" consensus rating with an average target price of $210.79.

Targa Resources (TRGP) has seen a steady climb in its share price, with a 3-year total shareholder return above 170%. While analysts suggest the stock is about 12% undervalued based on future cash flows, its current P/E ratio of 24.4 times is significantly higher than the industry average, indicating that market sentiment might be a key driver. Investors are encouraged to review the company's risks and valuation breakdown.