Targa Resources (TRGP) is up 3.3% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver appears to be a fresh analyst upgrade that turned more constructive on Targa’s growth outlook in the Permian and its longer-term cash flow potential. Positive sentiment may also be getting support from the company’s recent commercial wins and expansion plans, which reinforced expectations for sustained volume growth.
Details:
Sources:
Investing.com, Targa Resources investor relations, SEC
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$TRGP Insider Trading Activity
$TRGP insiders have traded $TRGP stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $TRGP stock by insiders over the last 6 months:
- CHARLES R CRISP has made 0 purchases and 2 sales selling 13,602 shares for an estimated $3,584,427.
- WATERS S IV DAVIS has made 0 purchases and 6 sales selling 2,400 shares for an estimated $719,208.
- PAUL W CHUNG has made 0 purchases and 2 sales selling 1,816 shares for an estimated $537,733.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$TRGP Hedge Fund Activity
We have seen 545 institutional investors add shares of $TRGP stock to their portfolio, and 491 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,820,259 shares (+inf%) to their portfolio in Q2 2026, for an estimated $488,084,248
- JPMORGAN CHASE & CO added 1,382,179 shares (+inf%) to their portfolio in Q2 2026, for an estimated $370,617,477
- WELLINGTON MANAGEMENT GROUP LLP removed 867,067 shares (-5.8%) from their portfolio in Q2 2026, for an estimated $232,495,345
- ONTARIO TEACHERS PENSION PLAN BOARD added 820,971 shares (+inf%) to their portfolio in Q2 2026, for an estimated $220,135,163
- HARRIS ASSOCIATES L P removed 785,673 shares (-9.0%) from their portfolio in Q2 2026, for an estimated $210,670,358
- CURATED WEALTH PARTNERS LLC added 701,590 shares (+inf%) to their portfolio in Q2 2026, for an estimated $188,124,342
- FMR LLC added 665,282 shares (+24.8%) to their portfolio in Q2 2026, for an estimated $178,388,715
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$TRGP Price Targets
Multiple analysts have issued price targets for $TRGP recently. We have seen 12 analysts offer price targets for $TRGP in the last 6 months, with a median target of $275.0.
Here are some recent targets:
- Jeremy Tonet from JP Morgan set a target price of $315.0 on 07/09/2026
- Theresa Chen from Barclays set a target price of $270.0 on 06/23/2026
- Julien Dumoulin-Smith from Jefferies set a target price of $314.0 on 06/18/2026
- Gabriel Moreen from Mizuho set a target price of $300.0 on 05/27/2026
- Gabe Daoud from Truist Securities set a target price of $289.0 on 05/12/2026
- Robert Kad from Morgan Stanley set a target price of $331.0 on 05/12/2026
- Brandon Bingham from Scotiabank set a target price of $257.0 on 05/12/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
