Targa Resources Corp (NYSE: TRGP) is 33.45% higher on its value in year-to-date trading and has touched a low of $122.56 and a high of $218.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRGP stock was last observed hovering at around $170.66 in the last trading session, with the day’s loss setting it -168.39%.
Currently trading at $2.27M, the stock is -0.30% and -0.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing 1890692% at the moment leaves the stock -7.91% off its SMA200. TRGP registered -7.71% loss for a year compared to 6-month loss of -9.10%.
The stock witnessed a 2.72% gain in the last 1 month and extending the period to 3 months gives it a -16.55%, and is -5.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.85% over the week and 1.96% over the month.
Targa Resources Corp (TRGP) has around 3370 employees, a market worth around $35.74B and $16.88B in sales. Current P/E ratio is 30.27 and Fwd P/E is 17.83. Profit margin for the company is 7.08%. Distance from 52-week low is 34.41% and -24.61% from its 52-week high. The company has generated returns on investments over the last 12 months (6.64%).
The EPS is expected to grow by 28.40% this year.
Targa Resources Corp (TRGP) Top Institutional Holders
The shares outstanding are 217.46M, and float is at 213.35M with Short Float at 2.27%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.9 million shares valued at $3.46 billion. The investor’s holdings represent 12.17% of the TRGP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.64 million shares valued at $2.66 billion to account for 9.3394 of the shares outstanding. The other top investors are STATE STREET CORP which holds 14.64 million shares representing 6.6262% and valued at over $1.89 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 6.5489 of the shares totaling 14.47 million with a market value of $1.86 billion.
Targa Resources Corp (TRGP) Insider Activity
The most recent transaction is an insider sale by Pryor D. Scott. SEC filings show that Pryor D. Scott sold 20,000 shares of the company’s common stock on May 08 ’25 at a price of $161.64 per share for a total of $3.23 million. Following the sale, the insider now owns 62139.0 shares.
