Targa Resources Surges to 248th in Trading Volume with $322 Million in Shares Exchanged

On April 29, 2025, Targa Resources (TRGP) saw a significant increase in trading volume, with a total of $322 million in shares exchanged, marking a 32.3% rise from the previous day. This surge placed Targa Resources at the 248th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Targa Resources experienced a slight decline, closing the day down by 0.64%.

Targa Resources is set to release its quarterly earnings data on May 1st, 2025, before the market opens. Analysts are projecting revenue of approximately $5.05 billion and earnings of $2.00 per share. This upcoming earnings report is likely to influence investor sentiment and potentially impact the stock price in the near term.

Over the past six months, insiders at Targa Resources have been actively trading the company's stock. Notably, there have been 21 instances of insider selling, with no purchases reported during this period. Key executives, including the Chief Executive Officer and other senior officials, have sold significant portions of their shares. For example, D. Scott Pryor sold 65,000 shares, while Matthew J. Meloy sold 48,837 shares. These sales have raised concerns among investors about the company's future prospects and the confidence of its leadership.

Institutional investors have also shown mixed sentiment towards Targa Resources. While 475 institutional investors added shares to their portfolios, 378 decreased their positions. Major moves include Wellington Management Group LLP reducing its holdings by 15.1% and GQG Partners LLC increasing its holdings by an infinite percentage. These shifts in institutional ownership can indicate broader market trends and investor confidence in the company's performance.

Analysts have issued varied ratings and price targets for Targa Resources. Two firms have given the stock a buy rating, while no firms have issued a sell rating. Price targets range from $157 to $259, with a median target of $224.5. Recent adjustments to price targets, such as Mizuho lowering its target to $218, reflect the ongoing evaluation of the company's financial health and market position. These analyst opinions can provide valuable insights for investors considering Targa Resources as a potential investment.