Top Executive Sells Massive Stake in Targa Resources!

New insider activity at Targa Resources ( (TRGP) ) has taken place on November 18, 2025.

President of Logistics and Transportation, D. Scott Pryor, recently sold 20,000 shares of Targa Resources stock, amounting to a transaction value of $3,444,000.

Recent Updates on TRGP stock

Targa Resources Corp. reported record financial results for Q3 2025, with a significant increase in net income and adjusted EBITDA, driven by higher volumes in its Gathering and Processing and Logistics and Transportation systems. The company announced a 25% increase in its common dividend for 2026, reflecting strong financial performance and strategic growth initiatives. Targa’s ongoing expansion projects, including new gas plants and pipelines in the Permian Basin, are expected to drive future growth. Despite temporary challenges such as production shut-ins and elevated capital spending, the company maintains a strong financial position with $2.3 billion in available liquidity. Targa anticipates reaching the top end of its full-year adjusted EBITDA guidance range, supported by new growth projects and a proposed dividend increase, indicating a promising outlook for sustained growth and shareholder value enhancement.

Spark’s Take on TRGP Stock

According to Spark, TipRanks’ AI Analyst, TRGP is a Outperform.

Targa Resources’ strong earnings call performance and positive technical indicators are significant strengths. However, high leverage and a relatively high P/E ratio pose risks. The company’s strategic growth initiatives and dividend increase proposal support long-term growth potential, but short-term challenges remain.

To see Spark’s full report on TRGP stock, click here.

More about Targa Resources

YTD Price Performance: -3.61%

Average Trading Volume: 1,524,762

Technical Sentiment Signal: Strong Buy

Current Market Cap: $37.16B