TRGPNYSENatural Gas TransmissionFiscal year ends December 31
Targa Resources Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$292.80−2.10 (-0.71%)
Close on Oct 19, 2026
- Market cap
- $63.01B
- P/E (TTM)
- 27.9
- Dividend yield
- 1.28%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
95.1%
204M of 214M shares
Institutional holders
1,096
145 new, 73 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
0 buys · 25 sales
Net sold $34.25M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 20,030,896 | 9.00% | 13G (passive) amendment | Dec 31, 2023 |
| Wellington Group Holdings LLP | 18,022,893 | 8.30% | 13G (passive) amendment | Jun 30, 2025 |
| Vanguard Capital Management | 16,208,859 | 7.54% | 13G (passive) | Mar 31, 2026 |
| Wellington Management Company LLP | 15,043,474 | 6.60% | 13G (passive) amendment | Mar 31, 2026 |
| Vanguard Portfolio Management | 11,907,152 | 5.54% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | – | 6.52% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TRGP | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 20,832,687 | 9.72% | $5.59B | +291,114 | 0.08% |
| State Street Corp | 14,226,166 | 6.63% | $3.81B | +626,885 | 0.11% |
| Wellington Management Group Llp | 14,176,394 | 6.61% | $3.80B | −867,067 | 0.66% |
| Vanguard Capital Management LLC | 14,015,559 | 6.54% | $3.76B | +65,206 | 0.08% |
| Vanguard Portfolio Management LLC | 11,697,574 | 5.46% | $3.14B | −153,815 | 0.14% |
| Harris Associates L P | 7,937,530 | 3.70% | $2.13B | −785,673 | 2.82% |
| Geode Capital Management, LLC | 6,083,486 | 2.84% | $1.63B | +75,162 | 0.09% |
| Norges Bank | 4,216,259 | 1.97% | $1.13B | New | 0.11% |
| Blackstone Inc. | 3,601,933 | 1.68% | $965.82M | +259,585 | 2.93% |
| Morgan Stanley | 3,559,424 | 1.66% | $954.42M | +341,275 | 0.05% |
| Tortoise Capital Advisors, L.L.C. | 3,529,491 | 1.65% | $946.40M | −17,270 | 9.62% |
| Invesco Ltd. | 3,395,829 | 1.58% | $910.56M | +360,923 | 0.07% |
| FMR LLC | 3,344,388 | 1.56% | $896.76M | +665,282 | 0.04% |
| Goldman Sachs Group Inc | 3,099,107 | 1.45% | $830.99M | −27,255 | 0.07% |
| Deutsche Bank AG\ | 3,025,248 | 1.41% | $811.19M | +539,582 | 0.24% |
| Bank Of America Corp /De/ | 2,740,533 | 1.28% | $734.85M | −411,460 | 0.05% |
| Price T Rowe Associates Inc /Md/ | 2,709,732 | 1.26% | $726.59K | +127,993 | 0.07% |
| Neuberger Berman Group LLC | 2,693,151 | 1.26% | $722.20M | −16,745 | 0.48% |
| Northern Trust Corp | 2,341,818 | 1.09% | $627.94M | −129,310 | 0.07% |
| Dimensional Fund Advisors LP | 2,289,971 | 1.07% | $614.08M | +54,216 | 0.11% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 1,096 | 204M | 95.1% | 145 / 416 | 361 / 73 | 14M | 9M |
| Q1 2026 | 1,038 | 199M | 92.8% | 166 / 402 | 322 / 77 | 43M | 18M |
| Q4 2025 | 958 | 203M | 94.6% | 157 / 346 | 318 / 89 | 21M | 13M |
| Q3 2025 | 906 | 195M | 91.1% | 99 / 312 | 353 / 100 | 15M | 17M |
| Q2 2025 | 916 | 198M | 92.2% | 100 / 338 | 352 / 149 | 20M | 23M |
| Q1 2025 | 979 | 201M | 93.7% | 135 / 378 | 341 / 91 | 15M | 13M |
| Q4 2024 | 949 | 201M | 93.7% | 182 / 322 | 329 / 50 | 18M | 15M |
| Q3 2024 | 828 | 198M | 92.3% | 136 / 318 | 274 / 46 | 32M | 14M |
| Q2 2024 | 745 | 201M | 93.7% | 106 / 270 | 259 / 45 | 11M | 22M |
| Q1 2024 | 691 | 213M | 99.3% | 88 / 232 | 264 / 46 | 18M | 15M |
| Q4 2023 | 657 | 210M | 97.8% | 90 / 236 | 220 / 51 | 19M | 13M |
| Q3 2023 | 626 | 204M | 94.9% | 71 / 206 | 244 / 42 | 13M | 14M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TRGP | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 6,814,197 | 3.18% | $1.83B | 0.08% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 5,562,749 | 2.59% | $1.49B | 0.09% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 4,650,923 | 2.17% | $1.25B | 0.56% | Jun 30, 2026 |
| State Street(R) Energy Select Sector SPDR(R) ETF | 4,601,370 | 2.15% | $1.23B | 3.45% | Jun 30, 2026 |
| Vanguard Wellington Fund | 4,024,698 | 1.88% | $1.03B | 0.82% | May 31, 2026 |
| iShares Core S&P 500 ETF | 2,952,812 | 1.38% | $791.77M | 0.09% | Jun 30, 2026 |
| Oakmark Fund | 2,882,000 | 1.34% | $772.78M | 3.22% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 2,746,995 | 1.28% | $700.68M | 0.08% | May 31, 2026 |
| Vanguard Growth Index Fund | 2,487,580 | 1.16% | $667.02M | 0.18% | Jun 30, 2026 |
| Vanguard Equity Income Fund | 2,114,402 | 0.99% | $566.96M | 0.87% | Jun 30, 2026 |
| Vanguard Windsor Ii Fund | 1,844,329 | 0.86% | $498.65M | 0.75% | Jul 31, 2026 |
| Vanguard Mid-Cap Growth Index Fund | 1,644,434 | 0.77% | $440.94M | 1.27% | Jun 30, 2026 |
| Tortoise Energy Infrastructure Total Return Fund | 1,504,453 | 0.70% | $383.74M | 10.17% | May 31, 2026 |
| iShares Russell Mid-Cap Growth ETF | 1,252,875 | 0.58% | $335.95M | 1.56% | Jun 30, 2026 |
| Oakmark Select Fund | 1,186,000 | 0.55% | $318.01M | 3.82% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Matthew J. Meloy | Chief Executive Officer, Director | 712,291 | 0.33% | May 15, 2026 |
| Brent B. Secrest | See Remarks | 12,500 | 0.01% | Sep 3, 2026 |
| Robert Muraro | Chief Commercial Officer | 217,401 | 0.10% | Aug 20, 2026 |
| Benjamin James Branstetter | See Remarks | 27,942 | 0.01% | Aug 4, 2026 |
| John Christopher Eklof | Senior VP and CAO | 13,508 | 0.01% | Aug 4, 2026 |
| Gerald R. Shrader | See Remarks | 33,373 | 0.02% | Aug 4, 2026 |
| Patrick J. McDonie | See Remarks | 305,163 | 0.14% | Mar 4, 2026 |
| D. Scott Pryor | See Remarks | 51,938 | 0.02% | Feb 27, 2026 |
| Jennifer R. Kneale | President | 235,260 | 0.11% | Feb 25, 2026 |
| William A. Byers | Chief Financial Officer | 16,760 | 0.01% | Jan 26, 2026 |
| Julie H. Boushka | Senior VP and CAO | 32,602 | 0.02% | Jan 21, 2025 |
| Joe Bob Perkins | Director | 132,091 | 0.06% | Sep 8, 2026 |
| Paul W. Chung | Director | 508,622 | 0.24% | Sep 3, 2026 |
| Charles R. Crisp | Director | 65,292 | 0.03% | Aug 26, 2026 |
| Waters S. Davis IV | Director | 6,083 | 0.00% | Aug 25, 2026 |
| Thomas Joseph Mathiasmeier | Director | 477 | 0.00% | Jul 23, 2026 |
| Lindsey Cooksen | Director | 11,670 | 0.01% | Feb 27, 2026 |
| Rene R. Joyce | Director | 404,467 | 0.19% | Feb 26, 2026 |
| Beth A. Bowman | Director | 22,539 | 0.01% | Jan 20, 2026 |
| Caron A. Lawhorn | Director | 3,552 | 0.00% | Jan 20, 2026 |
| R. Keith Teague | Director | 8,876 | 0.00% | Jan 20, 2026 |
| Laura C. Fulton | Director | 32,595 | 0.02% | Jan 20, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Joe Bob Perkins Director | Sep 3, 2026 | Gift | −8,370 | – | – | 102,100 |
| Brent B. Secrest See Remarks | Sep 1, 2026 | Award | +10,000 | – | – | 10,000 |
| Paul W. Chung Director | Sep 1, 2026 | Sale | −1,000 | $295.38 | $295.38K | 44,816 |
| Paul W. Chung Director | Sep 1, 2026 | Sale | −816 | $297.00 | $242.35K | 44,000 |
| Charles R. Crisp Director | Aug 25, 2026 | Gift | −1,200 | – | – | 65,292 |
| Charles R. Crisp Director | Aug 25, 2026 | Sale | −3,000 | $290.23 | $870.69K | 62,292 |
| Waters S. Davis IV Director | Aug 21, 2026 | Sale | −590 | $303.81 | $179.25K | 1,529 |
| Waters S. Davis IV Director | Aug 21, 2026 | Sale | −270 | $302.47 | $81.67K | 2,119 |
| Waters S. Davis IV Director | Aug 21, 2026 | Sale | −154 | $300.18 | $46.23K | 2,389 |
| Waters S. Davis IV Director | Aug 21, 2026 | Sale | −254 | $298.68 | $75.86K | 2,543 |
| Waters S. Davis IV Director | Aug 21, 2026 | Sale | −692 | $297.38 | $205.79K | 2,797 |
| Waters S. Davis IV Director | Aug 21, 2026 | Sale | −440 | $296.39 | $130.41K | 3,489 |
| Paul W. Chung Director | Aug 20, 2026 | Gift | −1,000 | – | – | 30,479 |
| Robert Muraro Chief Commercial Officer | Aug 18, 2026 | Award | +20,000 | – | – | 217,401 |
| Gerald R. Shrader See Remarks | Aug 1, 2026 | Tax withholding | −1,718 | $270.37 | $464.50K | 33,373 |
| John Christopher Eklof Senior VP and CAO | Aug 1, 2026 | Tax withholding | −578 | $270.37 | $156.27K | 13,508 |
| Benjamin James Branstetter See Remarks | Aug 1, 2026 | Tax withholding | −1,346 | $270.37 | $363.92K | 27,942 |
| Thomas Joseph Mathiasmeier Director | Jul 21, 2026 | Award | +477 | – | – | 477 |
| Matthew J. Meloy Chief Executive Officer, Director | May 14, 2026 | Gift | −15,000 | – | – | 712,291 |
| Paul W. Chung Director | May 12, 2026 | Gift | −6,000 | – | – | 31,479 |
| Charles R. Crisp Director | May 12, 2026 | Sale | −10,602 | $255.96 | $2.71M | 66,492 |
| Robert Muraro Chief Commercial Officer | Mar 5, 2026 | Sale | −24,589 | $241.34 | $5.93M | 197,401 |
| Patrick J. McDonie See Remarks | Mar 2, 2026 | Sale | −1,116 | $240.25 | $268.12K | 305,163 |
| Patrick J. McDonie See Remarks | Mar 2, 2026 | Sale | −30,421 | $239.33 | $7.28M | 306,279 |
| Benjamin James Branstetter See Remarks | Mar 2, 2026 | Sale | −3,158 | $238.83 | $754.23K | 29,385 |
| Benjamin James Branstetter See Remarks | Mar 2, 2026 | Sale | −100 | $238.99 | $23.90K | 29,285 |
| Benjamin James Branstetter See Remarks | Mar 1, 2026 | Tax withholding | −3,542 | $235.80 | $835.20K | 32,543 |
| D. Scott Pryor See Remarks | Feb 26, 2026 | Gift | −12,104 | – | – | 19,834 |
| D. Scott Pryor See Remarks | Feb 26, 2026 | Gift | +12,104 | – | – | 32,104 |
| D. Scott Pryor See Remarks | Feb 26, 2026 | Gift | −2,500 | – | – | 29,604 |
| Lindsey Cooksen Director | Feb 26, 2026 | Sale | −435 | $231.72 | $100.80K | 11,670 |
| D. Scott Pryor See Remarks | Feb 25, 2026 | Sale | −2,798 | $227.28 | $635.93K | 46,640 |
| D. Scott Pryor See Remarks | Feb 25, 2026 | Sale | −3,870 | $228.34 | $883.68K | 42,770 |
| D. Scott Pryor See Remarks | Feb 25, 2026 | Sale | −9,134 | $229.44 | $2.10M | 33,636 |
| D. Scott Pryor See Remarks | Feb 25, 2026 | Sale | −1,698 | $230.10 | $390.71K | 31,938 |
| Rene R. Joyce Director | Feb 24, 2026 | Gift | −4,000 | – | – | 210,708 |
| Jennifer R. Kneale President | Feb 24, 2026 | Sale | −1,525 | $230.43 | $351.41K | 235,260 |
| Jennifer R. Kneale President | Feb 24, 2026 | Sale | −27,984 | $230.10 | $6.44M | 236,785 |
| Matthew J. Meloy Chief Executive Officer, Director | Feb 24, 2026 | Gift | −40,000 | – | – | 727,291 |
| Charles R. Crisp Director | Feb 24, 2026 | Gift | −1,500 | – | – | 78,453 |
| Charles R. Crisp Director | Feb 24, 2026 | Sale | −1,359 | $229.30 | $311.62K | 77,094 |
| D. Scott Pryor See Remarks | Jan 19, 2026 | Award | +33,965 | – | – | 67,385 |
| D. Scott Pryor See Remarks | Jan 19, 2026 | Tax withholding | −5,347 | $185.35 | $991.07K | 49,438 |
| D. Scott Pryor See Remarks | Jan 19, 2026 | Tax withholding | −12,600 | $185.35 | $2.34M | 54,785 |
| Robert Muraro Chief Commercial Officer | Jan 19, 2026 | Tax withholding | −5,347 | $185.35 | $991.07K | 221,990 |
| Robert Muraro Chief Commercial Officer | Jan 19, 2026 | Tax withholding | −13,410 | $185.35 | $2.49M | 227,337 |
| Robert Muraro Chief Commercial Officer | Jan 19, 2026 | Award | +33,965 | – | – | 240,747 |
| Jennifer R. Kneale President | Jan 19, 2026 | Tax withholding | −18,342 | $185.35 | $3.40M | 272,412 |
| Jennifer R. Kneale President | Jan 19, 2026 | Tax withholding | −7,643 | $185.35 | $1.42M | 264,769 |
| Jennifer R. Kneale President | Jan 19, 2026 | Award | +48,558 | – | – | 290,754 |
| Patrick J. McDonie See Remarks | Jan 19, 2026 | Tax withholding | −14,129 | $185.35 | $2.62M | 342,658 |
| Patrick J. McDonie See Remarks | Jan 19, 2026 | Award | +33,965 | – | – | 356,787 |
| Patrick J. McDonie See Remarks | Jan 19, 2026 | Tax withholding | −5,958 | $185.35 | $1.10M | 336,700 |
| Matthew J. Meloy Chief Executive Officer, Director | Jan 19, 2026 | Award | +133,905 | – | – | 840,289 |
| Matthew J. Meloy Chief Executive Officer, Director | Jan 19, 2026 | Tax withholding | −51,921 | $185.35 | $9.62M | 788,368 |
| Matthew J. Meloy Chief Executive Officer, Director | Jan 19, 2026 | Tax withholding | −21,077 | $185.35 | $3.91M | 767,291 |
| William A. Byers Chief Financial Officer | Jan 15, 2026 | Award | +7,237 | – | – | 16,760 |
| Paul W. Chung Director | Jan 15, 2026 | Award | +1,559 | – | – | 37,479 |
| Gerald R. Shrader See Remarks | Jan 15, 2026 | Award | +6,680 | – | – | 35,091 |
| Laura C. Fulton Director | Jan 15, 2026 | Award | +1,030 | – | – | 32,595 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Paul W. Chung Director | Aug 26, 2026 | 5,816 | $1.67M | Aug 26, 2026 | IPO |
| Crisp Charles Director | Aug 25, 2026 | 3,000 | $870.69K | Aug 25, 2026 | Restricted Stock Vesting Under a Registered Plan |
| Waters S. Davis IV Director | Aug 20, 2026 | 2,400 | $725.40K | Aug 20, 2026 | Stock Award |
| Crisp Charles Officer, Director | May 12, 2026 | 10,602 | $2.71M | May 12, 2026 | Restricted stock vesting under a registered plan |
| Robert Muraro Officer | Mar 5, 2026 | 24,589 | $5.93M | Mar 5, 2026 | Restricted Stock Vesting |
| Benjamin James Branstetter Officer | Mar 2, 2026 | 3,258 | $778.12K | Mar 2, 2026 | Restricted Stock Vesting |
| Patrick J. McDonie Officer | Mar 2, 2026 | 31,537 | $7.55M | Mar 2, 2026 | Restricted Stock Vesting |
| D. Scott Pryor Director | Feb 25, 2026 | 29,604 | $6.78M | Feb 25, 2026 | Restricted Stock Units |
| Lindsey Cooksen Director | Feb 24, 2026 | 435 | $99.48K | Feb 24, 2026 | Restricted Stock Award |
| Crisp Charles Officer, Director | Feb 24, 2026 | 1,359 | $311.62K | Feb 24, 2026 | Restricted stock vesting under a registered plan |
| Rigg Kneale Jennifer Officer | Feb 24, 2026 | 29,509 | $6.79M | Feb 24, 2026 | Restricted stock vesting under a registered plan |
| Gerald R. Shrader Officer | Dec 5, 2025 | 2,750 | $498.33K | Dec 5, 2025 | Restricted Stock Vesting |
| D. Scott Pryor Officer | Nov 14, 2025 | 20,000 | $3.44M | Nov 14, 2025 | Incentive Compensation |
| D. Scott Pryor Officer | Aug 15, 2025 | 20,000 | $3.31M | Aug 15, 2025 | Incentive Compensation |
| D. Scott Pryor Officer | May 8, 2025 | 20,000 | $3.23M | May 8, 2025 | Incentive Compensation |