Targa Resources Corp. (TRGP) shareholders
TRGPNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 10/3029% above fair value
$297.33+1.03 (+0.35%)
Close on Nov 13, 2026Market cap $63.76BP/E 26.3Yield 1.26%
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 · 24 sales
Net sold $30.81M
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 Joint filing with Wellington Management Group LLP (8.30%), Wellington Investment Advisors Holdings LLP (8.30%) and 1 more | 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 Joint filing with Wellington Management Group LLP (7.00%), Wellington Group Holdings LLP (7.00%) and 1 more | 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% | $726.59M | +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)
811 funds held TRGP in Q2 2026, 48% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| 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.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
3.11%
7M shares short
Days to cover
5.6
At 1M shares a day
Change since last report
+17.6%
From 6M shares
Short volume, 20 days
59.0%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Targa Resources's stock actually held short. Settlement fails (shares not delivered on time) peaked at 12,413 shares on Oct 13, 2026 over the last 90 days.
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 |
| Charles R. Crisp 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 |
| Charles R. Crisp 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 |
| Charles R. Crisp Officer, Director | Feb 24, 2026 | 1,359 | $311.62K | Feb 24, 2026 | Restricted stock vesting under a registered plan |
| Jennifer R. Kneale 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 |
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