Targa Resources Corp. (TRGP)
Natural Gas Transmission
Latest Price
$270.37
TTM P/E
27.62
Normalized P/E
55.28
Div Yield
1.48%
Book Value
14.60
P/B Ratio
18.52
Valuation metrics
adjust assumptions →EPS: $8.49
Book value / share: $14.29
Formula: √(22.5 × EPS × BVPS)
Graham Number
$52.25
81% downside
Norm. op. income: $2.2B (median of 6yr)
Tax rate: 19%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$0.76
100% downside
EPS: $8.49
Target P/E: 55×
Formula: EPS × P/E
P/E Fair Value
$466.95
+73% upside
Institutional Ownership
87.6% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 20.54M | $5.15B | 9.57% | +772.7K | 2026-03-31 |
| WELLINGTON MANAGEMENT GROUP LLP | 15.04M | $3.77B | 7.01% | -3.44M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 13.95M | $3.50B | 6.50% | -- | 2026-03-31 |
| STATE STREET CORP | 13.60M | $3.41B | 6.33% | +931.0K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 11.85M | $2.97B | 5.52% | -- | 2026-03-31 |
| HARRIS ASSOCIATES L P | 8.72M | $2.19B | 4.06% | -1.01M | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 6.01M | $1.50B | 2.80% | +141.0K | 2026-03-31 |
| TORTOISE CAPITAL ADVISORS, L.L.C. | 3.55M | $889.0M | 1.65% | +157.8K | 2026-03-31 |
| Blackstone Inc. | 3.34M | $838.0M | 1.56% | -410.2K | 2026-03-31 |
| MORGAN STANLEY | 3.22M | $806.0M | 1.50% | -85.8K | 2026-03-31 |