Targa Resources Corp. (TRGP) Gains from Geopolitical Tensions

1 day ago 2

Soumya Eswaran

Thu, July 2, 2026 astatine 8:18 AM CDT 3 min read

TimesSquare Capital Management, an equity concern absorption company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 capitalist letter. A transcript of the missive tin be downloaded here. The Strategy fell 7.72% (net) successful the 4th compared to -6.35% for the Russell Midcap Growth Index. In the archetypal quarter, markets navigated geopolitical tensions and economical resilience alongside impermanent planetary tariffs. High lipid prices and proviso concatenation disruptions followed U.S. and Israeli engagement successful Iran, prompting a displacement to safer assets and a reevaluation of proviso chains and vigor dependencies. Central banks maintained dependable policies contempt energy-driven inflation. In this environment, the Strategy remains focused connected disciplined absorption teams with durable competitory advantages. Please reappraisal the Strategy's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Targa Resources Corp. (NYSE:TRGP). Targa Resources Corp. (NYSE:TRGP) is simply a North American midstream services supplier and autarkic infrastructure institution that owns, operates, acquires, and develops a portfolio of complementary home infrastructure assets. On July 1, 2026, Targa Resources Corp. (NYSE:TRGP) closed astatine $257.81 per share, reflecting a marketplace capitalization of $55.34 billion. Targa Resources Corp. (NYSE:TRGP) posted a one-month instrumentality of -3.58%, portion its shares gained 48.58% implicit the past 52 weeks.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the pursuing regarding Targa Resources Corp. (NYSE:TRGP) successful its Q1 2026 capitalist letter:

"We often spot the ebb and travel of the Energy assemblage tied to underlying commodity prices. In this area, we question low-cost exploration & accumulation companies with high-yielding acreage oregon specialized work providers. Targa Resources Corp. (NYSE:TRGP) owns, operates, acquires, and develops earthy state infrastructure assets. The geopolitical tensions successful Iran contributed to banal terms appreciation. A coagulated 4th quarter, driven by beardown accumulation volumes, led to a 37% banal terms increase. Management announced accrued planned superior expenditures and announced operation of a caller earthy state liquids (NGL) works successful Delaware, arsenic good arsenic enlargement of their NGL pipeline."

Is Targa Resources Corp. (TRGP) the Best American Energy Stock to Buy Now?

Targa Resources Corp. (NYSE:TRGP) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 49 hedge money portfolios held Targa Resources Corp. (NYSE:TRGP) astatine the extremity of the archetypal quarter, up from 45 successful the erstwhile quarter. While we admit the imaginable of Targa Resources Corp. (NYSE:TRGP) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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