Bill Nygren's Investment Moves in Q1 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 minutes ago
0mins
Source: Yahoo Finance
- New Additions: Bill Nygren added a total of seven stocks in Q1 2026, with Netflix Inc being the largest addition at 3,676,500 shares, accounting for 1.51% of the portfolio and valued at $353.5 million, indicating a continued bullish outlook on the streaming industry.
- Significant Increases: Nygren increased stakes in 15 stocks, notably Fiserv Inc, with an additional 5,067,100 shares representing a 104.28% increase, bringing total holdings to 9,926,200 shares, reflecting strong confidence in the fintech sector.
- Complete Exits: In Q1 2026, Nygren completely exited four holdings, including Deere & Co and APA Corp, which impacted the portfolio by -1.49% and -0.52% respectively, indicating a cautious stance on these sectors' outlooks.
- Reduction Dynamics: Nygren reduced positions in 21 stocks, particularly Warner Bros. Discovery Inc, where he cut 9,088,000 shares, resulting in a 46.78% decrease and a -1.08% impact on the portfolio, reflecting concerns about the media industry's prospects.
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Analyst Views on TRGP
Wall Street analysts forecast TRGP stock price to fall
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 262.130
Low
188.00
Averages
214.75
High
266.00
Current: 262.130
Low
188.00
Averages
214.75
High
266.00
About TRGP
Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires, and develops a diversified portfolio of complementary domestic infrastructure assets. Its segments include Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs); and assets used for the gathering, terminaling and/or purchase and sale of crude oil. The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bill Nygren's Investment Moves in Q1 2026
- New Additions: Bill Nygren added a total of seven stocks in Q1 2026, with Netflix Inc being the largest addition at 3,676,500 shares, accounting for 1.51% of the portfolio and valued at $353.5 million, indicating a continued bullish outlook on the streaming industry.
- Significant Increases: Nygren increased stakes in 15 stocks, notably Fiserv Inc, with an additional 5,067,100 shares representing a 104.28% increase, bringing total holdings to 9,926,200 shares, reflecting strong confidence in the fintech sector.
- Complete Exits: In Q1 2026, Nygren completely exited four holdings, including Deere & Co and APA Corp, which impacted the portfolio by -1.49% and -0.52% respectively, indicating a cautious stance on these sectors' outlooks.
- Reduction Dynamics: Nygren reduced positions in 21 stocks, particularly Warner Bros. Discovery Inc, where he cut 9,088,000 shares, resulting in a 46.78% decrease and a -1.08% impact on the portfolio, reflecting concerns about the media industry's prospects.
See More
Targa Resources Reports Record Q1 2026 Earnings Amid Challenges
- Record EBITDA: Targa Resources reported an adjusted EBITDA of $1.4 billion for Q1 2026, reflecting a 5% sequential increase primarily driven by contributions from its Permian Basin acquisition and optimization opportunities, demonstrating the company's ability to achieve profit growth amid challenges.
- Volume Growth: Despite severe winter weather and producer shut-ins due to weak Waha gas prices, Permian volumes are currently over 250 million cubic feet per day higher than the first quarter average, indicating effective resource management by the company.
- Capital Expenditure Plans: The company estimates net growth capital spending for 2026 to be approximately $4.5 billion, unchanged despite the announcement of two new Permian gas processing plants, showcasing its commitment to future growth.
- Shareholder Return Strategy: Targa declared a common dividend of $1.25 per share for the first quarter and repurchased $55 million in common shares during the period, reflecting proactive measures to enhance shareholder value.
See More
Targa Resources Reports Q1 2026 Earnings Highlights
- Net Income Growth: Targa Resources reported a net income of $480 million for Q1 2026, a significant increase from $271 million in Q1 2025, indicating ongoing improvements in profitability despite a decline in overall revenue.
- Revenue Decline: The company's revenue for the first quarter was $4.09 billion, down 10.3% year-over-year, missing market expectations by $590 million, which may exert some pressure on investor confidence.
- EBITDA Guidance Increase: Targa has raised its full-year 2026 adjusted EBITDA estimate to between $5.7 billion and $5.9 billion, reflecting management's optimistic outlook for future performance, potentially attracting more investor interest.
- Dividend Growth Support: The growth momentum at Targa Resources supports future dividend increases, demonstrating the company's strategic commitment to maintaining stable cash flows and returning value to shareholders.
See More
Targa Resources to Announce Q1 Earnings on May 7
- Earnings Announcement: Targa Resources is set to release its Q1 2023 earnings on May 7 before market open, with consensus EPS estimates at $2.57 and revenue expectations at $4.68 billion, indicating stable performance in the market.
- Earnings Forecast Adjustments: Over the past three months, Targa's EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have experienced two upward and two downward revisions, reflecting analyst divergence and market uncertainty regarding the company's future performance.
- Market Performance Analysis: Although Targa Resources' stock has performed well, analysts believe there is still potential for further growth, particularly in the current energy market environment, which could drive stock price increases.
- Industry Positioning: Morgan Stanley has identified Targa Resources as a top midstream pick, underscoring its strong position in the industry and confidence in future growth, especially in the performance of its liquefied petroleum gas (LPG) export operations.
See More
Energy Transfer's Unit Price Poised for Significant Upside
- Price Surge Potential: Energy Transfer's unit price has already increased over 20% this year, nearing $20, and is expected to rise further due to higher oil prices, with a target of $25 representing a more than 25% increase.
- Earnings Growth Drivers: Although Energy Transfer does not produce oil, approximately 10% of its earnings are commodity price-linked, which are expected to rise with oil prices, while increased volumes through its liquids pipelines and marine export terminals will further boost revenue.
- LNG Project Restart Possibility: The closure of the Strait of Hormuz has disrupted global LNG supplies, prompting Energy Transfer to reconsider its Lake Charles LNG project, with potential discussions with partners that could add long-term value to its gas pipeline business.
- Valuation Upside Potential: Despite the price surge, Energy Transfer still trades at a low valuation, and as its financial position improves and expansion projects come online, the market is likely to reassess its valuation, driving it closer to peer averages.
See More
Energy Transfer's Optimistic Outlook Amid Rising Oil Prices
- Oil Price Growth Catalyst: Energy Transfer (ET) is projected to achieve earnings growth of 9% to 11.5% this year, driven by rising oil prices, particularly as potential U.S. military actions against Iran could lead to significant price spikes, enhancing the company's profitability.
- LNG Project Restart Potential: Although the Lake Charles LNG project was suspended last year, the closure of the Strait of Hormuz, disrupting 20% of global LNG supplies, may prompt Energy Transfer to find a new partner to restart the project, adding long-term value to its gas pipeline business.
- Increased Pipeline Volumes: With U.S. energy exports surging due to geopolitical tensions, Energy Transfer expects significant increases in volumes across its liquids pipelines and marine export terminals, which will drive higher fee-based income and further boost unit prices.
- Valuation Upside Anticipation: Despite a more than 20% rise in unit price this year, Energy Transfer still trades at a discount compared to large-scale energy midstream companies, suggesting that the market may soon recognize its strong financial position and growth prospects, potentially driving unit prices towards the $25 target.
See More
Bill Nygren's Investment Moves in Q1 2026
- New Additions: Bill Nygren added a total of seven stocks in Q1 2026, with Netflix Inc being the largest addition at 3,676,500 shares, accounting for 1.51% of the portfolio and valued at $353.5 million, indicating a continued bullish outlook on the streaming industry.
- Significant Increases: Nygren increased stakes in 15 stocks, notably Fiserv Inc, with an additional 5,067,100 shares representing a 104.28% increase, bringing total holdings to 9,926,200 shares, reflecting strong confidence in the fintech sector.
- Complete Exits: In Q1 2026, Nygren completely exited four holdings, including Deere & Co and APA Corp, which impacted the portfolio by -1.49% and -0.52% respectively, indicating a cautious stance on these sectors' outlooks.
- Reduction Dynamics: Nygren reduced positions in 21 stocks, particularly Warner Bros. Discovery Inc, where he cut 9,088,000 shares, resulting in a 46.78% decrease and a -1.08% impact on the portfolio, reflecting concerns about the media industry's prospects.
See More
Targa Resources Reports Record Q1 2026 Earnings Amid Challenges
- Record EBITDA: Targa Resources reported an adjusted EBITDA of $1.4 billion for Q1 2026, reflecting a 5% sequential increase primarily driven by contributions from its Permian Basin acquisition and optimization opportunities, demonstrating the company's ability to achieve profit growth amid challenges.
- Volume Growth: Despite severe winter weather and producer shut-ins due to weak Waha gas prices, Permian volumes are currently over 250 million cubic feet per day higher than the first quarter average, indicating effective resource management by the company.
- Capital Expenditure Plans: The company estimates net growth capital spending for 2026 to be approximately $4.5 billion, unchanged despite the announcement of two new Permian gas processing plants, showcasing its commitment to future growth.
- Shareholder Return Strategy: Targa declared a common dividend of $1.25 per share for the first quarter and repurchased $55 million in common shares during the period, reflecting proactive measures to enhance shareholder value.
See More
Targa Resources Reports Q1 2026 Earnings Highlights
- Net Income Growth: Targa Resources reported a net income of $480 million for Q1 2026, a significant increase from $271 million in Q1 2025, indicating ongoing improvements in profitability despite a decline in overall revenue.
- Revenue Decline: The company's revenue for the first quarter was $4.09 billion, down 10.3% year-over-year, missing market expectations by $590 million, which may exert some pressure on investor confidence.
- EBITDA Guidance Increase: Targa has raised its full-year 2026 adjusted EBITDA estimate to between $5.7 billion and $5.9 billion, reflecting management's optimistic outlook for future performance, potentially attracting more investor interest.
- Dividend Growth Support: The growth momentum at Targa Resources supports future dividend increases, demonstrating the company's strategic commitment to maintaining stable cash flows and returning value to shareholders.
See More
Targa Resources to Announce Q1 Earnings on May 7
- Earnings Announcement: Targa Resources is set to release its Q1 2023 earnings on May 7 before market open, with consensus EPS estimates at $2.57 and revenue expectations at $4.68 billion, indicating stable performance in the market.
- Earnings Forecast Adjustments: Over the past three months, Targa's EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have experienced two upward and two downward revisions, reflecting analyst divergence and market uncertainty regarding the company's future performance.
- Market Performance Analysis: Although Targa Resources' stock has performed well, analysts believe there is still potential for further growth, particularly in the current energy market environment, which could drive stock price increases.
- Industry Positioning: Morgan Stanley has identified Targa Resources as a top midstream pick, underscoring its strong position in the industry and confidence in future growth, especially in the performance of its liquefied petroleum gas (LPG) export operations.
See More
Energy Transfer's Unit Price Poised for Significant Upside
- Price Surge Potential: Energy Transfer's unit price has already increased over 20% this year, nearing $20, and is expected to rise further due to higher oil prices, with a target of $25 representing a more than 25% increase.
- Earnings Growth Drivers: Although Energy Transfer does not produce oil, approximately 10% of its earnings are commodity price-linked, which are expected to rise with oil prices, while increased volumes through its liquids pipelines and marine export terminals will further boost revenue.
- LNG Project Restart Possibility: The closure of the Strait of Hormuz has disrupted global LNG supplies, prompting Energy Transfer to reconsider its Lake Charles LNG project, with potential discussions with partners that could add long-term value to its gas pipeline business.
- Valuation Upside Potential: Despite the price surge, Energy Transfer still trades at a low valuation, and as its financial position improves and expansion projects come online, the market is likely to reassess its valuation, driving it closer to peer averages.
See More
Energy Transfer's Optimistic Outlook Amid Rising Oil Prices
- Oil Price Growth Catalyst: Energy Transfer (ET) is projected to achieve earnings growth of 9% to 11.5% this year, driven by rising oil prices, particularly as potential U.S. military actions against Iran could lead to significant price spikes, enhancing the company's profitability.
- LNG Project Restart Potential: Although the Lake Charles LNG project was suspended last year, the closure of the Strait of Hormuz, disrupting 20% of global LNG supplies, may prompt Energy Transfer to find a new partner to restart the project, adding long-term value to its gas pipeline business.
- Increased Pipeline Volumes: With U.S. energy exports surging due to geopolitical tensions, Energy Transfer expects significant increases in volumes across its liquids pipelines and marine export terminals, which will drive higher fee-based income and further boost unit prices.
- Valuation Upside Anticipation: Despite a more than 20% rise in unit price this year, Energy Transfer still trades at a discount compared to large-scale energy midstream companies, suggesting that the market may soon recognize its strong financial position and growth prospects, potentially driving unit prices towards the $25 target.
See More
