Vanguard Capital Management LLC Acquires 7.54% Passive Stake in Targa Resources Corp (TRGP)

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 7.54% ownership stake in Targa Resources Corp (TRGP). As of the event date of March 31, 2026, the firm beneficially owns 16,208,859 shares of Common Stock. This position represents a significant increase from a previously reported 0% holding. The filing indicates that Vanguard exercises sole dispositive power over all 16,208,859 shares and sole voting power over 2,258,506 shares. The securities were acquired in the ordinary course of business and are not held for the purpose of influencing or changing the control of the issuer. The reported holdings include shares managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. This passive investment reflects Vanguard's broad market participation and its role as a major institutional investor in the energy infrastructure sector. Targa Resources Corp is headquartered in Houston, Texas, and operates as a leading provider of midstream services.