Aegis Wealth Management LLC bought a new position in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,880 shares of the pipeline company's stock, valued at approximately $310,000.
Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of Plains GP by 61.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company's stock worth $25,000 after buying an additional 520 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Plains GP during the 4th quarter worth $33,000. Allworth Financial LP bought a new stake in shares of Plains GP during the 4th quarter worth $44,000. Farther Finance Advisors LLC lifted its position in shares of Plains GP by 8,120.7% during the 4th quarter. Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company's stock worth $44,000 after buying an additional 2,355 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its position in shares of Plains GP by 1,000.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,400 shares of the pipeline company's stock worth $81,000 after buying an additional 4,000 shares during the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on PAGP shares. Morgan Stanley upped their price objective on Plains GP from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 25th. Barclays dropped their target price on Plains GP from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Mizuho dropped their target price on Plains GP from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, May 20th. Citigroup dropped their target price on Plains GP from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Plains GP from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Plains GP presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.71.
Check Out Our Latest Analysis on Plains GP
Plains GP Trading Down 0.2%
Plains GP stock traded down $0.03 during trading hours on Friday, hitting $17.63. The stock had a trading volume of 1,743,887 shares, compared to its average volume of 1,532,863. Plains GP Holdings, L.P. has a one year low of $16.61 and a one year high of $22.31. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 33.26 and a beta of 0.68. The business's 50 day simple moving average is $18.68 and its 200-day simple moving average is $19.68.
Plains GP Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.62%. Plains GP's dividend payout ratio (DPR) is 205.41%.
About Plains GP
(
Free Report)
Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.
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