61,149 Shares in Plains GP Holdings, L.P. (NYSE:PAGP) Bought by Argent Advisors Inc.

Argent Advisors Inc. acquired a new stake in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 61,149 shares of the pipeline company's stock, valued at approximately $1,306,000.

Several other large investors have also bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in Plains GP by 61.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company's stock worth $25,000 after acquiring an additional 520 shares during the period. Farther Finance Advisors LLC grew 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 valued at $44,000 after acquiring an additional 2,355 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake 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 purchasing an additional 4,000 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Plains GP in the 4th quarter worth approximately $90,000. Finally, Golden State Wealth Management LLC lifted its stake in Plains GP by 233.1% in the first quarter. Golden State Wealth Management LLC now owns 5,995 shares of the pipeline company's stock valued at $128,000 after purchasing an additional 4,195 shares during the last quarter. 88.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Plains GP from $19.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, March 25th. Citigroup dropped their price target on shares of Plains GP from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Mizuho raised their price objective on shares of Plains GP from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, June 18th. Wall Street Zen raised shares of Plains GP from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Barclays cut their price target on Plains GP from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.88.

Plains GP Trading Down 0.1%

Plains GP stock opened at $19.37 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. Plains GP Holdings, L.P. has a fifty-two week low of $16.61 and a fifty-two week high of $22.31. The stock has a market cap of $3.83 billion, a P/E ratio of 36.55 and a beta of 0.63. The firm's fifty day moving average price is $18.53 and its 200-day moving average price is $19.65.

Plains GP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.38 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.52 annualized dividend and a dividend yield of 7.85%. Plains GP's payout ratio is currently 205.41%.

About Plains GP

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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