Bard Financial Services Inc. Has $6.34 Million Stock Holdings in Plains GP Holdings, L.P. (NYSE:PAGP)

Bard Financial Services Inc. boosted its stake in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 296,725 shares of the pipeline company's stock after purchasing an additional 15,250 shares during the period. Bard Financial Services Inc. owned 0.15% of Plains GP worth $6,338,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in Plains GP by 27.2% during the fourth quarter. Northern Trust Corp now owns 80,964 shares of the pipeline company's stock valued at $1,488,000 after purchasing an additional 17,333 shares during the last quarter. Plato Investment Management Ltd lifted its position in shares of Plains GP by 144.2% in the fourth quarter. Plato Investment Management Ltd now owns 35,812 shares of the pipeline company's stock valued at $661,000 after buying an additional 21,146 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Plains GP during the 4th quarter worth approximately $380,000. Bank of Montreal Can lifted its holdings in Plains GP by 36.4% during the 4th quarter. Bank of Montreal Can now owns 43,284 shares of the pipeline company's stock worth $796,000 after purchasing an additional 11,541 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Plains GP by 7.9% during the 4th quarter. Barclays PLC now owns 890,577 shares of the pipeline company's stock worth $16,370,000 after purchasing an additional 65,080 shares during the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

Plains GP Price Performance

Shares of Plains GP stock traded up $0.21 during trading on Friday, reaching $19.20. 1,918,700 shares of the company's stock were exchanged, compared to its average volume of 1,573,063. 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 1-year low of $16.61 and a 1-year high of $22.31. The company has a market cap of $3.80 billion, a P/E ratio of 36.23 and a beta of 0.63. The firm's 50-day moving average price is $18.32 and its 200 day moving average price is $19.66.

Plains GP Announces Dividend

The company also recently announced 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 of this dividend was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a yield of 7.92%. Plains GP's payout ratio is presently 205.41%.

Analyst Upgrades and Downgrades

PAGP has been the subject of several research reports. Wall Street Zen raised Plains GP from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Citigroup dropped their price target on Plains GP from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays dropped 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. Mizuho lowered their price objective on Plains GP from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Finally, Morgan Stanley lifted their price objective on Plains GP from $19.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.71.

Plains GP Company Profile

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.