Plains GP Holdings, L.P. (NYSE:PAGP) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,004,900 shares of the pipeline company's stock after buying an additional 19,900 shares during the quarter. Two Sigma Advisers LP owned approximately 2.03% of Plains GP worth $73,610,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAGP. Ellsworth Advisors LLC purchased a new position in Plains GP during the fourth quarter valued at approximately $706,000. Fort Washington Investment Advisors Inc. OH increased its holdings in Plains GP by 114.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 370,496 shares of the pipeline company's stock valued at $6,810,000 after buying an additional 198,000 shares during the period. SG Americas Securities LLC purchased a new position in Plains GP during the fourth quarter valued at approximately $308,000. Janney Montgomery Scott LLC purchased a new position in Plains GP during the fourth quarter valued at approximately $676,000. Finally, Pacer Advisors Inc. increased its holdings in Plains GP by 27.0% during the fourth quarter. Pacer Advisors Inc. now owns 99,510 shares of the pipeline company's stock valued at $1,829,000 after buying an additional 21,184 shares during the period. 88.30% of the stock is owned by hedge funds and other institutional investors.

Plains GP Stock Up 0.6%

PAGP traded up $0.10 during trading on Friday, hitting $17.81. The stock had a trading volume of 1,268,685 shares, compared to its average volume of 1,534,616. The company has a market capitalization of $3.52 billion, a PE ratio of 33.60 and a beta of 0.68. Plains GP Holdings, L.P. has a twelve month low of $16.61 and a twelve month high of $22.31. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a 50 day simple moving average of $19.05 and a two-hundred day simple moving average of $19.70.

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 paid a dividend of $0.38 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.52 annualized dividend and a dividend yield of 8.53%. Plains GP's payout ratio is currently 205.41%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PAGP. Mizuho cut their price objective on shares of Plains GP from $21.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, May 20th. Barclays lowered their target price on shares of Plains GP from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley raised their target price on shares of Plains GP from $19.00 to $23.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 25th. Wall Street Zen upgraded shares of Plains GP from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, Raymond James raised their target price on shares of Plains GP from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.71.

Plains GP 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.