Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Plains GP Holdings, L.P. $PAGP

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sharply increased its stake in Plains GP, boosting holdings 111.7% to 205,830 shares (~0.10% of the company) valued at $3.94 million per its latest 13F filing.
• Plains GP declared a quarterly dividend of $0.4175 per share (annualized $1.67) for a 6.9% yield, with an ex-dividend date of May 1 and payment on May 15, though the payout ratio is elevated at 129.46%.
• Analyst coverage is mixed with a "Hold" consensus and a $21.90 average price target, while the stock trades around $24.19 (market cap ~$4.79B); broker ratings range from Strong Buy to Sell.

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 111.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,830 shares of the pipeline company's stock after purchasing an additional 108,610 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Plains GP worth $3,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cibc World Market Inc. grew its holdings in Plains GP by 3.8% in the 3rd quarter. Cibc World Market Inc. now owns 16,229 shares of the pipeline company's stock worth $296,000 after acquiring an additional 597 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in Plains GP by 0.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 75,889 shares of the pipeline company's stock worth $1,384,000 after acquiring an additional 631 shares during the last quarter. CWM LLC grew its holdings in Plains GP by 8.5% in the 4th quarter. CWM LLC now owns 8,113 shares of the pipeline company's stock worth $155,000 after acquiring an additional 636 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Plains GP by 56.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,781 shares of the pipeline company's stock worth $32,000 after acquiring an additional 645 shares during the last quarter. Finally, Creative Planning grew its holdings in Plains GP by 5.1% in the 3rd quarter. Creative Planning now owns 15,192 shares of the pipeline company's stock worth $277,000 after acquiring an additional 742 shares during the last quarter. Institutional investors own 88.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PAGP. Citigroup raised their price target on shares of Plains GP from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, February 10th. Stifel Nicolaus lifted their target price on shares of Plains GP from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 6th. Barclays lifted their target price on shares of Plains GP from $18.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, April 10th. Zacks Research raised shares of Plains GP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company lifted their target price on shares of Plains GP from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Plains GP currently has an average rating of "Hold" and a consensus price target of $21.90.

Plains GP Trading Up 1.9%

Shares of PAGP opened at $24.19 on Thursday. The firm's 50-day moving average price is $23.36 and its 200-day moving average price is $20.52. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 45.64 and a beta of 0.50. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. Plains GP Holdings, L.P. has a 1-year low of $16.68 and a 1-year high of $24.75.

Plains GP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, May 1st. Plains GP's dividend payout ratio (DPR) is 129.46%.

About Plains GP

Plains GP Holdings, L.P. NYSE: PAGP serves as the general partner of Plains All American Pipeline, L.P., one of North America's leading energy infrastructure companies. Through its ownership of a 2% general partner interest and incentive distribution rights (IDRs), Plains GP Holdings participates in the governance and cash distribution structure of a diversified portfolio of crude oil and natural gas liquids gathering, transportation, storage, and terminaling assets.

The company's primary business activities include overseeing the strategic direction and capital allocation decisions for its affiliated midstream operations.

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