Plains GP Holdings, L.P. (NYSE:PAGP) Receives Consensus Rating of "Hold" from Analysts

Shares of Plains GP Holdings, L.P. (NYSE:PAGP - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $20.71.

A number of brokerages have recently issued reports on PAGP. Barclays cut their price target on shares of Plains GP from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Citigroup dropped their target price on shares of Plains GP from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wall Street Zen raised Plains GP from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Mizuho dropped their price objective on Plains GP from $21.00 to $20.00 and set an "outperform" rating for the company 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 stock an "equal weight" rating in a report on Tuesday, March 25th.

Plains GP Price Performance

NYSE:PAGP traded down $0.32 during trading hours on Friday, hitting $18.04. The company's stock had a trading volume of 1,232,527 shares, compared to its average volume of 1,542,544. Plains GP has a 52-week low of $16.61 and a 52-week 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 business's 50-day moving average is $18.47 and its two-hundred day moving average is $19.67. The company has a market capitalization of $3.57 billion, a PE ratio of 34.04 and a beta of 0.68.

Plains GP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date was Thursday, May 1st. Plains GP's dividend payout ratio (DPR) is presently 205.41%.

Hedge Funds Weigh In On Plains GP

Several hedge funds have recently bought and sold shares of PAGP. Jones Financial Companies Lllp boosted its stake in shares of Plains GP by 61.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 520 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Plains GP in the 4th quarter valued at about $33,000. Farther Finance Advisors LLC lifted its holdings in Plains GP by 8,120.7% in the 4th quarter. Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company's stock valued at $44,000 after purchasing an additional 2,355 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Plains GP during the 4th quarter worth about $44,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in shares of Plains GP by 1,000.0% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 88.30% of the company's stock.

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.