Plains GP Holdings, L.P. (NYSE:PAGP) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,340,765 shares of the pipeline company's stock after acquiring an additional 26,791 shares during the period. BNP Paribas Financial Markets owned approximately 0.68% of Plains GP worth $24,643,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. 180 Wealth Advisors LLC grew its holdings in Plains GP by 16.7% during the fourth quarter. 180 Wealth Advisors LLC now owns 14,000 shares of the pipeline company's stock worth $257,000 after acquiring an additional 2,000 shares during the period. Fiduciary Financial Group LLC acquired a new stake in shares of Plains GP during the 4th quarter worth approximately $217,000. Central Valley Advisors LLC purchased a new position in shares of Plains GP during the 4th quarter valued at approximately $2,949,000. HF Advisory Group LLC lifted its stake in shares of Plains GP by 31.0% in the 4th quarter. HF Advisory Group LLC now owns 138,058 shares of the pipeline company's stock valued at $2,538,000 after purchasing an additional 32,691 shares during the period. Finally, Ellsworth Advisors LLC purchased a new stake in Plains GP during the fourth quarter worth $706,000. 88.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on PAGP. Morgan Stanley increased their target price on shares of Plains GP from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 25th. StockNews.com cut Plains GP from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Barclays dropped their price target on shares of Plains GP from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Raymond James increased their price objective on shares of Plains GP from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. Finally, Wolfe Research upgraded shares of Plains GP from a "peer perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.40.

Plains GP Stock Down 2.8 %

PAGP stock opened at $17.73 on Friday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 33.45 and a beta of 0.68. The firm has a 50-day moving average of $19.57 and a two-hundred day moving average of $19.66. Plains GP Holdings, L.P. has a 12 month low of $16.61 and a 12 month high of $22.31. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date is Thursday, May 1st. Plains GP's dividend payout ratio (DPR) is presently 286.79%.

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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