Plains GP Holdings, L.P. (NYSE:PAGP) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 709,260 shares of the pipeline company's stock after purchasing an additional 22,003 shares during the period. Stifel Financial Corp owned 0.36% of Plains GP worth $13,036,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Plains GP by 61.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 520 shares during the period. Golden State Wealth Management LLC acquired a new position in Plains GP in the fourth quarter valued at about $33,000. Allworth Financial LP purchased a new position in Plains GP during the fourth quarter worth about $44,000. Farther Finance Advisors LLC increased its position in shares of Plains GP by 8,120.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company's stock valued at $44,000 after acquiring an additional 2,355 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Plains GP by 1,000.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,400 shares of the pipeline company's stock valued at $81,000 after acquiring an additional 4,000 shares during the period. 88.30% of the stock is currently owned by hedge funds and other institutional investors.

Plains GP Stock Up 2.2 %

PAGP stock traded up $0.42 during trading on Thursday, hitting $19.26. 737,794 shares of the company's stock were exchanged, compared to its average volume of 1,569,555. The business has a 50-day moving average price of $20.30 and a two-hundred day moving average price of $19.67. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 36.32 and a beta of 1.11. Plains GP Holdings, L.P. has a 52-week low of $16.61 and a 52-week high of $22.31.

Plains GP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.89%. The ex-dividend date of this dividend is Thursday, May 1st. Plains GP's payout ratio is 286.79%.

Analyst Upgrades and Downgrades

PAGP has been the subject of several research reports. Barclays dropped their target price 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. StockNews.com downgraded Plains GP from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Raymond James raised their target price on Plains GP from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. Wolfe Research raised shares of Plains GP from a "peer perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a research note on Friday, January 10th. Finally, 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 report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.83.

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.