Plains GP (PAGP) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 1 sell rating, 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PAGP shares.
View PAGP analyst ratings or view top-rated stocks.

9 brokers have issued twelve-month target prices for Plains GP's shares. Their PAGP share price forecasts range from $15.00 to $20.00. On average, they predict the company's stock price to reach $16.72 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
View analysts price targets for PAGP or view top-rated stocks among Wall Street analysts.

Plains GP's stock was trading at $12.44 at the start of the year. Since then, PAGP stock has increased by 23.0% and is now trading at $15.30.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PAGP earnings forecast.

Plains GP Holdings, L.P. (NYSE:PAGP) issued its quarterly earnings results on Friday, August, 4th. The pipeline company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.11. The pipeline company had revenue of $11.60 billion for the quarter, compared to the consensus estimate of $16.84 billion. Plains GP had a net margin of 0.45% and a trailing twelve-month return on equity of 1.59%.

Plains GP announced a quarterly dividend on Thursday, July 6th. Investors of record on Monday, July 31st will be given a dividend of $0.2675 per share on Monday, August 14th. This represents a $1.07 annualized dividend and a dividend yield of 6.99%. The ex-dividend date of this dividend is Friday, July 28th.
Read our dividend analysis for PAGP.

ETFs with the largest weight of Plains GP (NYSE:PAGP) stock in their portfolio include Simplify Propel Opportunities ETF (SURI), USCF Midstream Energy Income Fund (UMI), First Trust North American Energy Infrastructure Fund (EMLP), Alerian Energy Infrastructure ETF (ENFR), FT Energy Income Partners Strategy ETF (EIPX), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC) and Pacer American Energy Independence ETF (USAI).

Plains GP (NYSE:PAGP) pays an annual dividend of $1.07 per share and currently has a dividend yield of 6.64%. PAGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 89.92%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PAGP will have a dividend payout ratio of 65.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAGP.

Based on aggregate information from My MarketBeat watchlists, some companies that other Plains GP investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), New Residential Investment (NRZ), AT&T (T), Ford Motor (F), Johnson & Johnson (JNJ), Pfizer (PFE), AbbVie (ABBV), Enbridge (ENB) and ONEOK (OKE).

Plains GP trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAGP."

Shares of PAGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PAGP stock can currently be purchased for approximately $15.30.

Plains GP (NYSE:PAGP) has a market capitalization of $3.00 billion and generates $57.34 billion in revenue each year. The pipeline company earns $168 million in net income (profit) each year or $1.19 on an earnings per share basis.

The company employs 4,100 workers across the globe.

Plains GP's mailing address is 333 CLAY STREET SUITE 1600, HOUSTON TX, 77002. The official website for the company is www.plainsallamerican.com. The pipeline company can be reached via phone at (703) 646-4100, via email at investorrelations@paalp.com, or via fax at 713-646-4572.