Plains GP (PAGP) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last twelve months. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PAGP shares.
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12 brokers have issued 1-year target prices for Plains GP's shares. Their PAGP share price forecasts range from $12.00 to $20.00. On average, they anticipate the company's share price to reach $15.73 in the next twelve months. This suggests a possible upside of 14.1% from the stock's current price.
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Plains GP's stock was trading at $12.44 at the start of the year. Since then, PAGP stock has increased by 10.8% and is now trading at $13.78.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PAGP earnings forecast.

Plains GP Holdings, L.P. (NYSE:PAGP) issued its quarterly earnings data on Tuesday, November, 2nd. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.29. The pipeline company earned $10.78 billion during the quarter, compared to analyst estimates of $9.28 billion. Plains GP had a net margin of 0.38% and a trailing twelve-month return on equity of 1.49%. During the same period in the prior year, the business earned $0.09 EPS.

Plains GP declared a quarterly dividend on Tuesday, April 11th. Investors of record on Monday, May 1st will be given a dividend of $0.2675 per share on Monday, May 15th. This represents a $1.07 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend is Friday, April 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), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), FT Energy Income Partners Strategy ETF (EIPX), 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 7.63%. 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 97.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PAGP will have a dividend payout ratio of 243.18% in the coming year. This indicates that the company may not be able to sustain their current 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."

Plains GP's stock is owned by a number of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (6.30%), Clearbridge Investments LLC (4.31%), Chickasaw Capital Management LLC (2.86%), RR Advisors LLC (2.79%), Kayne Anderson Capital Advisors LP (2.25%) and Two Sigma Advisers LP (1.72%). Insiders that own company stock include Ellen Desanctis, Victor Burk and Willie Cw Chiang.
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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.
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One share of PAGP stock can currently be purchased for approximately $13.78.

Plains GP (NYSE:PAGP) has a market capitalization of $2.68 billion and generates $57.34 billion in revenue each year. The pipeline company earns $168 million in net income (profit) each year or $1.10 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.