Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Through its three business segments, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas. The Transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The Facilities segment operations consist of fee-based activities associated with providing storage, terminaling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. The Supply and Logistics segment operations consist of the merchant-related activities.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Pipelines
- Sub-Industry: N/A
- Symbol: NYSE:PAGP
- CUSIP: N/A
- Web: www.plainsallamerican.com
- Market Cap: $4.16 billion
- Outstanding Shares: 152,280,000
- 50 Day Moving Avg: $29.28
- 200 Day Moving Avg: $31.35
- 52 Week Range: $23.06 - $36.59
Sales & Book Value:
- Trailing P/E Ratio: 65.59
- Foreward P/E Ratio: 13.34
- P/E Growth: -0.43
- Annual Revenue: $22.74 billion
- Price / Sales: 0.18
- Book Value: $17.16 per share
- Price / Book: 1.59
- Annual Dividend: $2.20
- Dividend Yield: 7.8%
- EBIDTA: $1.89 billion
- Net Margins: 0.47%
- Return on Equity: 0.90%
- Return on Assets: 0.38%
- Debt-to-Equity Ratio: 0.99%
- Current Ratio: 0.93%
- Quick Ratio: 0.62%
- Average Volume: 1.38 million shs.
- Beta: 1.49
- Short Ratio: 2.39
Frequently Asked Questions for Plains GP Holdings LP (NYSE:PAGP)
What is Plains GP Holdings LP's stock symbol?
Plains GP Holdings LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAGP."
How often does Plains GP Holdings LP pay dividends? What is the dividend yield for Plains GP Holdings LP?
Plains GP Holdings LP declared a quarterly dividend on Tuesday, April 18th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.55 per share on Monday, May 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date is Thursday, April 27th. View Plains GP Holdings LP's Dividend History.
How were Plains GP Holdings LP's earnings last quarter?
Plains GP Holdings LP (NYSE:PAGP) released its quarterly earnings data on Monday, May, 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.11. The company had revenue of $6.67 billion for the quarter, compared to analysts' expectations of $5.21 billion. Plains GP Holdings LP had a return on equity of 0.90% and a net margin of 0.47%. The firm's quarterly revenue was up 62.2% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. View Plains GP Holdings LP's Earnings History.
Where is Plains GP Holdings LP's stock going? Where will Plains GP Holdings LP's stock price be in 2017?
20 brokers have issued 12 month price targets for Plains GP Holdings LP's stock. Their forecasts range from $10.00 to $39.00. On average, they anticipate Plains GP Holdings LP's stock price to reach $24.47 in the next year. View Analyst Ratings for Plains GP Holdings LP.
What are analysts saying about Plains GP Holdings LP stock?
Here are some recent quotes from research analysts about Plains GP Holdings LP stock:
- 1. According to Zacks Investment Research, "Plains GP Holdings, L.P. operates as a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling, and marketing of crude oil and refined products. It also focuses on the processing, transportation, fractionation, storage, and marketing of natural gas liquids, including ethane and natural gasoline products, as well as propane and butane products. Plains GP Holdings, L.P. is based in Houston, Texas. " (4/26/2017)
- 2. Stifel Nicolaus analysts commented, "Plains Holdings GP, LP is a tracking stock to Plains All American Pipeline, LP (PAA, Hold - $31.37) and provides investors a 1099 option to gain exposure as opposed to PAA's K-1 tax form. PAGP also enables management to access equity markets through a second security, which has traded at a premium to PAA since becoming a tracking stock when Plains announced its simplification transaction. For a review of PAA's results and our takeaways, please review PAA: Management Remains Optimistic on Long-Term Prospects, but Near-Term Challenges Remain; Maintain Hold. At this time, we are maintaining our Hold rating on shares of PAGP, while adjusting our target price to $34.00 from $31.00." (2/9/2017)
Are investors shorting Plains GP Holdings LP?
Plains GP Holdings LP saw a decrease in short interest in April. As of April 13th, there was short interest totalling 4,359,717 shares, a decrease of 33.4% from the March 31st total of 6,550,171 shares. Based on an average daily trading volume, of 1,007,250 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.0% of the company's shares are short sold.
Who are some of Plains GP Holdings LP's key competitors?
Some companies that are related to Plains GP Holdings LP include Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), Enable Midstream Partners LP (ENBL), Antero Midstream Partners LP (AM), Enbridge Energy Partners, L.P. (EEP), EQT Midstream Partners LP (EQM), Shell Midstream Partners LP (SHLX), DCP Midstream LP (DCP), Boardwalk Pipeline Partners, LP (BWP), NuStar Energy L.P. (NS), TC Pipelines, LP (TCP), Genesis Energy, L.P. (GEL), Tallgrass Energy Partners LP (TEP), EnLink Midstream LLC (ENLC), Valero Energy Partners LP (VLP), Dominion Energy Midstream Partners LP (DM), QEP Resources (QEP) and Holly Energy Partners, L.P. (HEP).
Who owns Plains GP Holdings LP stock?
Plains GP Holdings LP's stock is owned by a number of of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (6.93%), Kayne Anderson Capital Advisors LP (6.84%), OppenheimerFunds Inc. (5.58%), Goldman Sachs Group Inc. (4.29%), Iridian Asset Management LLC CT (2.84%) and Massachusetts Financial Services Co. MA (2.82%). Company insiders that own Plains GP Holdings LP stock include Greg L Armstrong, Harry N Pefanis, John T Raymond and Willie Cw Chiang. View Institutional Ownership Trends for Plains GP Holdings LP.
Who sold Plains GP Holdings LP stock? Who is selling Plains GP Holdings LP stock?
Plains GP Holdings LP's stock was sold by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Advisors Capital Management LLC, Kayne Anderson Capital Advisors LP, Bank of America Corp DE, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Credit Suisse AG, Zurcher Kantonalbank Zurich Cantonalbank and Bank of New York Mellon Corp. View Insider Buying and Selling for Plains GP Holdings LP.
Who bought Plains GP Holdings LP stock? Who is buying Plains GP Holdings LP stock?
Plains GP Holdings LP's stock was bought by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., State Street Corp, Massachusetts Financial Services Co. MA, HITE Hedge Asset Management LLC, Arosa Capital Management LP, Goldman Sachs Group Inc., Chickasaw Capital Management LLC and Morgan Stanley. Company insiders that have bought Plains GP Holdings LP stock in the last two years include Greg L Armstrong, Harry N Pefanis, John T Raymond and Willie Cw Chiang. View Insider Buying and Selling for Plains GP Holdings LP.
How do I buy Plains GP Holdings LP stock?
Shares of Plains GP Holdings LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Plains GP Holdings LP stock cost?
One share of Plains GP Holdings LP stock can currently be purchased for approximately $27.35.
Earnings History for Plains GP Holdings LP (NYSE:PAGP)Earnings History by Quarter for Plains GP Holdings LP (NYSE:PAGP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017||Q1 2017||$0.45||$0.34||$5.21 billion||$6.67 billion||View||Listen|
|2/7/2017||Q416||$0.80||($0.08)||$6.13 billion||$5.95 billion||View||N/A|
|8/8/2016||Q216||$0.19||$0.15||$4.76 billion||$4.95 billion||View||N/A|
|5/4/2016||Q116||$0.20||$0.07||$6.82 billion||$4.11 billion||View||N/A|
|2/8/2016||Q415||$0.14||$0.11||$8.76 billion||$5.00 billion||View||N/A|
|11/3/2015||Q315||$0.16||$0.14||$7.85 billion||$5.55 billion||View||N/A|
|8/4/2015||Q215||$0.14||$0.27||$8.55 billion||$6.66 billion||View||N/A|
|5/5/2015||Q115||$0.14||$0.14||$11.31 billion||$5.94 billion||View||N/A|
|2/4/2015||Q414||$0.13||$0.13||$11.45 billion||$9.46 billion||View||N/A|
|11/5/2014||Q3||$0.08||$0.53||$11.15 billion||$11.13 billion||View||N/A|
|8/6/2014||Q114||$0.50||$0.50||$10.51 billion||$11.20 billion||View||N/A|
|5/7/2014||$0.12||$0.11||$11.14 billion||$11.68 billion||View||N/A|
Earnings Estimates for Plains GP Holdings LP (NYSE:PAGP)
Current Year EPS Consensus Estimate: $1.46 EPS
Next Year EPS Consensus Estimate: $2.05 EPS
Current Dividend Information for Plains GP Holdings LP (NYSE:PAGP)
|Most Recent Dividend:||5/15/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||236.06% (Trailing 12 Months of Earnings) |
150.68% (Based on This Year's Estimates)
107.32% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Plains GP Holdings LP (NYSE:PAGP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Plains GP Holdings LP (NYSE:PAGP)
Insider Ownership Percentage: 39.93%Insider Trades by Quarter for Plains GP Holdings LP (NYSE:PAGP)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/10/2017||Greg L Armstrong||Chairman||Buy||100,000||$27.64||$2,764,000.00|| |
|3/1/2017||Greg L Armstrong||Chairman||Buy||50,000||$31.00||$1,550,000.00|| |
|2/11/2016||Willie Cw Chiang||COO||Buy||200,000||$5.80||$1,160,000.00|| |
|2/10/2016||Greg L Armstrong||CEO||Buy||1,000,000||$5.86||$5,860,000.00|| |
|2/10/2016||Harry N. Pefanis||COO||Buy||20,000||$5.75||$115,000.00|| |
|11/19/2015||Greg L Armstrong||CEO||Buy||100,000||$11.09||$1,109,000.00|| |
|9/29/2015||John T Raymond||Director||Buy||50,000||$16.50||$825,000.00|| |
|8/10/2015||Greg L Armstrong||CEO||Buy||100,000||$18.27||$1,827,000.00|| |
|11/14/2014||John T Raymond||Director||Buy||100,000||$25.00||$2,500,000.00|| |
|3/13/2014||Victor Burk||Director||Buy||3,000||$27.09||$81,270.00|| |
Headline Trends for Plains GP Holdings LP (NYSE:PAGP)
Latest Headlines for Plains GP Holdings LP (NYSE:PAGP)
|Plains GP Holdings LP (PAGP) Rating Reiterated by BMO Capital Markets|
www.americanbankingnews.com - May 24 at 11:33 AM
|Plains GP Holdings LP (PAGP) Raised to Outperform at Raymond James Financial, Inc.|
www.americanbankingnews.com - May 22 at 9:04 AM
|Plains GP Holdings LP (PAGP) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - May 19 at 2:02 PM
|Zacks: Brokerages Expect Plains GP Holdings LP (PAGP) Will Post Quarterly Sales of $5.3 Billion|
www.americanbankingnews.com - May 17 at 12:02 PM
|Plains GP Holdings Target of Unusually Large Options Trading (PAGP)|
www.americanbankingnews.com - May 17 at 7:22 AM
|Zacks: Brokerages Expect Plains GP Holdings LP (PAGP) Will Announce Earnings of $0.25 Per Share|
www.americanbankingnews.com - May 15 at 9:24 AM
|Plains GP Holdings LP (PAGP) Price Target Cut to $30.00|
www.americanbankingnews.com - May 14 at 3:26 PM
|Plains GP Holdings LP (PAGP) Chairman Greg L. Armstrong Buys 100,000 Shares|
www.americanbankingnews.com - May 10 at 10:24 PM
|Plains GP Holdings LP (PAGP) Issues Earnings Results, Hits Estimates|
www.americanbankingnews.com - May 9 at 12:38 AM
|Plains GP Holdings LP (PAGP) Releases Earnings Results, Meets Expectations|
www.americanbankingnews.com - May 8 at 11:52 PM
|Plains All American Pipeline, L.P. and Plains GP Holdings Report First-Quarter 2017 Results|
finance.yahoo.com - May 8 at 6:31 PM
|Plains GP misses 1Q profit forecasts|
marketbeat.com - May 8 at 5:55 PM
|Plains GP Holdings (PAGP) Receives Daily Coverage Optimism Rating of 0.09|
www.americanbankingnews.com - May 6 at 12:07 AM
|Plains GP Holdings (PAGP) Earns Daily Media Sentiment Score of -0.04|
www.americanbankingnews.com - May 2 at 10:56 PM
|Plains GP Holdings LP (PAGP) Short Interest Down 33.4% in April|
www.americanbankingnews.com - May 2 at 7:14 AM
|Plains GP Holdings (PAGP) Given Daily Coverage Optimism Rating of 0.05|
www.americanbankingnews.com - April 28 at 5:45 PM
|Plains GP Holdings LP : PAGP-US: Dividend Analysis : May 01st, 2017 (record date) : By the numbers : April 27, 2017|
finance.yahoo.com - April 27 at 7:34 PM
|$5.9 Billion in Sales Expected for Plains GP Holdings LP (PAGP) This Quarter|
www.americanbankingnews.com - April 26 at 12:16 PM
|Plains GP Holdings (PAGP) Receives Media Impact Score of 0.06|
www.americanbankingnews.com - April 25 at 5:30 PM
| Analysts Expect Plains GP Holdings LP (PAGP) to Announce $0.42 EPS|
www.americanbankingnews.com - April 24 at 2:34 PM
|Plains GP Holdings LP (PAGP) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - April 24 at 1:54 PM
|Plains GP Holdings LP (PAGP) Cut to "Hold" at Jefferies Group LLC|
www.americanbankingnews.com - April 21 at 11:32 PM
|Plains GP Holdings LP (PAGP) Receives New Coverage from Analysts at Wolfe Research|
www.americanbankingnews.com - April 21 at 1:01 PM
|Plains GP Holdings LP (PAGP) Now Covered by Macquarie|
www.americanbankingnews.com - April 21 at 10:53 AM
|Zacks.com featured highlights: Nippon Telegraph and Telephone, Tech Data, Plains GP Holdings, Synnex and Regions Financial|
finance.yahoo.com - April 20 at 7:11 PM
|Plains GP Holdings LP (pagp) Plans Quarterly Dividend of $0.55|
www.americanbankingnews.com - April 19 at 10:17 AM
|Positive Media Coverage Very Unlikely to Effect Plains GP Holdings (PAGP) Stock Price|
www.americanbankingnews.com - April 14 at 3:42 PM
|Plains GP Holdings LP (PAGP) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - April 14 at 8:36 AM
|Plains GP Holdings LP (PAGP) Receives "Equal Weight" Rating from Barclays PLC|
www.americanbankingnews.com - April 5 at 9:01 AM
|Zacks Investment Research Lowers Plains GP Holdings LP (PAGP) to Hold|
www.americanbankingnews.com - April 4 at 8:17 AM
|MLPs: MLP Comfort Zone|
seekingalpha.com - April 2 at 6:55 PM
|Plains GP Holdings LP (PAGP) Receives Equal Weight Rating from Barclays PLC|
www.americanbankingnews.com - March 30 at 2:34 PM
|Plains GP Holdings LP (PAGP) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - March 28 at 1:46 PM
|Plains GP Holdings, LP (PAGP) Presents At Morgan Stanley MLP_Diversified Natural Gas Utilities & Clean Tech Conference 2017 - Slideshow|
seekingalpha.com - March 2 at 8:49 AM
|PLAINS GP HOLDINGS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibi|
us.rd.yahoo.com - March 1 at 7:20 PM
|Plains GP Holdings (PAGP) Commences 34M Offering of Class A Shares|
www.streetinsider.com - February 23 at 7:10 PM
|PAGP Announces Public Offering of Class A Shares|
us.rd.yahoo.com - February 23 at 7:10 PM
|4:15 pm Plains GP commences offering of 34 mln of its Class A shares representing limited partner interests|
us.rd.yahoo.com - February 23 at 7:10 PM
|PLAINS GP HOLDINGS LP Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc. o|
biz.yahoo.com - February 21 at 5:46 PM
|PLAINS GP HOLDINGS LP Files SEC form 8-K, Completion of Acquisition or Disposition of Assets|
biz.yahoo.com - February 14 at 11:00 PM
|Plains All American Pipeline, L.P. and Plains GP Holdings Report Fourth-Quarter and Full-Year 2016 Results|
us.rd.yahoo.com - February 7 at 8:13 PM
|Q4 2016 Plains GP Holdings LP Earnings Release - After Market Close|
biz.yahoo.com - February 7 at 9:06 AM
|Plains Group Holdings, L.P. (PAGP) Ex-Dividend Date Scheduled for January 27, 2017 - Nasdaq|
www.nasdaq.com - January 27 at 5:27 AM
|PLAINS GP HOLDINGS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Finan|
biz.yahoo.com - January 24 at 7:51 PM
|Plains Midstream Canada ULC -- Moody's reviews Plains All American's ratings for downgrade|
www.moodys.com - January 24 at 7:51 PM
|Plains GP Holdings LP breached its 50 day moving average in a Bearish Manner : PAGP-US : January 9, 2017|
us.rd.yahoo.com - January 9 at 7:47 PM
Plains GP Holdings LP (PAGP) Chart for Saturday, May, 27, 2017