Plains GP - PAGP Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PAGP shares.
View PAGP analyst ratings or view top-rated stocks.

13 brokers have issued twelve-month price objectives for Plains GP's stock. Their PAGP share price forecasts range from $12.00 to $18.00. On average, they anticipate the company's share price to reach $14.63 in the next twelve months. This suggests a possible upside of 18.0% 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 $10.14 at the beginning of 2022. Since then, PAGP shares have increased by 22.2% and is now trading at $12.39.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PAGP earnings forecast.

Plains GP Holdings, L.P. (NYSE:PAGP) issued its quarterly earnings results on Tuesday, November, 2nd. The pipeline company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 1.47% and a net margin of 0.36%. During the same period last year, the company posted $0.09 earnings per share.

Plains GP announced a quarterly dividend on Monday, October 10th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.2175 per share on Monday, November 14th. This represents a $0.87 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend is Friday, October 28th.
Read our dividend analysis for PAGP.

Plains GP (NYSE:PAGP) pays an annual dividend of $0.87 per share and currently has a dividend yield of 6.89%. PAGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.08%. 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 92.55% 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 variety of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (6.98%), Massachusetts Financial Services Co. MA (6.38%), Energy Income Partners LLC (4.61%), Chickasaw Capital Management LLC (3.57%), Kayne Anderson Capital Advisors LP (2.31%) and Two Sigma Advisers LP (1.81%). Insiders that own company stock include Ellen Desanctis, Greg L Armstrong, Harry N Pefanis, Robert V Sinnott, 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 $12.39.

Plains GP (NYSE:PAGP) has a market capitalization of $2.41 billion and generates $42.04 billion in revenue each year. The pipeline company earns $60 million in net income (profit) each year or $1.06 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.