Plains GP - PAGP Stock Forecast, Price & News

13 Wall Street equities 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 equities research analysts is that investors should "buy" PAGP shares.
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13 Wall Street research analysts have issued 12-month price targets for Plains GP's shares. Their PAGP share price forecasts range from $12.00 to $18.00. On average, they predict the company's share price to reach $14.58 in the next year. This suggests a possible upside of 7.7% 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 shares have increased by 8.8% and is now trading at $13.54.
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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) announced its earnings results on Wednesday, November, 2nd. The pipeline company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.17 by $0.19. The pipeline company had revenue of $14.34 billion for the quarter, compared to analysts' expectations of $14.77 billion. Plains GP had a trailing twelve-month return on equity of 1.47% and a net margin of 0.36%.

Plains GP declared a quarterly dividend on Wednesday, January 11th. Stockholders of record on Tuesday, January 31st will be given a dividend of $0.2675 per share on Tuesday, February 14th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Monday, January 30th. This is a positive change from the stock's previous quarterly dividend of $0.22.
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 6.46%. 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 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 87.88% 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 shareholders include Chickasaw Capital Management LLC (3.05%), Assenagon Asset Management S.A. (1.30%), Bard Financial Services Inc. (0.23%), Stableford Capital II LLC (0.08%), GraniteShares Advisors LLC (0.03%) and Chesley Taft & Associates LLC (0.03%). 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 $13.54.

Plains GP (NYSE:PAGP) has a market capitalization of $2.63 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.