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 brokerages have issued 12-month target prices for Plains GP's shares. Their PAGP share price forecasts range from $12.00 to $20.00. On average, they expect the company's stock price to reach $15.25 in the next year. This suggests a possible upside of 21.4% 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 beginning of the year. Since then, PAGP stock has increased by 1.0% and is now trading at $12.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our PAGP earnings forecast.

Plains GP Holdings, L.P. (NYSE:PAGP) announced its quarterly earnings data on Wednesday, February, 8th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by $0.08. The pipeline company had revenue of $12.95 billion for the quarter, compared to analyst estimates of $14.40 billion. Plains GP had a trailing twelve-month return on equity of 1.18% and a net margin of 0.29%.

Plains GP announced a quarterly dividend on Wednesday, January 11th. Shareholders 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 8.52%. The ex-dividend date is Monday, January 30th. This is an increase from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for PAGP.

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

Plains GP (NYSE:PAGP) pays an annual dividend of $1.07 per share and currently has a dividend yield of 8.72%. 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 124.42%. 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 85.60% 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. (6.58%), Energy Income Partners LLC (5.60%), Clearbridge Investments LLC (4.23%), Chickasaw Capital Management LLC (3.05%), Kayne Anderson Capital Advisors LP (2.25%) and Two Sigma Advisers LP (1.78%). Insiders that own company stock include Ellen Desanctis and Victor Burk.
View institutional ownership trends.

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 $12.56.

Plains GP (NYSE:PAGP) has a market capitalization of $2.44 billion and generates $57.34 billion in revenue each year. The pipeline company earns $168 million in net income (profit) each year or $0.86 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.