2 weeks Ago By ABMN Staff
Barclays PLC lifted its stake in shares of Plains GP Holdings, L.P. ( NYSE:PAGP – Free Report ) by 7.
9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 890,577 shares of the pipeline company’s stock after purchasing an additional 65,080 shares during the quarter. Barclays PLC owned about 0.
45% of Plains GP worth $16,370,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Plains GP by 61.
7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company’s stock worth $25,000 after buying an additional 520 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Plains GP during the 4th quarter worth $33,000.
Allworth Financial LP bought a new position in shares of Plains GP in the fourth quarter worth $44,000. Farther Finance Advisors LLC increased its holdings in shares of Plains GP by 8,120.7% during the fourth quarter.
Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company’s stock valued at $44,000 after purchasing an additional 2,355 shares during the period. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Plains GP by 1,000.0% during the fourth quarter.
Mark Sheptoff Financial Planning LLC now owns 4,400 shares of the pipeline company’s stock valued at $81,000 after purchasing an additional 4,000 shares in the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth PAGP has been the subject of a number of recent analyst reports. Raymond James raised their target price on shares of Plains GP from $23.00 to $24.
00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 28th. Wolfe Research upgraded shares of Plains GP from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Friday, January 10th.
Morgan Stanley upped their target price on Plains GP from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 25th.
StockNews.com cut Plains GP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Finally, Barclays cut their price objective on Plains GP from $19.
00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.83. Plains GP Price Performance NYSE PAGP opened at $18.
93 on Monday. The stock has a market capitalization of $3.74 billion, a P/E ratio of 35.
72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.
49, a quick ratio of 0.92 and a current ratio of 1.01.
The business’s fifty day moving average is $20.43 and its two-hundred day moving average is $19.69.
Plains GP Holdings, L.P. has a 1 year low of $16.
61 and a 1 year high of $22.31. Plains GP Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th.
Stockholders of record on Thursday, May 1st will be issued a dividend of $0.38 per share. This represents a $1.
52 annualized dividend and a dividend yield of 8.03%. The ex-dividend date of this dividend is Thursday, May 1st.
Plains GP’s dividend payout ratio is 286.79%. Plains GP Company Profile ( Free Report ) Plains GP Holdings, L.
P., through its subsidiary, Plains All American Pipeline, L.P.
, owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.
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