2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its stake in shares of Plains GP Holdings, L.P. ( NYSE:PAGP – Free Report ) by 36.
4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,284 shares of the pipeline company’s stock after purchasing an additional 11,541 shares during the quarter. Bank of Montreal Can’s holdings in Plains GP were worth $796,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in shares of 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 fourth quarter worth about $33,000. Farther Finance Advisors LLC raised its position in Plains GP by 8,120.
7% in the fourth quarter. Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company’s stock worth $44,000 after acquiring an additional 2,355 shares in the last quarter. Allworth Financial LP acquired a new stake in Plains GP in the 4th quarter valued at about $44,000.
Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of Plains GP by 1,000.0% during the 4th 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.
Institutional investors and hedge funds own 88.30% of the company’s stock. Wall Street Analyst Weigh In PAGP has been the subject of several recent research reports.
Raymond James increased 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.
Barclays cut their price objective on Plains GP from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th.
Wolfe Research upgraded Plains GP from a “peer perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday, January 10th. Morgan Stanley upped their target price on Plains GP from $19.
00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, March 25th. Finally, StockNews.
com downgraded Plains GP from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Plains GP presently has a consensus rating of “Hold” and an average target price of $20.
83. Plains GP Trading Up 1.2 % Shares of NYSE PAGP opened at $18.
93 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.
92 and a debt-to-equity ratio of 0.49. Plains GP Holdings, L.
P. has a one year low of $16.61 and a one year high of $22.
31. The business has a 50-day moving average price of $20.43 and a two-hundred day moving average price of $19.
68. The firm has a market capitalization of $3.74 billion, a PE ratio of 35.
72 and a beta of 1.11. Plains GP Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th.
Investors of record on Thursday, May 1st will be given a dividend of $0.38 per share. This represents a $1.
52 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date is Thursday, May 1st.
Plains GP’s payout ratio is presently 286.79%. Plains GP 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.
Further Reading Five stocks we like better than Plains GP Quiet Period Expirations Explained J.B. Hunt Transport Overcorrects Into a Buying Opportunity Dividend Screener: How to Evaluate Dividend Stocks Before Buying AppLovin: Can Record Profits Overcome Market Skepticism? 3 Ways To Invest In Coffee, Other Than Drinking It MarketBeat Week in Review – 04/14 – 04/18 Want to see what other hedge funds are holding PAGP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Plains GP Holdings, L.P. ( NYSE:PAGP – Free Report ).
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