Childress Capital Advisors LLC Has $195,000 Position in Plains GP Holdings, L.P. (NYSE:PAGP)

Childress Capital Advisors LLC lowered its position in Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 60.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,611 shares of the pipeline company's stock after selling 16,206 shares during the quarter. Childress Capital Advisors LLC's holdings in Plains GP were worth $195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its position in shares of Plains GP by 10.0% during the 3rd quarter. Continuum Advisory LLC now owns 6,990 shares of the pipeline company's stock valued at $127,000 after buying an additional 637 shares during the last quarter. SL Advisors LLC grew its position in shares of Plains GP by 3.3% during the 3rd quarter. SL Advisors LLC now owns 21,282 shares of the pipeline company's stock valued at $394,000 after buying an additional 679 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Plains GP by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 38,898 shares of the pipeline company's stock valued at $720,000 after buying an additional 717 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Plains GP by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 59,998 shares of the pipeline company's stock valued at $1,110,000 after buying an additional 729 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC grew its position in Plains GP by 1.7% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 59,110 shares of the pipeline company's stock worth $1,094,000 after purchasing an additional 970 shares during the last quarter. Institutional investors and hedge funds own 88.30% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on PAGP. Wells Fargo & Company cut shares of Plains GP from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Raymond James increased their price objective on shares of Plains GP from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. Barclays increased their price objective on shares of Plains GP from $18.00 to $19.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Morgan Stanley cut shares of Plains GP from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $22.00 to $19.00 in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Plains GP from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $20.60.

Plains GP Stock Down 1.8 %

PAGP stock traded down $0.39 during midday trading on Friday, reaching $20.73. The company had a trading volume of 3,071,562 shares, compared to its average volume of 2,081,784. Plains GP Holdings, L.P. has a 1 year low of $15.78 and a 1 year high of $22.31. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.09 billion, a P/E ratio of 24.39 and a beta of 1.58. The company has a 50 day moving average of $19.90 and a two-hundred day moving average of $19.09.

Plains GP (NYSE:PAGP - Get Free Report) last released its earnings results on Friday, November 8th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.21). Plains GP had a return on equity of 1.12% and a net margin of 0.33%. The company had revenue of $12.74 billion during the quarter, compared to analysts' expectations of $13.17 billion. During the same quarter in the previous year, the company earned $0.15 EPS. On average, equities research analysts expect that Plains GP Holdings, L.P. will post 0.83 earnings per share for the current fiscal year.

Plains GP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, January 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.33%. This is an increase from Plains GP's previous quarterly dividend of $0.32. Plains GP's dividend payout ratio (DPR) is currently 178.82%.

Plains GP Profile

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.