GSA Capital Partners LLP Sells 64,251 Shares of Plains GP Holdings, L.P. (NYSE:PAGP)

GSA Capital Partners LLP lowered its holdings in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 61.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,631 shares of the pipeline company's stock after selling 64,251 shares during the quarter. GSA Capital Partners LLP's holdings in Plains GP were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PAGP. Russell Investments Group Ltd. lifted its holdings in shares of Plains GP by 3.8% in the 1st quarter. Russell Investments Group Ltd. now owns 70,710 shares of the pipeline company's stock valued at $1,290,000 after acquiring an additional 2,582 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Plains GP by 6.7% in the 1st quarter. US Bancorp DE now owns 82,706 shares of the pipeline company's stock worth $1,509,000 after purchasing an additional 5,167 shares during the period. Bahl & Gaynor Inc. raised its holdings in Plains GP by 82.7% during the 1st quarter. Bahl & Gaynor Inc. now owns 921,467 shares of the pipeline company's stock valued at $16,817,000 after buying an additional 417,031 shares during the period. Advisors Asset Management Inc. raised its holdings in Plains GP by 27.7% during the 1st quarter. Advisors Asset Management Inc. now owns 22,651 shares of the pipeline company's stock valued at $413,000 after buying an additional 4,920 shares during the period. Finally, Westwood Holdings Group Inc. lifted its position in Plains GP by 13.7% in the first quarter. Westwood Holdings Group Inc. now owns 5,280,460 shares of the pipeline company's stock worth $96,368,000 after buying an additional 634,929 shares during the last quarter. 88.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Plains GP from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Wolfe Research raised shares of Plains GP to a "hold" rating in a research report on Wednesday, September 18th. Finally, Morgan Stanley lowered Plains GP from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $22.00 to $19.00 in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.88.

Plains GP Trading Up 1.5 %

Shares of Plains GP stock traded up $0.28 on Monday, hitting $18.51. 957,752 shares of the company traded hands, compared to its average volume of 1,747,508. The stock's 50 day moving average price is $18.43 and its 200-day moving average price is $18.57. The company has a market cap of $3.66 billion, a PE ratio of 21.78 and a beta of 1.54. Plains GP Holdings, L.P. has a 52 week low of $14.93 and a 52 week high of $20.10. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.49.

Plains GP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend was Thursday, October 31st. Plains GP's payout ratio is 149.41%.

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.