36,789 Shares in Plains GP Holdings, L.P. (NYSE:PAGP) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 36,789 shares of the pipeline company's stock, valued at approximately $676,000.

A number of other institutional investors also recently bought and sold shares of the company. Chickasaw Capital Management LLC increased its position in shares of Plains GP by 24.7% in the fourth quarter. Chickasaw Capital Management LLC now owns 8,218,030 shares of the pipeline company's stock worth $151,047,000 after acquiring an additional 1,629,008 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Plains GP during the third quarter worth approximately $13,848,000. Yaupon Capital Management LP purchased a new position in Plains GP in the 3rd quarter worth about $9,772,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Plains GP in the 3rd quarter worth about $4,013,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Plains GP by 114.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 370,496 shares of the pipeline company's stock valued at $6,810,000 after purchasing an additional 198,000 shares during the last quarter. 88.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com lowered Plains GP from a "buy" rating to a "hold" rating in a research note on Monday. Raymond James increased their price target on shares of Plains GP from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research report on Tuesday, January 28th. Barclays raised their target price on shares of Plains GP from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Wells Fargo & Company cut Plains GP from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Wolfe Research raised 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.60.

Plains GP Trading Down 0.6 %

NYSE:PAGP traded down $0.12 during midday trading on Tuesday, reaching $20.93. 1,397,395 shares of the stock traded hands, compared to its average volume of 2,144,552. 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 stock has a market capitalization of $4.13 billion, a P/E ratio of 24.62 and a beta of 1.58. Plains GP Holdings, L.P. has a 12 month low of $16.22 and a 12 month high of $22.31. The company has a fifty day moving average of $19.93 and a 200 day moving average of $19.09.

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

Plains GP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Plains GP's previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.26%. Plains GP's dividend payout ratio (DPR) is 178.82%.

About Plains GP

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.