Plains GP Holdings, L.P. (NYSE:PAGP) Receives Consensus Rating of "Hold" from Analysts

Plains GP Holdings, L.P. (NYSE:PAGP - Get Free Report) has been given an average rating of "Hold" by the ten analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $20.11.

A number of analysts have commented on the company. StockNews.com raised Plains GP from a "hold" rating to a "buy" rating in a report on Monday, August 5th. Wolfe Research raised shares of Plains GP to a "hold" rating in a research report on Wednesday, September 18th.

Institutional Trading of Plains GP

Several hedge funds have recently made changes to their positions in PAGP. Mather Group LLC. bought a new position in shares of Plains GP in the first quarter worth $44,000. ORG Partners LLC purchased a new position in Plains GP during the 2nd quarter valued at about $44,000. CWM LLC grew its holdings in Plains GP by 61.0% during the 2nd quarter. CWM LLC now owns 3,028 shares of the pipeline company's stock valued at $57,000 after buying an additional 1,147 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Plains GP by 35.9% during the first quarter. Hexagon Capital Partners LLC now owns 3,791 shares of the pipeline company's stock valued at $69,000 after buying an additional 1,001 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Plains GP in the second quarter worth about $70,000. 88.30% of the stock is currently owned by institutional investors.

Plains GP Stock Down 0.4 %

Shares of PAGP traded down $0.07 during trading hours on Friday, reaching $18.41. The stock had a trading volume of 1,162,072 shares, compared to its average volume of 1,116,335. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 22.18 and a beta of 1.53. The firm has a 50-day simple moving average of $18.74 and a 200 day simple moving average of $18.67. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.49. Plains GP has a 12 month low of $14.93 and a 12 month high of $20.10.

Plains GP (NYSE:PAGP - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.11). Plains GP had a net margin of 0.33% and a return on equity of 1.09%. The business had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same period last year, the business posted $0.25 earnings per share. Equities research analysts predict that Plains GP will post 1.24 earnings per share for the current fiscal year.

Plains GP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be issued a $0.3175 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 6.90%. Plains GP's dividend payout ratio (DPR) is presently 153.01%.

Plains GP Company 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.