Kesler Norman & Wride LLC Has $814,000 Stock Holdings in Plains GP Holdings, L.P. (NYSE:PAGP)

Kesler Norman & Wride LLC raised its position in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 56.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,260 shares of the pipeline company's stock after buying an additional 15,973 shares during the quarter. Kesler Norman & Wride LLC's holdings in Plains GP were worth $814,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. State Street Corp lifted its position in shares of Plains GP by 17.1% in the 3rd quarter. State Street Corp now owns 640,918 shares of the pipeline company's stock worth $11,857,000 after purchasing an additional 93,643 shares during the period. Custom Index Systems LLC acquired a new position in Plains GP in the 4th quarter worth approximately $265,000. Chickasaw Capital Management LLC raised its holdings in shares of Plains GP by 24.7% during the fourth quarter. Chickasaw Capital Management LLC now owns 8,218,030 shares of the pipeline company's stock worth $151,047,000 after purchasing an additional 1,629,008 shares during the last quarter. Vestcor Inc boosted its stake in shares of Plains GP by 79.1% in the third quarter. Vestcor Inc now owns 78,442 shares of the pipeline company's stock worth $1,451,000 after buying an additional 34,633 shares during the last quarter. Finally, Plato Investment Management Ltd grew its stake in shares of Plains GP by 144.2% during the 4th quarter. Plato Investment Management Ltd now owns 35,812 shares of the pipeline company's stock worth $661,000 after purchasing an additional 21,146 shares during the period. Institutional investors own 88.30% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have commented on PAGP. Barclays increased their target price on Plains GP from $18.00 to $19.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Raymond James raised their target price on Plains GP from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Morgan Stanley raised their price objective on Plains GP from $19.00 to $23.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 25th. Wells Fargo & Company downgraded Plains GP from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $22.00 to $20.00 in a 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 price objective for the company in a research report on Friday, January 10th. Two investment 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.00.

Plains GP Stock Performance

Shares of NYSE:PAGP traded down $1.99 on Friday, hitting $18.66. The company's stock had a trading volume of 5,364,299 shares, compared to its average volume of 1,576,608. Plains GP Holdings, L.P. has a 12 month low of $17.17 and a 12 month high of $22.31. 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 company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 35.21 and a beta of 1.11. The stock's 50-day moving average is $21.19 and its two-hundred day moving average is $19.74.

Plains GP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date is Thursday, May 1st. Plains GP's payout ratio is 286.79%.

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.