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

Plains GP Holdings, L.P. (NYSE:PAGP - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.00.

A number of equities research analysts recently issued reports on PAGP shares. Barclays decreased their price target on Plains GP from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company cut shares of Plains GP from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. StockNews.com lowered shares of Plains GP from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Wolfe Research upgraded shares of Plains GP from a "peer perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a research note on Friday, January 10th. Finally, Raymond James lifted their target price on Plains GP from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research report on Tuesday, January 28th.

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Plains GP Price Performance

Shares of NYSE:PAGP traded up $0.33 on Friday, reaching $18.65. The company's stock had a trading volume of 775,731 shares, compared to its average volume of 1,595,184. The company has a 50-day simple moving average of $20.60 and a 200 day simple moving average of $19.68. Plains GP has a 52-week low of $16.61 and a 52-week 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 cap of $3.69 billion, a P/E ratio of 35.19 and a beta of 1.11.

Plains GP Dividend Announcement

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

Institutional Investors Weigh In On Plains GP

A number of institutional investors have recently added to or reduced their stakes in PAGP. Jones Financial Companies Lllp lifted its position in shares of Plains GP by 61.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company's stock valued at $25,000 after buying an additional 520 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Plains GP during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC lifted its position in Plains GP by 8,120.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company's stock valued at $44,000 after acquiring an additional 2,355 shares during the last quarter. Allworth Financial LP acquired a new stake in Plains GP in the fourth quarter valued at approximately $44,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in Plains GP by 1,000.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,400 shares of the pipeline company's stock worth $81,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 88.30% of the company's stock.

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.