Plains GP Holdings, L.P. (NYSE:PAGP) Stock Holdings Lifted by XTX Topco Ltd

XTX Topco Ltd lifted its position in Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 137.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,058 shares of the pipeline company's stock after purchasing an additional 19,688 shares during the quarter. XTX Topco Ltd's holdings in Plains GP were worth $626,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Plains GP by 7.9% during the 4th quarter. Barclays PLC now owns 890,577 shares of the pipeline company's stock worth $16,370,000 after purchasing an additional 65,080 shares in the last quarter. Advisors Capital Management LLC grew its stake in Plains GP by 2.3% in the 4th quarter. Advisors Capital Management LLC now owns 2,403,410 shares of the pipeline company's stock valued at $44,175,000 after acquiring an additional 53,273 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Plains GP in the 4th quarter valued at about $5,214,000. ELCO Management Co. LLC grew its stake in Plains GP by 2.4% in the 4th quarter. ELCO Management Co. LLC now owns 33,954 shares of the pipeline company's stock valued at $624,000 after acquiring an additional 802 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in Plains GP by 9.4% in the 4th quarter. Advisory Services Network LLC now owns 53,454 shares of the pipeline company's stock valued at $982,000 after acquiring an additional 4,576 shares during the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PAGP shares. Wolfe Research raised shares of Plains GP from a "peer perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research note on Friday, January 10th. StockNews.com lowered shares of Plains GP from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Raymond James raised their price target on shares of Plains GP from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. Morgan Stanley raised their price target on shares of Plains GP from $19.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, March 25th. Finally, Barclays cut their price objective on shares of Plains GP from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.83.

Plains GP Price Performance

Shares of NYSE:PAGP traded up $0.45 during trading on Thursday, reaching $19.29. The company had a trading volume of 462,294 shares, compared to its average volume of 1,568,589. The firm's fifty day moving average is $20.30 and its 200 day moving average is $19.67. The firm has a market capitalization of $3.81 billion, a PE ratio of 36.39 and a beta of 1.11. Plains GP Holdings, L.P. has a twelve month low of $16.61 and a twelve 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.

Plains GP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend is Thursday, May 1st. Plains GP's payout ratio is 286.79%.

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.