Plains GP Holdings, L.P. (NYSE:PAGP) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of Plains GP Holdings, L.P. (NYSE:PAGP - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 709,260 shares of the pipeline company's stock after buying an additional 22,003 shares during the quarter. Stifel Financial Corp owned approximately 0.36% of Plains GP worth $13,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAGP. Jones Financial Companies Lllp boosted its holdings in shares of Plains GP by 61.7% in the 4th 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 period. Golden State Wealth Management LLC acquired a new position in Plains GP in the fourth quarter valued at approximately $33,000. Allworth Financial LP bought a new position in shares of Plains GP during the fourth quarter valued at approximately $44,000. Farther Finance Advisors LLC raised its position in shares of Plains GP by 8,120.7% during the 4th quarter. Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company's stock worth $44,000 after purchasing an additional 2,355 shares during the period. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Plains GP by 1,000.0% in the 4th 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.

Plains GP Price Performance

NYSE PAGP traded down $0.02 on Wednesday, reaching $18.84. 1,872,402 shares of the stock traded hands, compared to its average volume of 1,575,000. Plains GP Holdings, L.P. has a 12 month low of $16.61 and a 12 month high of $22.31. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 35.55 and a beta of 1.11. The firm's fifty day simple moving average is $20.34 and its 200 day simple moving average is $19.68. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49.

Plains GP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date is Thursday, May 1st. Plains GP's payout ratio is currently 286.79%.

Analyst Ratings Changes

A number of analysts recently weighed in on PAGP shares. StockNews.com cut 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 price target on the stock in a research note on Friday, January 10th. Morgan Stanley increased 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. 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 note on Tuesday, January 28th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.83.

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.