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

Plains GP Holdings, L.P. (NYSE:PAGP) has received a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.60.

A number of research firms have commented on PAGP. Raymond James upped their target price on shares of Plains GP from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 28th. Wolfe Research raised 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 report on Friday, January 10th. Barclays upped their target price on shares of Plains GP from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. StockNews.com cut shares of Plains GP from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut shares of Plains GP from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $22.00 to $20.00 in a research report on Wednesday, December 18th.

Plains GP Trading Up 0.0 %

Shares of PAGP opened at $21.32 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. Plains GP has a 12-month low of $16.91 and a 12-month high of $22.31. The firm has a 50-day moving average price of $20.43 and a 200 day moving average price of $19.30. The firm has a market capitalization of $4.21 billion, a P/E ratio of 40.23 and a beta of 1.58.

Plains GP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.38 dividend. This is a boost from Plains GP’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.52 annualized dividend and a yield of 7.13%. Plains GP’s dividend payout ratio (DPR) is 286.79%.

Institutional Trading of Plains GP

Several hedge funds have recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in Plains GP in the fourth quarter valued at approximately $166,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Plains GP by 0.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 424,072 shares of the pipeline company’s stock valued at $7,794,000 after acquiring an additional 1,997 shares in the last quarter. Vident Advisory LLC acquired a new stake in Plains GP in the fourth quarter valued at approximately $1,751,000. Two Sigma Advisers LP raised its holdings in Plains GP by 0.5% in the fourth quarter. Two Sigma Advisers LP now owns 4,004,900 shares of the pipeline company’s stock valued at $73,610,000 after acquiring an additional 19,900 shares in the last quarter. Finally, Snowden Capital Advisors LLC acquired a new stake in Plains GP in the fourth quarter valued at approximately $300,000. Institutional investors and hedge funds own 88.30% of the company’s stock.

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.