Brokerages Set Plains GP Holdings, L.P. (NYSE:PAGP) PT at $20.17

Plains GP Holdings, L.P. (NYSE:PAGP) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.1667.

A number of brokerages recently weighed in on PAGP. Zacks Research raised shares of Plains GP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Morgan Stanley lifted their price target on shares of Plains GP from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Raymond James Financial dropped their target price on Plains GP from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a report on Friday, October 24th. Finally, Barclays decreased their target price on shares of Plains GP from $18.00 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, October 7th.

Plains GP Price Performance

NYSE:PAGP traded up $0.38 during mid-day trading on Friday, reaching $20.55. 1,879,506 shares of the company were exchanged, compared to its average volume of 1,923,073. The company has a fifty day moving average of $18.79 and a 200 day moving average of $18.68. Plains GP has a 12 month low of $16.60 and a 12 month high of $22.31. The stock has a market cap of $4.07 billion, a PE ratio of 38.77 and a beta of 0.56. 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 firm also recently declared a dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a $0.4175 dividend. The ex-dividend date is Friday, January 30th. Plains GP’s dividend payout ratio is 179.57%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. HF Advisory Group LLC increased its stake in shares of Plains GP by 37.9% during the fourth quarter. HF Advisory Group LLC now owns 266,276 shares of the pipeline company’s stock worth $5,097,000 after purchasing an additional 73,248 shares during the period. Ellsworth Advisors LLC grew its position in shares of Plains GP by 19.3% during the 4th quarter. Ellsworth Advisors LLC now owns 67,595 shares of the pipeline company’s stock worth $1,363,000 after purchasing an additional 10,948 shares in the last quarter. Adams Asset Advisors LLC boosted its stake in shares of Plains GP by 19.5% in the fourth quarter. Adams Asset Advisors LLC now owns 57,753 shares of the pipeline company’s stock valued at $1,105,000 after buying an additional 9,442 shares during the period. Alliance Wealth Advisors LLC increased its stake in Plains GP by 21.6% during the 4th quarter. Alliance Wealth Advisors LLC now owns 16,651 shares of the pipeline company’s stock worth $319,000 after acquiring an additional 2,960 shares during the period. Finally, Chesley Taft & Associates LLC lifted its position in shares of Plains GP by 9.8% during the 4th quarter. Chesley Taft & Associates LLC now owns 53,950 shares of the pipeline company’s stock valued at $1,033,000 after acquiring an additional 4,800 shares during the period. 88.30% of the stock is owned by institutional investors.

Plains GP Company Profile

Plains GP Holdings, L.P. (NYSE: PAGP) serves as the general partner of Plains All American Pipeline, L.P., one of North America’s leading energy infrastructure companies. Through its ownership of a 2% general partner interest and incentive distribution rights (IDRs), Plains GP Holdings participates in the governance and cash distribution structure of a diversified portfolio of crude oil and natural gas liquids gathering, transportation, storage, and terminaling assets.

The company’s primary business activities include overseeing the strategic direction and capital allocation decisions for its affiliated midstream operations.