Candriam Luxembourg S.C.A. bought a new stake in Plains Group Holdings, L.P. (NYSE:PAGP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,720 shares of the pipeline company’s stock, valued at approximately $278,000.

Other large investors also recently modified their holdings of the company. State of Wisconsin Investment Board grew its holdings in shares of Plains Group Holdings, L.P. by 9.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 316,550 shares of the pipeline company’s stock worth $8,281,000 after purchasing an additional 28,420 shares during the period. Atlantic Trust Group LLC lifted its stake in Plains Group Holdings, L.P. by 14.9% during the 2nd quarter. Atlantic Trust Group LLC now owns 2,223,939 shares of the pipeline company’s stock worth $58,179,000 after acquiring an additional 287,807 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Plains Group Holdings, L.P. by 14.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 502,103 shares of the pipeline company’s stock worth $13,135,000 after acquiring an additional 65,126 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Plains Group Holdings, L.P. during the 2nd quarter worth about $103,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Plains Group Holdings, L.P. during the 3rd quarter worth about $238,000. Institutional investors own 76.76% of the company’s stock.

Plains Group Holdings, L.P. (NYSE:PAGP) opened at $20.48 on Wednesday. Plains Group Holdings, L.P. has a 12 month low of $18.98 and a 12 month high of $36.09. The stock has a market capitalization of $3,234.67, a P/E ratio of 46.42 and a beta of 1.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.78 and a current ratio of 1.00.

Plains Group Holdings, L.P. (NYSE:PAGP) last announced its earnings results on Monday, November 6th. The pipeline company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.20). Plains Group Holdings, L.P. had a net margin of 0.25% and a return on equity of 0.50%. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. analysts expect that Plains Group Holdings, L.P. will post 0.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.86%. Plains Group Holdings, L.P.’s dividend payout ratio (DPR) is currently 266.67%.

Several equities analysts recently issued reports on the company. BidaskClub raised Plains Group Holdings, L.P. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. BMO Capital Markets set a $25.00 target price on Plains Group Holdings, L.P. and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $26.00 price target (down previously from $30.00) on shares of Plains Group Holdings, L.P. in a research report on Wednesday, August 9th. Robert W. Baird lowered Plains Group Holdings, L.P. from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $23.00 in a research report on Tuesday, August 8th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $28.00 price target (down previously from $33.50) on shares of Plains Group Holdings, L.P. in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Plains Group Holdings, L.P. currently has a consensus rating of “Hold” and a consensus target price of $27.00.

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About Plains Group Holdings, L.P.

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Through its three business segments, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas.

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Institutional Ownership by Quarter for Plains Group Holdings, L.P. (NYSE:PAGP)

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