Gideon Capital Advisors Inc. bought a new stake in shares of Plains GP Holdings LP (NYSE:PAGP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,210 shares of the pipeline company’s stock, valued at approximately $603,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its stake in Plains GP by 12.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 19,567 shares of the pipeline company’s stock valued at $426,000 after acquiring an additional 2,107 shares during the period. Catalyst Capital Advisors LLC lifted its stake in Plains GP by 0.9% during the 1st quarter. Catalyst Capital Advisors LLC now owns 324,183 shares of the pipeline company’s stock valued at $7,051,000 after acquiring an additional 2,793 shares during the period. Talara Capital Management LLC lifted its stake in Plains GP by 0.4% during the 1st quarter. Talara Capital Management LLC now owns 824,554 shares of the pipeline company’s stock valued at $17,934,000 after acquiring an additional 3,000 shares during the period. Poplar Forest Capital LLC lifted its stake in Plains GP by 12.0% during the 1st quarter. Poplar Forest Capital LLC now owns 29,825 shares of the pipeline company’s stock valued at $649,000 after acquiring an additional 3,200 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in Plains GP by 9.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,578 shares of the pipeline company’s stock valued at $862,000 after acquiring an additional 3,510 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Several research firms have recently commented on PAGP. TheStreet raised shares of Plains GP from a “d+” rating to a “c-” rating in a research report on Monday, May 7th. US Capital Advisors lowered shares of Plains GP from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised shares of Plains GP from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 12th. Stifel Nicolaus lowered shares of Plains GP from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Wednesday, May 9th. Finally, ValuEngine raised shares of Plains GP from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.20.

NYSE PAGP opened at $26.42 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 40.65 and a beta of 1.23. Plains GP Holdings LP has a 52 week low of $18.98 and a 52 week high of $27.00. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.73.

Plains GP (NYSE:PAGP) last released its earnings results on Tuesday, August 7th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.17). The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.71 billion. Plains GP had a positive return on equity of 0.57% and a negative net margin of 2.51%. sell-side analysts forecast that Plains GP Holdings LP will post 1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Tuesday, July 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Monday, July 30th. Plains GP’s dividend payout ratio is 184.62%.

Plains GP Profile

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, trucks, and barges.

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Institutional Ownership by Quarter for Plains GP (NYSE:PAGP)

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