Plains GP Holdings, L.P. (NYSE:PAGP) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA grew its position in shares of Plains GP Holdings, L.P. (NYSE:PAGPGet Rating) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 570,604 shares of the pipeline company’s stock after purchasing an additional 64,158 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.29% of Plains GP worth $5,786,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. increased its position in shares of Plains GP by 5.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 163,926 shares of the pipeline company’s stock worth $4,085,000 after acquiring an additional 8,694 shares during the period. SG Americas Securities LLC purchased a new position in Plains GP in the third quarter valued at $584,000. Deutsche Bank AG increased its holdings in Plains GP by 228.7% in the third quarter. Deutsche Bank AG now owns 287,923 shares of the pipeline company’s stock valued at $3,102,000 after buying an additional 200,323 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in Plains GP by 12.8% in the third quarter. Advisor Group Holdings Inc. now owns 36,247 shares of the pipeline company’s stock valued at $390,000 after buying an additional 4,113 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in Plains GP by 6.8% in the third quarter. Truist Financial Corp now owns 72,086 shares of the pipeline company’s stock valued at $777,000 after buying an additional 4,561 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Several equities analysts recently commented on the company. Bank of America increased their target price on Plains GP from $10.50 to $11.00 and gave the company an “underperform” rating in a report on Tuesday, January 18th. Zacks Investment Research lowered Plains GP from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Sanford C. Bernstein raised Plains GP from a “market perform” rating to an “outperform” rating and set a $14.50 price objective on the stock in a report on Tuesday, January 25th. Barclays raised their price objective on Plains GP from $12.00 to $13.00 in a report on Thursday, January 20th. Finally, StockNews.com lowered Plains GP from a “buy” rating to a “hold” rating in a report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Plains GP currently has a consensus rating of “Hold” and an average price target of $13.50.

Shares of PAGP opened at $11.09 on Friday. Plains GP Holdings, L.P. has a fifty-two week low of $9.24 and a fifty-two week high of $12.95. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 158.43 and a beta of 1.76. The firm has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $11.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.98.

Plains GP (NYSE:PAGPGet Rating) last announced its earnings results on Wednesday, February 9th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.21. Plains GP had a net margin of 0.03% and a return on equity of 0.11%. The business had revenue of $12.95 billion during the quarter, compared to the consensus estimate of $10.01 billion. Equities research analysts forecast that Plains GP Holdings, L.P. will post 0.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were paid a dividend of $0.2175 per share. This is an increase from Plains GP’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, April 28th. This represents a $0.87 annualized dividend and a dividend yield of 7.84%. Plains GP’s dividend payout ratio is 1,242.86%.

Plains GP Profile (Get Rating)

Plains GP Holdings, L.P., together with its subsidiaries, owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks.

Read More

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

Receive News & Ratings for Plains GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains GP and related companies with MarketBeat.com's FREE daily email newsletter.