Teacher Retirement System of Texas raised its stake in shares of Plains Group Holdings, L.P. (NYSE:PAGP) by 179.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,135 shares of the pipeline company’s stock after purchasing an additional 23,213 shares during the period. Teacher Retirement System of Texas’ holdings in Plains Group Holdings, L.P. were worth $790,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State of Wisconsin Investment Board grew its holdings in Plains Group Holdings, L.P. by 9.9% during the second quarter. State of Wisconsin Investment Board now owns 316,550 shares of the pipeline company’s stock valued at $8,281,000 after purchasing an additional 28,420 shares during the last quarter. Atlantic Trust Group LLC grew its holdings in Plains Group Holdings, L.P. by 14.9% during the second quarter. Atlantic Trust Group LLC now owns 2,223,939 shares of the pipeline company’s stock valued at $58,179,000 after purchasing an additional 287,807 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Plains Group Holdings, L.P. by 14.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 502,103 shares of the pipeline company’s stock valued at $13,135,000 after acquiring an additional 65,126 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Plains Group Holdings, L.P. in the second quarter valued at approximately $103,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Plains Group Holdings, L.P. in the third quarter valued at approximately $238,000. Institutional investors own 76.76% of the company’s stock.

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Plains Group Holdings, L.P. (NYSE PAGP) opened at $20.61 on Thursday. The stock has a market capitalization of $3,171.19, a price-to-earnings ratio of 45.51 and a beta of 1.48. Plains Group Holdings, L.P. has a twelve month low of $18.98 and a twelve month high of $36.09. 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 issued its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.20). The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.71 billion. Plains Group Holdings, L.P. had a net margin of 0.25% and a return on equity of 0.50%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. equities research analysts anticipate that Plains Group Holdings, L.P. will post 0.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.82%. Plains Group Holdings, L.P.’s payout ratio is presently 266.67%.

Several equities research analysts have recently weighed in on PAGP shares. Bank of America Corporation set a $22.00 price objective on Plains Group Holdings, L.P. and gave the company a “hold” rating in a research report on Monday, August 28th. ValuEngine cut Plains Group Holdings, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Raymond James Financial, Inc. raised Plains Group Holdings, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, August 28th. BMO Capital Markets raised Plains Group Holdings, L.P. from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $22.00 to $25.00 in a research report on Monday, August 28th. Finally, Seaport Global Securities started coverage on Plains Group Holdings, L.P. in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $23.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.00.

Plains Group Holdings, L.P. Company Profile

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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