Commonwealth Equity Services LLC Reduces Position in Plains GP Holdings, L.P. (NYSE:PAGP)

Commonwealth Equity Services LLC decreased its position in Plains GP Holdings, L.P. ( NYSE:PAGP – Free Report ) by 53.

5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,630 shares of the pipeline company’s stock after selling 42,072 shares during the period. Commonwealth Equity Services LLC’s holdings in Plains GP were worth $673,000 as of its most recent SEC filing.



Several other large investors have also modified their holdings of PAGP. Chickasaw Capital Management LLC increased its stake in Plains GP by 24.7% during the fourth quarter.

Chickasaw Capital Management LLC now owns 8,218,030 shares of the pipeline company’s stock worth $151,047,000 after purchasing an additional 1,629,008 shares during the period. Yaupon Capital Management LP acquired a new position in shares of Plains GP during the third quarter worth about $9,772,000. Raymond James Financial Inc.

purchased a new stake in shares of Plains GP during the 4th quarter worth $5,214,000. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Plains GP by 114.

8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 370,496 shares of the pipeline company’s stock worth $6,810,000 after purchasing an additional 198,000 shares in the last quarter.

Finally, Stephens Inc. AR increased its holdings in Plains GP by 1,862.0% in the fourth quarter.

Stephens Inc. AR now owns 207,678 shares of the pipeline company’s stock valued at $3,817,000 after buying an additional 197,093 shares during the last quarter. Institutional investors and hedge funds own 88.

30% of the company’s stock. Analyst Ratings Changes A number of brokerages have issued reports on PAGP. Wells Fargo & Company downgraded Plains GP from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $22.

00 to $20.00 in a report on Wednesday, December 18th. StockNews.

com downgraded Plains GP from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James raised their price target on Plains GP from $23.00 to $24.

00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley increased their price target on shares of Plains GP from $19.00 to $23.

00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 25th. Finally, Barclays lifted their price objective on shares of Plains GP from $18.00 to $19.

00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.

com, the stock presently has a consensus rating of “Hold” and an average price target of $21.00. Plains GP Stock Performance Shares of PAGP stock opened at $20.

65 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.

92 and a current ratio of 1.01. The stock has a market cap of $4.

08 billion, a PE ratio of 38.96 and a beta of 1.55.

The stock has a fifty day moving average price of $21.26 and a 200 day moving average price of $19.74.

Plains GP Holdings, L.P. has a 1 year low of $17.

17 and a 1 year high of $22.31. Plains GP Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th.

Stockholders of record on Friday, January 31st were paid a dividend of $0.38 per share. This represents a $1.

52 dividend on an annualized basis and a dividend yield of 7.36%. This is a boost from Plains GP’s previous quarterly dividend of $0.

32. The ex-dividend date was Friday, January 31st. Plains GP’s dividend payout ratio (DPR) is 286.

79%. Plains GP Company Profile ( Free Report ) Plains GP Holdings, L.P.

, through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada.

It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks. Read More Five stocks we like better than Plains GP Compound Interest and Why It Matters When Investing Shares of RH Down Nearly 40%: Where Investors Can Turn To Now Health Care Stocks Explained: Why You Might Want to Invest Tariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian Why Are These Companies Considered Blue Chips? Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy? Want to see what other hedge funds are holding PAGP? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Plains GP Holdings, L.P. ( NYSE:PAGP – Free Report ).

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