Farther Finance Advisors LLC Has $44,000 Position in Plains GP Holdings, L.P. (NYSE:PAGP)

Farther Finance Advisors LLC grew its holdings in shares of Plains GP Holdings, L.P. (NYSE:PAGP) by 8,120.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,384 shares of the pipeline company’s stock after acquiring an additional 2,355 shares during the period. Farther Finance Advisors LLC’s holdings in Plains GP were worth $44,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Plains GP by 61.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 520 shares during the period. Golden State Wealth Management LLC acquired a new stake in Plains GP during the 4th quarter worth about $33,000. Allworth Financial LP acquired a new stake in Plains GP during the 4th quarter worth about $44,000. Venturi Wealth Management LLC acquired a new stake in Plains GP during the 4th quarter worth about $103,000. Finally, Continuum Advisory LLC grew its holdings in Plains GP by 10.0% during the 3rd quarter. Continuum Advisory LLC now owns 6,990 shares of the pipeline company’s stock worth $127,000 after acquiring an additional 637 shares during the period. 88.30% of the stock is currently owned by institutional investors and hedge funds.

Plains GP Stock Performance

NYSE PAGP opened at $21.34 on Monday. Plains GP Holdings, L.P. has a 52-week low of $17.17 and a 52-week high of $22.31. 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 company has a market capitalization of $4.22 billion, a P/E ratio of 40.26 and a beta of 1.55. The company has a fifty day moving average of $21.23 and a 200-day moving average of $19.57.

Plains GP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.38 per share. This is an increase from Plains GP’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date was Friday, January 31st. Plains GP’s payout ratio is currently 286.79%.

Wall Street Analysts Forecast Growth

PAGP has been the topic of a number of research analyst reports. StockNews.com cut shares of Plains GP from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company cut shares of Plains GP from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Wednesday, December 18th. Raymond James lifted their target price on shares of Plains GP from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 28th. Wolfe Research upgraded shares of Plains GP from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, January 10th. 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 note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Plains GP has a consensus rating of “Hold” and an average target price of $20.60.

Plains GP Company Profile

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.