Robeco Institutional Asset Management B.V. Has $1.29 Million Position in Plains GP Holdings, L.P. (NYSE:PAGP)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Plains GP Holdings, L.P. (NYSE:PAGP) by 2.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 69,880 shares of the pipeline company’s stock after selling 1,766 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Plains GP were worth $1,293,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PAGP. Allspring Global Investments Holdings LLC raised its position in Plains GP by 3,286.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 22,350 shares of the pipeline company’s stock worth $408,000 after purchasing an additional 21,690 shares in the last quarter. SG Americas Securities LLC raised its position in Plains GP by 128.6% in the first quarter. SG Americas Securities LLC now owns 50,001 shares of the pipeline company’s stock worth $913,000 after purchasing an additional 28,124 shares in the last quarter. PFG Advisors acquired a new position in Plains GP in the first quarter worth about $212,000. Headlands Technologies LLC acquired a new position in Plains GP in the first quarter worth about $284,000. Finally, Russell Investments Group Ltd. raised its position in Plains GP by 3.8% in the first quarter. Russell Investments Group Ltd. now owns 70,710 shares of the pipeline company’s stock worth $1,290,000 after purchasing an additional 2,582 shares in the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.

Plains GP Price Performance

PAGP opened at $18.27 on Friday. Plains GP Holdings, L.P. has a one year low of $14.93 and a one year high of $20.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.90. The company’s 50 day simple moving average is $18.50 and its 200-day simple moving average is $18.58. The stock has a market capitalization of $3.60 billion, a P/E ratio of 22.01 and a beta of 1.54.

Plains GP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.3175 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.27 annualized dividend and a dividend yield of 6.95%. Plains GP’s dividend payout ratio (DPR) is currently 153.01%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PAGP shares. StockNews.com raised shares of Plains GP from a “hold” rating to a “buy” rating in a research report on Friday. Wolfe Research raised shares of Plains GP to a “hold” rating in a research report on Wednesday, September 18th. Finally, Morgan Stanley cut shares of Plains GP from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.88.

Plains GP 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.