Plains GP Holdings, L.P. (NYSE:PAGP) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in Plains GP Holdings, L.P. (NYSE:PAGP) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,428 shares of the pipeline company’s stock after buying an additional 2,677 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Plains GP were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tucker Asset Management LLC acquired a new position in shares of Plains GP in the 4th quarter valued at about $73,000. Creekmur Asset Management LLC purchased a new position in shares of Plains GP in the 4th quarter valued at about $153,000. Advisor Resource Council purchased a new position in shares of Plains GP in the 4th quarter valued at about $167,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Plains GP in the 3rd quarter valued at about $201,000. Finally, Waterloo Capital L.P. purchased a new position in shares of Plains GP in the 4th quarter valued at about $240,000. Institutional investors and hedge funds own 88.30% of the company’s stock.

Plains GP Trading Up 0.9 %

PAGP opened at $17.90 on Friday. Plains GP Holdings, L.P. has a one year low of $13.78 and a one year high of $19.77. The stock has a market capitalization of $3.53 billion, a PE ratio of 20.34 and a beta of 1.54. The business’s 50 day moving average price is $18.20 and its 200 day moving average price is $17.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.88 and a current ratio of 0.97.

Plains GP (NYSE:PAGP) last released its quarterly earnings data on Friday, May 3rd. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Plains GP had a net margin of 0.35% and a return on equity of 1.15%. The business had revenue of $12 billion during the quarter, compared to analyst estimates of $13.72 billion. As a group, equities research analysts expect that Plains GP Holdings, L.P. will post 1.01 EPS for the current year.

Plains GP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date was Tuesday, April 30th. Plains GP’s dividend payout ratio (DPR) is 144.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PAGP. Morgan Stanley lifted their price target on Plains GP from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. The Goldman Sachs Group boosted their price objective on Plains GP from $14.50 to $16.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. StockNews.com lowered Plains GP from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Scotiabank began coverage on Plains GP in a research note on Monday, April 8th. They set a “sector outperform” rating and a $23.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Plains GP from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Plains GP has a consensus rating of “Moderate Buy” and an average target price of $19.82.

About Plains GP

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.