Mark Sheptoff Financial Planning LLC Has $81,000 Stake in Plains GP Holdings, L.P. (NYSE:PAGP)

Mark Sheptoff Financial Planning LLC increased its holdings in shares of Plains GP Holdings, L.P. (NYSE:PAGP) by 1,000.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,400 shares of the pipeline company’s stock after purchasing an additional 4,000 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Plains GP were worth $81,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chickasaw Capital Management LLC boosted its holdings 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 buying an additional 1,629,008 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Plains GP by 10.0% in the fourth quarter. Vanguard Group Inc. now owns 3,167,192 shares of the pipeline company’s stock valued at $58,213,000 after acquiring an additional 288,430 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in Plains GP by 2.3% in the fourth quarter. Miller Howard Investments Inc. NY now owns 1,535,470 shares of the pipeline company’s stock valued at $28,222,000 after purchasing an additional 34,894 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Plains GP by 8.5% in the third quarter. BNP Paribas Financial Markets now owns 1,313,974 shares of the pipeline company’s stock valued at $24,309,000 after buying an additional 103,353 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in Plains GP by 11.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 835,254 shares of the pipeline company’s stock worth $15,352,000 after acquiring an additional 86,714 shares during the last quarter. 88.30% of the stock is currently owned by institutional investors and hedge funds.

Plains GP Stock Up 0.3 %

PAGP stock opened at $21.52 on Wednesday. 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 firm has a market cap of $4.26 billion, a PE ratio of 40.60 and a beta of 1.55. The firm’s 50 day moving average price is $21.27 and its 200-day moving average price is $19.61. Plains GP Holdings, L.P. has a one year low of $17.17 and a one year high of $22.31.

Plains GP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.38 dividend. This is a boost from Plains GP’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 7.06%. The ex-dividend date was Friday, January 31st. Plains GP’s dividend payout ratio (DPR) is currently 286.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays upped their target price on Plains GP from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Raymond James raised their price target on shares of Plains GP from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 28th. Wolfe Research upgraded Plains GP from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Friday, January 10th. Morgan Stanley upped their price objective on shares of Plains GP from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company lowered shares of Plains GP from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

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.