Terril Brothers Inc. Reduces Stock Holdings in Plains GP Holdings, L.P. (NYSE:PAGP)

Terril Brothers Inc. decreased its position in Plains GP Holdings, L.P. (NYSE:PAGP) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 387,309 shares of the pipeline company’s stock after selling 7,324 shares during the period. Plains GP comprises about 2.2% of Terril Brothers Inc.’s portfolio, making the stock its 15th biggest holding. Terril Brothers Inc.’s holdings in Plains GP were worth $6,178,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PAGP. Spire Wealth Management raised its holdings in Plains GP by 63.2% during the 3rd quarter. Spire Wealth Management now owns 2,538 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 983 shares during the period. Rational Advisors LLC bought a new stake in Plains GP during the 3rd quarter valued at $43,000. Allworth Financial LP bought a new stake in Plains GP during the 3rd quarter valued at $48,000. Allspring Global Investments Holdings LLC raised its holdings in Plains GP by 95.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,475 shares of the pipeline company’s stock valued at $56,000 after acquiring an additional 1,697 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Plains GP in the third quarter worth $63,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.

Plains GP Trading Down 0.8 %

NYSE PAGP traded down $0.16 during trading on Friday, hitting $18.76. 2,403,886 shares of the company’s stock traded hands, compared to its average volume of 2,227,247. The stock has a fifty day moving average of $18.01 and a two-hundred day moving average of $16.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.87. Plains GP Holdings, L.P. has a 12-month low of $12.59 and a 12-month high of $19.77. The firm has a market cap of $3.70 billion, a P/E ratio of 18.39 and a beta of 1.55.

Plains GP (NYSE:PAGP) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). Plains GP had a net margin of 0.41% and a return on equity of 1.33%. The business had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $12.88 billion. As a group, sell-side analysts expect that Plains GP Holdings, L.P. will post 1.05 EPS for the current year.

Plains GP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.3175 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.27 annualized dividend and a yield of 6.77%. Plains GP’s payout ratio is 124.51%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAGP. StockNews.com raised shares of Plains GP from a “hold” rating to a “buy” rating in a report on Monday, March 4th. Stifel Nicolaus upped their price target on shares of Plains GP from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Barclays upped their price target on shares of Plains GP from $16.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. UBS Group upped their price target on shares of Plains GP from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Citigroup increased their target price on Plains GP from $16.50 to $17.50 and gave the company a “neutral” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.55.

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.