Plains GP Holdings, L.P. (NYSE:PAGP) to Issue Dividend of $0.42

Plains GP Holdings, L.P. (NYSE:PAGP) announced a dividend on Monday, January 5th. Shareholders of record on Friday, January 30th will be given a dividend of 0.4175 per share by the pipeline company on Friday, February 13th. The ex-dividend date is Friday, January 30th.

Plains GP has decreased its dividend payment by an average of 0.0%annually over the last three years. Plains GP has a dividend payout ratio of 95.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Plains GP to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 81.3%.

Plains GP Stock Performance

Shares of Plains GP stock traded down $0.05 during mid-day trading on Wednesday, hitting $19.20. 1,491,492 shares of the stock were exchanged, compared to its average volume of 1,974,547. Plains GP has a 12 month low of $16.60 and a 12 month high of $22.31. The company has a 50-day simple moving average of $18.38 and a 200 day simple moving average of $18.63. The company has a market capitalization of $3.80 billion, a P/E ratio of 36.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Energy Income Partners LLC raised its position in shares of Plains GP by 1.0% during the 3rd quarter. Energy Income Partners LLC now owns 10,196,673 shares of the pipeline company’s stock valued at $185,987,000 after buying an additional 102,916 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Plains GP by 2.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,117,959 shares of the pipeline company’s stock valued at $196,592,000 after acquiring an additional 247,365 shares during the last quarter. Chickasaw Capital Management LLC raised its position in Plains GP by 5.9% during the third quarter. Chickasaw Capital Management LLC now owns 8,832,780 shares of the pipeline company’s stock valued at $161,110,000 after purchasing an additional 494,259 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Plains GP by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,220,898 shares of the pipeline company’s stock worth $111,518,000 after purchasing an additional 29,911 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Plains GP by 1.5% in the 3rd quarter. Invesco Ltd. now owns 4,386,299 shares of the pipeline company’s stock worth $80,006,000 after purchasing an additional 66,695 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

About Plains GP

Plains GP Holdings, L.P. (NYSE: PAGP) serves as the general partner of Plains All American Pipeline, L.P., one of North America’s leading energy infrastructure companies. Through its ownership of a 2% general partner interest and incentive distribution rights (IDRs), Plains GP Holdings participates in the governance and cash distribution structure of a diversified portfolio of crude oil and natural gas liquids gathering, transportation, storage, and terminaling assets.

The company’s primary business activities include overseeing the strategic direction and capital allocation decisions for its affiliated midstream operations.