HF Advisory Group LLC Has $1.95 Million Stock Holdings in Plains GP Holdings, L.P. (NYSE:PAGP)

HF Advisory Group LLC increased its holdings in shares of Plains GP Holdings, L.P. (NYSE:PAGP) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,367 shares of the pipeline company’s stock after acquiring an additional 2,906 shares during the period. HF Advisory Group LLC owned about 0.05% of Plains GP worth $1,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PAGP. SL Advisors LLC boosted its holdings in Plains GP by 3.3% during the third quarter. SL Advisors LLC now owns 21,282 shares of the pipeline company’s stock valued at $394,000 after purchasing an additional 679 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Plains GP by 0.9% in the 2nd quarter. NewEdge Advisors LLC now owns 74,783 shares of the pipeline company’s stock valued at $1,407,000 after buying an additional 681 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Plains GP by 1.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 38,898 shares of the pipeline company’s stock valued at $720,000 after buying an additional 717 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Plains GP by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,975 shares of the pipeline company’s stock valued at $319,000 after acquiring an additional 755 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in Plains GP by 22.0% during the second quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the pipeline company’s stock worth $87,000 after acquiring an additional 833 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

Wall Street Analyst Weigh In

PAGP has been the topic of several recent analyst reports. StockNews.com upgraded shares of Plains GP from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley lowered shares of Plains GP from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Friday, October 25th. Finally, Wolfe Research raised shares of Plains GP to a “hold” rating in a report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Plains GP Trading Up 0.3 %

Shares of NYSE PAGP opened at $17.90 on Wednesday. Plains GP Holdings, L.P. has a 1-year low of $14.93 and a 1-year high of $20.10. The company has a 50-day moving average of $18.53 and a two-hundred day moving average of $18.58. The company has a market cap of $3.53 billion, a PE ratio of 21.57 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.49.

Plains GP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be given a $0.3175 dividend. This represents a $1.27 annualized dividend and a yield of 7.09%. The ex-dividend date is Thursday, October 31st. Plains GP’s dividend payout ratio (DPR) is presently 153.01%.

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.