Headlands Technologies LLC Has $304,000 Stake in Plains GP Holdings, L.P. (NYSE:PAGP)

Headlands Technologies LLC grew its position in Plains GP Holdings, L.P. (NYSE:PAGP) by 497.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,549 shares of the pipeline company’s stock after purchasing an additional 13,780 shares during the quarter. Headlands Technologies LLC’s holdings in Plains GP were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAGP. Jones Financial Companies Lllp increased its stake in Plains GP by 61.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,363 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 520 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Plains GP in the 4th quarter valued at $33,000. Allworth Financial LP acquired a new position in shares of Plains GP during the 4th quarter worth $44,000. Farther Finance Advisors LLC lifted its position in shares of Plains GP by 8,120.7% during the 4th quarter. Farther Finance Advisors LLC now owns 2,384 shares of the pipeline company’s stock worth $44,000 after buying an additional 2,355 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Plains GP by 1,000.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,400 shares of the pipeline company’s stock valued at $81,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PAGP shares. Morgan Stanley boosted their target price on Plains GP from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 25th. Wells Fargo & Company downgraded shares of Plains GP from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. StockNews.com cut shares of Plains GP from a “buy” rating to a “hold” rating in a research note on Wednesday. Wolfe Research upgraded Plains GP from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, January 10th. Finally, Barclays boosted their price objective on Plains GP from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.00.

Plains GP Stock Performance

NYSE PAGP opened at $18.66 on Friday. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 35.21 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. Plains GP Holdings, L.P. has a twelve month low of $17.17 and a twelve month high of $22.31. The stock has a fifty day simple moving average of $21.19 and a 200 day simple moving average of $19.74.

Plains GP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.15%. Plains GP’s dividend payout ratio (DPR) is 286.79%.

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.