Plains GP Holdings LP (PAGP) Plans Quarterly Dividend of $0.18
Plains GP Holdings (NASDAQ:PAGP) declared a quarterly dividend on Tuesday, July 8th, American Banking News.com reports. Stockholders of record on Friday, August 1st will be given a dividend of 0.1834 per share on Thursday, August 14th. This represents a $0.73 dividend on an annualized basis and a yield of 2.41%.
A number of analysts have recently weighed in on PAGP shares. Analysts at Ladenburg Thalmann initiated coverage on shares of Plains GP Holdings in a research note on Tuesday, July 1st. They set a “buy” rating and a $36.00 price target on the stock. On a related note, analysts at Wunderlich raised their price target on shares of Plains GP Holdings from $29.00 to $32.00 in a research note on Monday, June 9th. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Plains GP Holdings in a research note on Tuesday, June 3rd. They set a “neutral” rating and a $30.00 price target on the stock. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.93.
Shares of Plains GP Holdings (NASDAQ:PAGP) traded down 0.79% on Tuesday, hitting $30.25. The stock had a trading volume of 244,851 shares. Plains GP Holdings has a one year low of $21.50 and a one year high of $32.58. The stock’s 50-day moving average is $29.13 and its 200-day moving average is $27.73. The company has a market cap of $4.109 billion and a P/E ratio of 165.71.
Plains GP Holdings (NASDAQ:PAGP) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. On average, analysts predict that Plains GP Holdings will post $0.50 earnings per share for the current fiscal year.
Plains GP Holdings, L.P has direct and indirect partnership interests in Plains All American Pipeline, L.
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