Fort Washington Investment Advisors Inc. OH Has $4.81 Million Stock Holdings in Plains GP Holdings, L.P. $PAGP

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Plains GP Holdings, L.P. (NYSE:PAGP) by 42.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 198,087 shares of the pipeline company’s stock after buying an additional 58,743 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Plains GP were worth $4,810,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. HF Advisory Group LLC raised its holdings in Plains GP by 1.1% in the 1st quarter. HF Advisory Group LLC now owns 228,046 shares of the pipeline company’s stock valued at $5,537,000 after acquiring an additional 2,495 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Plains GP by 27.1% during the first quarter. Kestra Private Wealth Services LLC now owns 34,984 shares of the pipeline company’s stock worth $849,000 after acquiring an additional 7,464 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in shares of Plains GP by 25.8% during the first quarter. Miller Howard Investments Inc. NY now owns 1,421,518 shares of the pipeline company’s stock worth $34,514,000 after acquiring an additional 291,397 shares during the period. SG Americas Securities LLC grew its position in shares of Plains GP by 191.8% in the first quarter. SG Americas Securities LLC now owns 67,426 shares of the pipeline company’s stock valued at $1,637,000 after purchasing an additional 44,322 shares during the last quarter. Finally, IVC Wealth Advisors LLC grew its position in shares of Plains GP by 4.7% in the first quarter. IVC Wealth Advisors LLC now owns 16,105 shares of the pipeline company’s stock valued at $391,000 after purchasing an additional 722 shares during the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. US Capital Advisors cut Plains GP from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, May 29th. Mizuho upped their price objective on Plains GP from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Truist Financial assumed coverage on Plains GP in a report on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price objective on the stock. Morgan Stanley increased their price objective on Plains GP from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. Finally, Barclays lifted their target price on Plains GP from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.00.

Plains GP Trading Up 1.4%

Shares of PAGP stock opened at $24.10 on Tuesday. The stock has a market cap of $4.77 billion, a P/E ratio of 45.47 and a beta of 0.46. Plains GP Holdings, L.P. has a 1 year low of $16.68 and a 1 year high of $26.15. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $24.10 and a 200 day simple moving average of $22.42.

Plains GP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Friday, May 1st. Plains GP’s dividend payout ratio is presently 172.16%.

Plains GP Profile

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.