Economy

The Plains Group Holdings, LP (PAGP) Downgraded by ValuEngine

The Plains Group Holdings, LP (PAGP) Downgraded by ValuEngine”

WARNING: "Plains GP Holdings LP (NYSE:PAGP) Lifted to "Strong-Buy" at UBS AG" was originally posted by StockNewsTimes and is owned by of StockNewsTimes. Oregon Public Employees Retirement Fund now owns 14,961 shares of the pipeline company's stock worth $468,000 after purchasing an additional 4,800 shares in the last quarter.

Shares of Plains Group Holdings, L.P.

A number of other large investors have also modified their holdings of PAGP. Texas Yale Capital Corp sold 109,524 shares as Plains Gp Hldgs LP (PAGP)'s stock declined 11.59%. The Banking and insurance division provides financial services for individual customers, including retail, private and personal banking, business customers, such as commercial and corporate banking, cash management and markets solutions, as well as offers insurance products. Chicago Partners Investment Group LLC grew its holdings in shares of Plains GP Holdings by 1.7% during the first quarter. MA now owns 2,907,764 shares of the pipeline company's stock valued at $90,897,000 after acquiring an additional 1,311,319 shares during the period.

While looking at the Stock's Performance, Plains GP Holdings, L.P. now shows a Weekly Performance of 7.13%, where Monthly Performance is -13.67%, Quarterly performance is -14.7%, 6 Months performance is -31.27% and yearly performance percentage is -24.7%. HITE Hedge Asset Management LLC now owns 1,142,511 shares of the pipeline company's stock valued at $35,715,000 after acquiring an additional 1,079,413 shares in the last quarter. 47,808 are owned by Dreman Value L L C. Moreover, Friedberg Invest Management has 1.49% invested in Plains GP Holdings LP (NYSE:PAGP). Nuveen Asset Management LLC now owns 2,014,680 shares of the pipeline company's stock valued at $62,979,000 after acquiring an additional 1,049,315 shares during the period. The shares were acquired at an average cost of $23.41 per share, for a total transaction of $1,170,500.00. Following the completion of the purchase, the director now directly owns 42,305 shares of the company's stock, valued at $898,981.25. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. OppenheimerFunds Inc. acquired a new stake in Plains Group Holdings, L.P. during the 1st quarter valued at $180,285,000. The stock was acquired at an average price of $21.08 per share, with a total value of $52,700.00. The disclosure for this purchase can be found here.

Multiple company employees have indulged in significant insider trading.

PAGP has been the topic of several analyst reports. About shares traded. Plains GP Holdings LP (NYSE:PAGP) has risen 3.32% since September 2, 2016 and is uptrending. Raymond James Financial, Inc. set a $24.00 price objective on Plains Group Holdings, L.P. and gave the company a buy rating in a research report on Wednesday, August 9th. Howard Weil initiated the stock with "Sector Perform" rating in Monday, August 24 report. Mizuho raised Plains Group Holdings, L.P. from a neutral rating to a buy rating and set a $30.00 price objective for the company in a research report on Monday, July 10th. Stifel Nicolaus maintained the stock with "Hold" rating in Tuesday, August 8 report. If you are viewing this article on another domain, it was copied illegally and republished in violation of global trademark & copyright legislation.

Plains GP Holdings, L.P. (NYSE:PAGP) may have great momentum, but how has it been performing relative to the market? (PAGP) traded up 0.58% during midday trading on Tuesday, hitting $22.68. The overall volume in the last trading session was 2.02 million shares. The stock of Plains GP Holdings LP (NYSE:PAGP) has "Equal-Weight" rating given on Thursday, November 5 by Morgan Stanley. Finally, Wells Fargo & Company MN increased its holdings in Plains Group Holdings, L.P.by 11.9% in the 1st quarter. The company has market cap of $23.13 million. Plains GP Holdings had a return on equity of 3.72% and a net margin of 2.86%. TheStreet downgraded shares of Plains GP Holdings from a c rating to a d+ rating in a research note on Monday, August 7th. The company reported the earnings of $0.16/Share in the last quarter where the estimated EPS by analysts was $0.25/share.

In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Plains GP Holdings, L.P.as 4.94 Billion. During the same quarter a year ago, the business posted $0.29 earnings per share. Plains GP Holdings's revenue was up 22.8% on a year-over-year basis.

Chairman of the Board & CEO, Armstrong Greg L, purchased 50,000 common shares of Plains GP Holdings, L.P. (PAGP) in the open market.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were issued a $0.55 dividend. The ex-dividend date was Thursday, July 27th. Fifth Third Bank & Trust invested 0% of its portfolio in Plains GP Holdings LP (NYSE:PAGP). The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. Through its three business divisions, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas.



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