Economy

Plains GP Holdings, LP (PAGP)

Chickasaw Capital Management LLC now owns 7,474,728 shares of the pipeline company's stock valued at $195,539,000 after buying an additional 314,691 shares during the last quarter. The company has market cap of $169.04 million. Friedberg Management invested in 93,860 shares or 1.49% of the stock. About 7.46 million shares traded. UQM Technologies Inc (UQM) has declined 6.41% since September 18, 2016 and is downtrending. It has outperformed by 17.04% the S&P500. Plains GP Holdings, L.P. Moreover, Friedberg Investment Management has 1.49% invested in the company for 93,860 shares. The hedge fund run by David Zusman held 542,781 shares of the energy company at the end of 2016Q4, valued at $18.82M, down from 736,147 at the end of the previous reported quarter. Friedberg Investment Management who had been investing in Plains Gp Holdings for a number of months, seems to be less bullish one the $6.62B market cap company.

The stock has Return on Assets (ROA) of 0.3 percent. Short shares grew 1,480,841 over that timeframe. It has underperformed by 13.38% the S&P500.

There has been some buying insider activity on Plains Group Holdings, L.P. Cla (NYSE:PAGP) recently. Therefore 46% are positive.

AR purchased a new stake in Plains Group Holdings, L.P. (NYSE:PAGP) in the 2nd quarter, according to its most recent filing with the SEC. The stock of Plains GP Holdings LP (NYSE:PAGP) earned "Sector Perform" rating by Howard Weil on Monday, October 10. Stifel Nicolaus maintained it with "Buy" rating and $16 target in Thursday, November 5 report. On August 8 the company was downgraded from "Neutral" to "Neutral" in a statement from Baird.

On August 28 Bank of America kept the stock rating at "Neutral" but lowered the price target from $29.00 to $22.00. Talara Capital Mgmt Limited Liability Company has invested 1.97% of its portfolio in Plains GP Holdings LP (NYSE:PAGP).

The collective rating of 2.1 for Plains GP Holdings, L.P. (NYSE:PAGP) also leans strongly towards the neutral end of the spectrum. As per Wednesday, September 9, the company rating was upgraded by Global Hunter Securities.

Investors sentiment increased to 0.33 in Q4 2016. Its down 1.34, from 1.34 in 2016Q3. It fall, as 200 investors sold PAGP shares while 8 reduced holdings.

Other hedge funds and other institutional investors also recently made changes to their positions in the company.

Friedberg Investment Management decreased its stake in Plains Gp Holdings (PAGP) by 55.16% based on its latest 2016Q4 regulatory filing with the SEC.

Anson Funds Management Lp holds 0.08% of its portfolio in UQM Technologies Inc for 565,204 shares. Cap Inv Advisors Limited invested in 0.02% or 7,254 shares. Terril Brothers holds 720,095 shares. Citadel Advisors LLC augmented its holdings by buying 1,513,354 shares an increase of 2,266.3% in the quarter. Texas Yale Corp holds 65,853 shares or 0.22% of its portfolio. Tortoise Capital Advisors L.L.C. now owns 6,983,497 shares of the pipeline company's stock valued at $182,688,000 after buying an additional 803,338 shares during the last quarter. Businesswire.com's article titled: "Plains All American Pipeline, LP and Plains GP Holdings Announce Results of ..." and published on August 25, 2017 is yet another important article. Plains Group Holdings, L.P.

Many analysts have provided their estimated foresights on Plains GP Holdings, L.P. Earnings, with 12 analysts believing the company would generate an Average Estimate of $0.32. During the same period a year ago, the firm earned $0.29 earnings per share. PAGP's profit will be $106.31 million for 15.47 P/E if the $0.37 EPS becomes a reality. The other 13, though not evenly; between analysts who think you should buy Plains GP Holdings, L.P. versus those who think you should sell it. Out of 7 Wall Street analysts rating Plains GP, 3 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". Therefore 57% are positive. As per Friday, July 21, the company rating was maintained by Jefferies. Of the 22 analysts surveyed by Reuters that track PAGP 9 of them rate its stock a hold. Morgan Stanley downgraded the stock to "Equal-Weight" rating in Thursday, November 5 report. The firm earned "Outperform" rating on Monday, July 17 by Credit Suisse. The company now has an average rating of "Hold" and a consensus price target of $19.50. The company was upgraded on Tuesday, August 25 by CLSA. The firm has "Hold" rating given on Thursday, October 6 by Sandler O'Neill. The Weekly and Monthly Volatility stands at 1.73% and 2.45%.

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More notable recent JPMorgan Chase & Co. "(JPM) Stock" published on September 14, 2017, Reuters.com published: "JPMorgan's Dimon says bitcoin "is a fraud" on September 12, 2017. The ex-dividend date was set for Thursday the 27th of July 2017.

Analysts await JPMorgan Chase & Co. (NYSE PAGP) opened at 22.81 on Monday. Raymond James Financial, Inc. raised shares of Plains Group Holdings, L.P. from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research report on Monday, May 22nd. JPM's profit will be $5.95 billion for 13.77 P/E if the $1.69 EPS becomes a reality. The pipeline company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.04).

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