Economy

Most Active Stock: Plains GP Holdings, LP (PAGP)

About shares traded. Plains GP Holdings LP (NYSE:PAGP) has risen 3.32% since November 7, 2016 and is uptrending. They now have a $27.00 target price on the pipeline company's stock.

A number of other brokerages have also issued reports on PAGP. BidaskClub raised shares of Plains Group Holdings, L.P. from a hold rating to a buy rating in a report on Monday, July 31st. Stifel Nicolaus lifted their price objective on shares of Plains GP Holdings from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, November 17th.

Many analysts have provided their estimated foresights on Plains GP Holdings, L.P. Earnings, with 11 analysts believing the company would generate an Average Estimate of $0.28. Over the past twelve months, Plains GP Holdings, L.P. (NYSE:PAGP)'s stock was -36.48%. Finally, ValuEngine upgraded shares of Plains Group Holdings, L.P. from a sell rating to a hold rating in a research note on Thursday, October 5th. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The company now has an average rating of Hold and an average price target of $27.12. Jefferies Group LLC reissued a hold rating on shares of Plains Group Holdings, L.P.in a research note on Friday, June 23rd. (NYSE:PAGP) traded up $1.12 during midday trading on Tuesday, hitting $22.03.

When thinking about buying shares in a public company, it is useful to gauge the average enthusiasm level of Wall Street analysts for that specific stock. The company beat the analyst EPS Estimate with the difference of $-0.21. During the past 20 days, PAGP has increased 0.96% while the broad market has increased 1.59%. The Singapore-based Temasek Holdings (Private) Ltd has invested 0.02% in the stock. The pipeline company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by ($0.20). Sales reached $6.08 billion during the three-month period, compared to the average analyst estimate of $5.1 billion. During the same period previous year, the firm earned $0.39 earnings per share. Plains GP Holdings, L.P. (PAGP) has 0.15 billion shares outstanding now, 82.21% of which belong to institutional investors.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. This represents a $1.20 annualized dividend and a yield of 5.74%. The ex-dividend date is Monday, October 30th.

Plains GP Holdings, L.P. (PAGP) has demonstrated a 20-day simple moving average (SMA) of 6.20%, and a 50-day SMA of 1.41%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 31.64% compared to the most bullish target. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Following the completion of the transaction, the chairman now directly owns 700,625 shares of the company's stock, valued at approximately $15,084,456.25. The stock was purchased at an average price of $21.25 per share, with a total value of $425,000.00. Atlantic Trust Group LLC now owns 2,223,939 shares of the pipeline company's stock worth $58,179,000 after acquiring an additional 287,807 shares in the last quarter. The disclosure for this purchase can be found here. Insiders acquired 72,500 shares of company stock valued at $1,554,200 in the last quarter.

Several other hedge funds also recently made changes to their positions in PAGP.

Meanwhile, during the same quarter Plains GP Holdings, L.P. (PAGP) delivered a 36.48% earnings surprise. Toronto Dominion Bank increased its position in Plains Group Holdings, L.P.by 260.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 502,103 shares of the pipeline company's stock worth $13,135,000 after acquiring an additional 65,126 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Plains GP Holdings during the second quarter valued at $116,000. Finally, Shell Asset Management Co. increased its position in Plains Group Holdings, L.P.by 110.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,132,617 shares of the pipeline company's stock valued at $134,270,000 after purchasing an additional 701,120 shares during the last quarter.



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