Plains GP (PAGP) Stock Price, News & Analysis

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 2 sell ratings, 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PAGP shares.
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9 brokers have issued 12 month target prices for Plains GP's shares. Their PAGP share price targets range from $16.00 to $23.00. On average, they predict the company's share price to reach $19.55 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
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Plains GP's stock was trading at $15.95 at the beginning of the year. Since then, PAGP stock has increased by 17.6% and is now trading at $18.76.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
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Plains GP will be holding an earnings conference call on Friday, May 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Plains GP Holdings, L.P. (NYSE:PAGP) issued its quarterly earnings data on Friday, February, 9th. The pipeline company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.06. The pipeline company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.88 billion. Plains GP had a net margin of 0.41% and a trailing twelve-month return on equity of 1.33%.

Plains GP announced a quarterly dividend on Thursday, April 4th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.3175 per share on Wednesday, May 15th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Tuesday, April 30th.
Read our dividend analysis for PAGP.

Plains GP (NYSE:PAGP) pays an annual dividend of $1.27 per share and currently has a dividend yield of 6.96%. PAGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 124.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PAGP will have a dividend payout ratio of 132.29% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PAGP.

ETFs with the largest weight of Plains GP (NYSE:PAGP) stock in their portfolio include Simplify Propel Opportunities ETF (SURI), USCF Midstream Energy Income Fund (UMI), First Trust North American Energy Infrastructure Fund (EMLP), Alerian Energy Infrastructure ETF (ENFR), FT Energy Income Partners Strategy ETF (EIPX), Pacer American Energy Independence ETF (USAI), VanEck Energy Income ETF (EINC) and Global X MLP & Energy Infrastructure ETF (MLPX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Plains GP investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), New Residential Investment (NRZ), AT&T (T), Ford Motor (F), Johnson & Johnson (JNJ), Pfizer (PFE), AbbVie (ABBV), Enbridge (ENB) and ONEOK (OKE).

Plains GP's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (3.24%), Miller Howard Investments Inc. NY (0.99%), Hennessy Advisors Inc. (0.78%), True North Advisors LLC (0.03%), Requisite Capital Management LLC (0.02%) and Wealth Enhancement Advisory Services LLC (0.02%). Insiders that own company stock include Ellen Desanctis and Willie Cw Chiang.
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Shares of PAGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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