Homrich & Berg raised its position in shares of Plains Group Holdings, L.P. (NYSE:PAGP) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,014 shares of the pipeline company’s stock after buying an additional 354 shares during the period. Homrich & Berg’s holdings in Plains Group Holdings, L.P. were worth $890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PAGP. Penserra Capital Management LLC acquired a new position in Plains Group Holdings, L.P. during the second quarter worth $103,000. Chicago Partners Investment Group LLC increased its position in Plains Group Holdings, L.P. by 1.7% in the first quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the pipeline company’s stock worth $195,000 after buying an additional 103 shares in the last quarter. Paloma Partners Management Co acquired a new position in Plains Group Holdings, L.P. during the first quarter worth $211,000. Segment Wealth Management LLC increased its position in Plains Group Holdings, L.P. by 19.5% in the first quarter. Segment Wealth Management LLC now owns 7,357 shares of the pipeline company’s stock worth $230,000 after buying an additional 1,200 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in Plains Group Holdings, L.P. by 481.5% in the first quarter. Proficio Capital Partners LLC now owns 7,548 shares of the pipeline company’s stock worth $211,000 after buying an additional 6,250 shares in the last quarter. Institutional investors and hedge funds own 83.15% of the company’s stock.

Shares of Plains Group Holdings, L.P. (NYSE PAGP) traded down 0.52% during mid-day trading on Tuesday, hitting $21.06. 110,208 shares of the stock traded hands. The firm’s market capitalization is $3.23 billion. The company’s 50 day moving average is $24.37 and its 200 day moving average is $28.07. Plains Group Holdings, L.P. has a one year low of $19.60 and a one year high of $36.59.

Plains Group Holdings, L.P. (NYSE:PAGP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Plains Group Holdings, L.P. had a net margin of 0.34% and a return on equity of 0.69%. The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. On average, equities analysts expect that Plains Group Holdings, L.P. will post $1.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 10.39%. The ex-dividend date of this dividend was Thursday, July 27th. Plains Group Holdings, L.P.’s dividend payout ratio is presently 333.50%.

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Several research analysts recently commented on the stock. UBS AG upgraded shares of Plains Group Holdings, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. BidaskClub upgraded shares of Plains Group Holdings, L.P. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 target price (down previously from $30.00) on shares of Plains Group Holdings, L.P. in a report on Wednesday, August 9th. Raymond James Financial, Inc. upgraded shares of Plains Group Holdings, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Plains Group Holdings, L.P. in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.28.

In related news, Director Everardo Goyanes acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average cost of $21.25 per share, for a total transaction of $425,000.00. Following the completion of the transaction, the director now owns 42,305 shares in the company, valued at $898,981.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard K. Mcgee acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $21.08 per share, for a total transaction of $52,700.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 122,500 shares of company stock worth $2,724,700. Company insiders own 39.93% of the company’s stock.

About Plains Group Holdings, L.P.

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Through its three business segments, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas.

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Institutional Ownership by Quarter for Plains Group Holdings, L.P. (NYSE:PAGP)

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