Pacer Advisors Inc. held its stake in shares of Plains Group Holdings, L.P. (NYSE:PAGP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,867 shares of the pipeline company’s stock at the end of the second quarter. Pacer Advisors Inc.’s holdings in Plains Group Holdings, L.P. were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Plains Group Holdings, L.P. by 6.8% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 274,134 shares of the pipeline company’s stock worth $7,171,000 after purchasing an additional 17,530 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Plains Group Holdings, L.P. by 74.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 51,791 shares of the pipeline company’s stock worth $1,355,000 after purchasing an additional 22,129 shares during the last quarter. Airain ltd grew its stake in shares of Plains Group Holdings, L.P. by 597.4% in the 2nd quarter. Airain ltd now owns 106,383 shares of the pipeline company’s stock worth $2,783,000 after purchasing an additional 91,128 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Plains Group Holdings, L.P. in the 2nd quarter worth approximately $103,000. Finally, Cutter & CO Brokerage Inc. grew its stake in shares of Plains Group Holdings, L.P. by 71.9% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 40,351 shares of the pipeline company’s stock worth $1,056,000 after purchasing an additional 16,883 shares during the last quarter. 83.17% of the stock is currently owned by institutional investors.

In other Plains Group Holdings, L.P. news, 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 acquired at an average cost of $21.08 per share, for a total transaction of $52,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Everardo Goyanes acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average price of $21.25 per share, with a total value of $425,000.00. Following the completion of the transaction, the director now directly owns 42,305 shares in the company, valued at approximately $898,981.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 122,500 shares of company stock valued at $2,724,700. 39.93% of the stock is currently owned by company insiders.

Shares of Plains Group Holdings, L.P. (NYSE PAGP) opened at 23.02 on Wednesday. The firm’s market capitalization is $3.53 billion. The company’s 50 day moving average is $23.09 and its 200 day moving average is $27.29. Plains Group Holdings, L.P. has a 12-month low of $14.44 and a 12-month high of $36.09.

Plains Group Holdings, L.P. (NYSE:PAGP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.02 billion. Plains Group Holdings, L.P. had a net margin of 0.34% and a return on equity of 0.69%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. On average, analysts forecast that Plains Group Holdings, L.P. will post $1.10 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 9.56%. Plains Group Holdings, L.P.’s dividend payout ratio (DPR) is presently 333.50%.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Plains Group Holdings, L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 6th. BidaskClub raised shares of Plains Group Holdings, L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, September 2nd. ValuEngine cut shares of Plains Group Holdings, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Stifel Nicolaus set a $21.00 price objective on shares of Plains Group Holdings, L.P. and gave the stock a “hold” rating in a research note on Monday, August 28th. Finally, Bank of America Corporation set a $22.00 price objective on shares of Plains Group Holdings, L.P. and gave the stock a “hold” rating in a research note on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.94.

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Plains Group Holdings, L.P. Profile

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.

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

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