Plains GP Holdings LP (NASDAQ: PAGP) is 8.53% higher on its value in year-to-date trading and has touched a low of $11.79 and a high of $17.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAGP stock was last observed hovering at around $17.30 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $17.31, the stock is 3.49% and 5.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing 0.06% at the moment leaves the stock 10.41% off its SMA200. PAGP registered 22.94% gain for a year compared to 6-month loss of 6.92%. The firm has a 50-day simple moving average (SMA 50) of $0.23 and a 200-day simple moving average (SMA200) of $3.60.
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The stock witnessed a 8.05% gain in the last 1 month and extending the period to 3 months gives it a 5.94%, and is 1.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.15% over the week and 1.65% over the month.
Plains GP Holdings LP (PAGP) has around 4200 employees, a market worth around $3.41B and $48.70B in sales. Current P/E ratio is 17.05 and Fwd P/E is 10.12. Profit margin for the company is 0.41%. Distance from 52-week low is 46.82% and -0.86% from its 52-week high. The company has generated returns on investments over the last 12 months (2.17%).
Plains GP Holdings LP quarterly earnings per share for the current quarter are estimated at $0.29 with sales reaching $13.41B over the same period.The EPS is expected to grow by 53.21% this year, but quarterly earnings will post -1.10% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.
Plains GP Holdings LP (PAGP) Top Institutional Holders
311 institutions hold shares in Plains GP Holdings LP (PAGP), with institutional investors hold 87.45% of the company’s shares. The shares outstanding are 196.42M, and float is at 191.78M with Short Float at 4.88%. Institutions hold 85.16% of the Float.
The top institutional shareholder in the company is Energy Income Partners, LLC with over 13.21 million shares valued at $195.86 million. The investor’s holdings represent 7.03% of the PAGP Shares outstanding. As of Jun 29, 2023, the second largest holder is Tortoise Capital Advisors, LLC with 13.0 million shares valued at $192.74 million to account for 6.92% of the shares outstanding. The other top investors are Massachusetts Financial Services Co. which holds 12.85 million shares representing 6.84% and valued at over $190.55 million, while Goldman Sachs Group Inc holds 5.38% of the shares totaling 10.1 million with a market value of $149.84 million.
Plains GP Holdings LP (PAGP) Insider Activity
A total of 1 insider transactions have happened at Plains GP Holdings LP (PAGP) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by Chiang Willie CW,the company’sChairman & CEO. SEC filings show that Chiang Willie CW bought 62,000 shares of the company’s common stock on Sep 28 at a price of $16.24 per share for a total of $1.01 million. Following the purchase, the insider now owns 0.32 million shares.
Plains GP Holdings LP disclosed in a document filed with the SEC on May 08 that Chiang Willie CW (Chairman & CEO) bought a total of 75,000 shares of the company’s common stock. The trade occurred on May 08 and was made at $13.25 per share for $0.99 million. Following the transaction, the insider now directly holds 0.26 million shares of the PAGP stock.
Plains GP Holdings LP (PAGP): Who are the competitors?
The company’s main competitors (and peers) include NuSTAR Energy L.P. (NS) that is trading 46.86% up over the past 12 months. Plains All American Pipeline L.P. (PAA) that is 26.62% higher over the same period.
