Plains GP Holdings LP (NASDAQ: PAGP) is 20.06% higher on its value in year-to-date trading and has touched a low of $14.71 and a high of $20.10 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 $19.05 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $19.15, the stock is 2.52% and 1.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 0.52% at the moment leaves the stock 9.01% off its SMA200. PAGP registered 20.36% gain for a year compared to 6-month gain of 13.31%.
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The stock witnessed a -1.14% loss in the last 1 month and extending the period to 3 months gives it a 6.09%, and is 1.16% 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 1.48% over the week and 2.04% over the month.
Plains GP Holdings LP (PAGP) has around 4200 employees, a market worth around $3.78B and $50.03B in sales. Current P/E ratio is 23.23 and Fwd P/E is 11.00. Profit margin for the company is 0.32%. Distance from 52-week low is 30.18% and -4.73% from its 52-week high. The company has generated returns on investments over the last 12 months (1.80%).
with sales reaching $13.15B over the same period.The EPS is expected to grow by 60.11% this year, but quarterly earnings will post -3.60% year-over-year. Quarterly sales are estimated to grow 9.00% in year-over-year returns.
Plains GP Holdings LP (PAGP) Top Institutional Holders
335.0 institutions hold shares in Plains GP Holdings LP (PAGP), with institutional investors hold 86.25% of the company’s shares. The shares outstanding are 196.42M, and float is at 191.76M with Short Float at 4.27%. Institutions hold 83.92% of the Float.
The top institutional shareholder in the company is TORTOISE CAPITAL ADVISORS, L.L.C. with over 11.67 million shares valued at $219.57 million. The investor’s holdings represent 5.9223% of the PAGP Shares outstanding. As of 2024-06-30, the second largest holder is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 10.02 million shares valued at $188.66 million to account for 5.0884 of the shares outstanding. The other top investors are ENERGY INCOME PARTNERS, LLC which holds 10.0 million shares representing 5.0783% and valued at over $188.28 million, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 3.5311 of the shares totaling 6.96 million with a market value of $130.92 million.
Plains GP Holdings LP (PAGP) Insider Activity
The most recent transaction is an insider purchase by Chiang Willie CW, the company’s Chairman & CEO. SEC filings show that Chiang Willie CW bought 62,000 shares of the company’s common stock on Sep 28 ’23 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.
