Are we looking at the next big move in Plains GP Holdings LP (PAGP)?

Plains GP Holdings LP (NASDAQ: PAGP) is 14.29% higher on its value in year-to-date trading and has touched a low of $14.93 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 $18.21 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $18.23, the stock is 1.22% and -1.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 0.11% at the moment leaves the stock -0.39% off its SMA200. PAGP registered 14.29% gain for a year compared to 6-month gain of -0.92%. The firm has a 50-day simple moving average (SMA 50) of $18.4276 and a 200-day simple moving average (SMA200) of $18.302.

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The stock witnessed a -1.35% loss in the last 1 month and extending the period to 3 months gives it a -3.70%, and is -0.22% down 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 1.78% over the week and 1.77% over the month.

Plains GP Holdings LP (PAGP) has around 4200 employees, a market worth around $14.10B and $50.53B in sales. Current P/E ratio is 21.60 and Fwd P/E is 10.04. Profit margin for the company is 0.33%. Distance from 52-week low is 22.10% and -9.30% from its 52-week high. The company has generated returns on investments over the last 12 months (1.86%).

The EPS is expected to grow by 43.73% this year.

Plains GP Holdings LP (PAGP) Top Institutional Holders

350.0 institutions hold shares in Plains GP Holdings LP (PAGP), with institutional investors hold 85.21% of the company’s shares. The shares outstanding are 196.42M, and float is at 191.91M with Short Float at 3.73%. Institutions hold 82.92% 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.