The stock of Plains GP Holdings LP (NYSE:PAGP) is a huge mover today! About 1.27M shares traded hands. Plains GP Holdings LP (NYSE:PAGP) has risen 72.18% since March 1, 2016 and is uptrending. It has outperformed by 62.93% the S&P500.
The move comes after 6 months positive chart setup for the $7.92B company. It was reported on Oct, 4 by Barchart.com. We have $15.51 PT which if reached, will make NYSE:PAGP worth $1.66B more.
Analysts await Plains GP Holdings LP (NYSE:PAGP) to report earnings on November, 1. They expect $0.19 EPS, up 35.71% or $0.05 from last year’s $0.14 per share. PAGP’s profit will be $117.38M for 16.87 P/E if the $0.19 EPS becomes a reality. After $0.15 actual EPS reported by Plains GP Holdings LP for the previous quarter, Wall Street now forecasts 26.67% EPS growth.
Plains GP Holdings LP (NYSE:PAGP) Ratings Coverage
Out of 17 analysts covering Plains GP Holdings LP (NYSE:PAGP), 4 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 24% are positive. Plains GP Holdings LP has been the topic of 33 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Robert W. Baird on Thursday, August 6. On Monday, August 24 the stock rating was initiated by Howard Weil with “Sector Perform”. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, July 13. As per Friday, April 1, the company rating was reinitiated by Piper Jaffray. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, November 5 report. The stock has “Neutral” rating given by JP Morgan on Friday, May 27. Barclays Capital downgraded it to “Equal Weight” rating and $11 target price in Friday, July 8 report. The rating was reinitiated by Citigroup with “Buy” on Tuesday, August 16. The firm earned “Neutral” rating on Wednesday, January 13 by JP Morgan. The company was initiated on Wednesday, June 15 by Suntrust Robinson.
According to Zacks Investment Research, “Plains GP Holdings, L.P. operates as a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling, and marketing of crude oil and refined products. It also focuses on the processing, transportation, fractionation, storage, and marketing of natural gas liquids, including ethane and natural gasoline products, as well as propane and butane products. Plains GP Holdings, L.P. is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.32, from 1.36 in 2016Q1. The ratio is negative, as 28 funds sold all Plains GP Holdings LP shares owned while 78 reduced positions. 31 funds bought stakes while 79 increased positions. They now own 192.38 million shares or 4.39% less from 201.21 million shares in 2016Q1.
Citadel Advisors Ltd Liability owns 1.20 million shares or 0.01% of their US portfolio. X Commerce Llc owns 381,456 shares or 0.2% of their US portfolio. Moreover, Bradley Foster Sargent Ct has 0.01% invested in Plains GP Holdings LP (NYSE:PAGP) for 12,175 shares. Walnut Private Equity Prtnrs Limited Liability accumulated 20,000 shares or 0.19% of the stock. Metropolitan Life Insur Ny has invested 0.02% of its portfolio in Plains GP Holdings LP (NYSE:PAGP). The North Carolina-based Financial Bank Of America Corp De has invested 0% in Plains GP Holdings LP (NYSE:PAGP). Chickasaw Capital Management Limited Liability Co holds 5.4% or 21.05M shares in its portfolio. United Capital Financial Advisers Ltd Liability Corp accumulated 51,237 shares or 0.01% of the stock. Vanguard Group Inc Inc last reported 2.64M shares in the company. Stifel Fincl accumulated 0.01% or 288,838 shares. Moreover, Gabelli Funds Lc has 0.01% invested in Plains GP Holdings LP (NYSE:PAGP) for 180,000 shares. Capital Invest Advisors Limited Liability Corp last reported 17,795 shares in the company. Blair William And Communication Il owns 12,780 shares or 0% of their US portfolio. Moreover, Segment Wealth Management Limited Co has 0.06% invested in Plains GP Holdings LP (NYSE:PAGP) for 14,400 shares. Tortoise Advisors Limited Liability Corp accumulated 1.28% or 17.60 million shares.
More news for Plains GP Holdings LP (NYSE:PAGP) were recently published by: Streetinsider.com, which released: “UPDATE: (Correction) Morgan Stanley Maintains Plains GP Holdings, L.P (PAGP …” on October 04, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Plains GP Holdings, Enterprise Products Partners and …” and published on July 25, 2016 is yet another important article.
PAGP Company Profile
Plains GP Holdings, L.P. (PAGP), incorporated on July 17, 2013, owns an interest in the general partner and incentive distribution rights (IDRs) of Plains All American Pipeline, L.P (PAA). The Firm has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAA conducts its activities through three divisions: Transportation, Facilities, and Supply and Logistics. Through its three business divisions, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas. The majority of its activities are focused on crude oil, which is the principal feedstock used by refineries in the production of transportation fuels.
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