Plains Group Holdings, L.P. (PAGP) Shares Sold by Virtu KCG Holdings LLC

Virtu KCG Holdings LLC cut its holdings in shares of Plains Group Holdings, L.P. (NYSE:PAGP) by 52.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,807 shares of the pipeline company’s stock after selling 18,297 shares during the period. Virtu KCG Holdings LLC’s holdings in Plains Group Holdings, L.P. were worth $440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in shares of Plains Group Holdings, L.P. by 0.3% during the second quarter. Teacher Retirement System of Texas now owns 12,922 shares of the pipeline company’s stock valued at $338,000 after buying an additional 45 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Plains Group Holdings, L.P. by 2.2% during the first quarter. Envestnet Asset Management Inc. now owns 9,648 shares of the pipeline company’s stock valued at $302,000 after buying an additional 210 shares during the period. Homrich & Berg increased its stake in shares of Plains Group Holdings, L.P. by 1.1% during the second quarter. Homrich & Berg now owns 34,014 shares of the pipeline company’s stock valued at $890,000 after buying an additional 354 shares during the period. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Plains Group Holdings, L.P. by 0.8% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 67,624 shares of the pipeline company’s stock valued at $2,114,000 after buying an additional 559 shares during the period. Finally, Keybank National Association OH increased its stake in shares of Plains Group Holdings, L.P. by 1.9% during the second quarter. Keybank National Association OH now owns 43,721 shares of the pipeline company’s stock valued at $1,144,000 after buying an additional 804 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Greg L. Armstrong bought 50,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average price of $21.53 per share, with a total value of $1,076,500.00. Following the transaction, the chairman now owns 700,625 shares of the company’s stock, valued at $15,084,456.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Everardo Goyanes bought 20,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were bought at an average cost of $21.25 per share, for a total transaction of $425,000.00. Following 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. Insiders have acquired a total of 72,500 shares of company stock worth $1,554,200 in the last ninety days. Insiders own 39.93% of the company’s stock.

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Shares of Plains Group Holdings, L.P. (NYSE PAGP) opened at 21.49 on Friday. The firm has a 50-day moving average price of $22.24 and a 200 day moving average price of $25.79. Plains Group Holdings, L.P. has a 12-month low of $14.44 and a 12-month high of $36.09. The company’s market capitalization is $3.30 billion.

Plains Group Holdings, L.P. (NYSE:PAGP) last announced its earnings results on Monday, August 7th. The pipeline company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). The company had revenue of $6.08 billion for 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 firm’s revenue was up 22.8% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. On average, equities research analysts predict that Plains Group Holdings, L.P. will post $1.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.30 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 annualized dividend and a yield of 5.58%. Plains Group Holdings, L.P.’s dividend payout ratio (DPR) is presently 333.50%.

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $20.00 target price on Plains Group Holdings, L.P. and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research raised Plains Group Holdings, L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Seaport Global Securities assumed coverage on Plains Group Holdings, L.P. in a research note on Tuesday. They set a “neutral” rating and a $23.00 target price on the stock. ValuEngine raised Plains Group Holdings, L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub cut Plains Group Holdings, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.88.

Plains Group Holdings, L.P. Company 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.

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

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