Plains GP Holdings LP (PAGP) saw an uptrend of 0.52% in the recent trading with $19.29 being its most recent. The current price level -13.52% lower than the highest price of $22.31 marked by the stock while trading over the past 52-weeks, whereas it is 16.17% higher than the lowest price of $16.60 the company dropped to over past 52-weeks. The latest news story on PAGP appeared in (Zacks) under the title “Power Up Your Portfolio Value With These 5 High Earnings Yield Stocks”.
Looking into the simple moving average, Plains GP Holdings LP (PAGP)’s stock stands at a SMA-50 of $19.19 while that of 5-day is reading $19.32.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and PAGP’s SMA-200 as of now is $19.46.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.57 for the stock.
Plains GP Holdings LP Earnings – What Happened With PAGP
Coming around sales and income figures on PAGP Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Plains GP Holdings LP – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 197.74 million. PAGP does have institutional investors; and they hold 82.45% of the stock.
As on 2024-06-30, MORGAN STANLEY was the top most holder in Plains GP Holdings LP (NASDAQ:PAGP) with an ownership of 5.48 million shares of the company or 2.782 of the stake worth $103.14 million. The filing also reveals TORTOISE CAPITAL ADVISORS, L.L.C. as the second largest holder in the company with a control over 1.4806 of the outstanding shares. Its stake is worth $219.57 million for having 11.67 million shares in hand.
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ also came holding a key position in the company during the recent quarter and it now holds 1.2721 of the outstanding shares. With this there are now 387.0 institutions which have possession in PAGP’s shares.
Key Metrics forPAGP
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Plains GP Holdings LP has a debt to equity ratio of 6.62.
