NBW Capital LLC stated in its most recent Form 13F report that it increased its holdings in Plains G.P. Holdings, L.P. (NYSE: PAGP) by 2.7% during the third quarter. This information was provided to the Securities and Exchange Commission. The institutional investor has a total of 955,084 shares in the pipeline company after making additional purchases of 25,364 shares over time. This brings the total number of shares that they own to 955,084. Plains G.P. is the fifth largest holding for NBW Capital LLC, responsible for 2.8% of the total value of the company’s portfolio. At the end of the most recent reporting period, NBW Capital LLC held approximately 0.49% of Plains G.P., which resulted in the company’s stock having a value of $10,420,000.
Several institutional investors and other hedge funds recently altered the proportion of the company’s stock they owned in response to recent market events. Geneos Wealth Management Inc. grew its holdings in Plains G.P. by a combined 60.6% over the first three months of 2018. After making an additional purchase of 1,300 shares during the most recent fiscal quarter, Geneos Wealth Management Inc. now has 3,445 pipeline company stock shares, collectively worth $39,000. This brings the total number of shares that the company owns to 3,445. In the second quarter, a sum of approximately $62,000 was forked over to Spirit of America Management Corp., NY, to complete the purchase of a new investment in Plains G.P. Atlas Capital Advisors LLC increased its stake in Plains G.P. by 407.9% during the second quarter of the year compared to what it had been before. During the most recent fiscal quarter, Atlas Capital Advisors LLC increased its holdings in the pipeline company’s stock by 6,119 shares, bringing the total number of shares that it currently possesses to 7,619, with a value of $79,000. This brings the total number of shares it currently possesses to 7,619; the Great West Life Assurance Company of Canada contributed a total of $98,000 toward purchasing a new stake held by Plains G.P. during the third quarter of the fiscal year. And finally, during the second quarter, Gilman Hill Asset Management LLC established a new stake in Plains G.P. valued at approximately $103,000 at the time of the investment. Institutions own the equity of the company to the tune of 83.68%.
The closing price of NYSE: PAGP shares was $12.85 on Thursday after the stock experienced a loss of $0.06 in value throughout trading that day. The total number of shares transacted by the company was 8,618, significantly lower than the typical 2,134,073 shares. The organization has a debt-to-equity ratio of 0.57, a quick ratio of 0.93, and a current ratio of 1.05, all of which are liquidity ratios. The company’s beta value is 1.61, and its price-to-earnings ratio is 12.18, which contributes to its market capitalization of $2.50 billion. In addition, the company has a market capitalization of $2.50 billion. This stock’s simple moving average over the past 50 days is $12.61, and its simple moving average over the past 200 days comes in at $12.03. During the past year, the price of Plains G.P. Holdings, L.P. has fluctuated between $9.39 and $13.41 at various points, with a low of $9.39 and a high of $13.41.
On November 2, the most recent quarterly earnings report for Plains G.P., traded on the New York Stock Exchange under the symbol PAGP, was made public. The pipeline company achieved a quarterly profit of $0.36 per share, significantly higher than the consensus forecast of $0.17 per share that the company had met. In their financial statements, Plains G.P. revealed a net margin of 0.36% and a return on equity of 1.47%. However, the company could only bring in $14.34 billion in revenue during the quarter, in contrast to the $14.77 billion that analysts predicted it would bring in during the same period. Analysts who follow the equity markets forecast that Plains G.P. Holdings, L.P. will produce earnings of $0.93 per share in this fiscal year.
In addition, the company declared a quarterly dividend, which will be paid out on February 14 as previously scheduled. On Tuesday, January 31, 2018, a $0.2675 dividend payment will be made to shareholders who are currently on record. This equates to an annual dividend payment of $1.07 and a dividend yield of 8.33% when calculated annually. Plains paid the most recent quarterly dividend.