Summit Securities Group LLC Acquires Shares of 47,100 Plains GP Holdings, L.P. $PAGP

Posted by Brian Himes on Jul 10th, 2026

Summit Securities Group LLC bought a new position in shares of Plains GP Holdings, L.P. (NYSE:PAGP – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 47,100 shares of the pipeline company’s stock, valued at approximately $1,144,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Energy Income Partners LLC boosted its position in shares of Plains GP by 1.0% in the 3rd quarter. Energy Income Partners LLC now owns 10,196,673 shares of the pipeline company’s stock worth $185,987,000 after purchasing an additional 102,916 shares during the last quarter. Invesco Ltd. increased its holdings in Plains GP by 1.5% in the third quarter. Invesco Ltd. now owns 4,386,299 shares of the pipeline company’s stock valued at $80,006,000 after purchasing an additional 66,695 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in Plains GP by 3.9% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 3,725,000 shares of the pipeline company’s stock valued at $71,296,000 after purchasing an additional 140,000 shares during the last quarter. UBS Group AG lifted its stake in Plains GP by 1.7% in the fourth quarter. UBS Group AG now owns 3,407,809 shares of the pipeline company’s stock valued at $65,225,000 after buying an additional 58,003 shares during the period. Finally, Advisors Capital Management LLC lifted its stake in Plains GP by 6.1% in the fourth quarter. Advisors Capital Management LLC now owns 2,829,953 shares of the pipeline company’s stock valued at $54,165,000 after buying an additional 163,094 shares during the period. Institutional investors own 88.30% of the company’s stock.

Analyst Upgrades and Downgrades

PAGP has been the subject of several analyst reports. Barclays boosted their target price on Plains GP from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Mizuho increased their price target on shares of Plains GP from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Morgan Stanley upped their target price on shares of Plains GP from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. Citigroup increased their target price on shares of Plains GP from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, US Capital Advisors cut shares of Plains GP from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.00.

View Our Latest Analysis on PAGP

Plains GP Stock Down 1.1%

Shares of Plains GP stock opened at $24.67 on Friday. Plains GP Holdings, L.P. has a 1 year low of $16.68 and a 1 year high of $26.15. The business has a 50-day moving average of $24.32 and a two-hundred day moving average of $22.74. The company has a market capitalization of $4.88 billion, a P/E ratio of 46.55 and a beta of 0.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

Plains GP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.4175 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.67 annualized dividend and a dividend yield of 6.8%. Plains GP’s dividend payout ratio is currently 172.16%.

Plains GP Company Profile

(Free Report)

Plains GP Holdings, L.P. (NYSE: PAGP) serves as the general partner of Plains All American Pipeline, L.P., one of North America’s leading energy infrastructure companies. Through its ownership of a 2% general partner interest and incentive distribution rights (IDRs), Plains GP Holdings participates in the governance and cash distribution structure of a diversified portfolio of crude oil and natural gas liquids gathering, transportation, storage, and terminaling assets.

The company’s primary business activities include overseeing the strategic direction and capital allocation decisions for its affiliated midstream operations.