Independent Financial Group LLC Takes Position in Plains GP Holdings, L.P. $PAGP

Posted by George Bondi on Jul 23rd, 2026

Independent Financial Group LLC purchased a new position in shares of Plains GP Holdings, L.P. (NYSE:PAGP – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm purchased 22,510 shares of the pipeline company’s stock, valued at approximately $547,000.

Several other hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in Plains GP in the 3rd quarter valued at $46,000. North Star Investment Management Corp. acquired a new position in Plains GP in the 1st quarter valued at $56,000. Lazard Asset Management LLC raised its position in Plains GP by 36.5% during the 2nd quarter. Lazard Asset Management LLC now owns 3,030 shares of the pipeline company’s stock worth $58,000 after buying an additional 811 shares during the last quarter. O Domhnaill Enterprises Inc. purchased a new position in Plains GP during the 1st quarter worth $66,000. Finally, Virtus Advisers LLC lifted its stake in shares of Plains GP by 46.5% in the 4th quarter. Virtus Advisers LLC now owns 5,859 shares of the pipeline company’s stock worth $112,000 after acquiring an additional 1,859 shares during the period. 88.30% of the stock is owned by institutional investors and hedge funds.

Plains GP Price Performance

Plains GP stock opened at $26.21 on Thursday. The company has a market cap of $5.19 billion, a P/E ratio of 49.45 and a beta of 0.45. Plains GP Holdings, L.P. has a one year low of $16.68 and a one year high of $26.30. The business has a fifty day moving average of $24.64 and a two-hundred day moving average of $23.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01.

Plains GP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.4175 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.67 annualized dividend and a dividend yield of 6.4%. Plains GP’s dividend payout ratio (DPR) is 172.16%.

Analyst Ratings Changes

PAGP has been the topic of several analyst reports. Zacks Research downgraded shares of Plains GP from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Mizuho increased their price target on shares of Plains GP from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Morgan Stanley raised their price objective on shares of Plains GP from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. US Capital Advisors lowered Plains GP from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, May 29th. Finally, Citigroup boosted their target price on Plains GP from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Plains GP currently has a consensus rating of “Hold” and a consensus target price of $23.36.

View Our Latest Research Report on Plains GP

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.