Pinnacle Holdings LLC Takes Position in Plains GP Holdings, L.P. $PAGP

Posted by Stanley Muller on Aug 24th, 2026

Pinnacle Holdings LLC purchased a new position in shares of Plains GP Holdings, L.P. (NYSE:PAGP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 161,791 shares of the pipeline company’s stock, valued at approximately $3,927,000. Plains GP comprises 1.2% of Pinnacle Holdings LLC’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its position in Plains GP by 86.3% in the 1st quarter. Bank of America Corp DE now owns 3,752,707 shares of the pipeline company’s stock valued at $91,116,000 after buying an additional 1,738,351 shares during the last quarter. Pathstone Holdings LLC raised its position in Plains GP by 227.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,055,395 shares of the pipeline company’s stock worth $37,490,000 after buying an additional 1,427,743 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Plains GP by 46.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,446,983 shares of the pipeline company’s stock worth $26,393,000 after acquiring an additional 456,426 shares during the period. Engineers Gate Manager LP lifted its stake in shares of Plains GP by 510.6% in the 4th quarter. Engineers Gate Manager LP now owns 519,600 shares of the pipeline company’s stock worth $9,945,000 after acquiring an additional 434,499 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of Plains GP by 25.8% in the first quarter. Miller Howard Investments Inc. NY now owns 1,421,518 shares of the pipeline company’s stock valued at $34,514,000 after acquiring an additional 291,397 shares in the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

Plains GP Stock Performance

Shares of PAGP opened at $26.84 on Monday. The company has a 50-day simple moving average of $25.10 and a 200-day simple moving average of $24.05. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $5.31 billion, a PE ratio of 50.64 and a beta of 0.46. Plains GP Holdings, L.P. has a 52-week low of $16.68 and a 52-week high of $27.17.

Plains GP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, July 31st. Plains GP’s dividend payout ratio is presently 59.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PAGP shares. Mizuho boosted their price target on shares of Plains GP from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Truist Financial lifted their price objective on Plains GP from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Barclays lifted their price objective on Plains GP from $21.00 to $23.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. 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. Finally, Wells Fargo & Company increased their target price on Plains GP from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.55.

Check Out Our Latest Analysis on PAGP

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.