Investors Buy Large Volume of Plains GP Call Options (NYSE:PAGP)

Posted by Stanley Muller on Oct 31st, 2026

Plains GP Holdings, L.P. (NYSE:PAGP – Get Free Report) was the target of unusually large options trading on Thursday. Stock investors bought 176,203 call options on the company. This represents an increase of approximately 3,884% compared to the typical volume of 4,423 call options.

Plains GP Price Performance

Plains GP stock opened at $28.39 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The business has a 50 day simple moving average of $27.43 and a 200-day simple moving average of $24.63. The stock has a market capitalization of $5.62 billion, a PE ratio of 53.57 and a beta of 0.54. Plains GP has a 12 month low of $16.89 and a 12 month high of $28.96.

Plains GP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, October 30th. Plains GP’s payout ratio is presently 59.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Mizuho boosted their target price on Plains GP from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, September 21st. Truist Financial boosted their target price on shares of Plains GP from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Morgan Stanley boosted their price objective on shares of Plains GP from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, August 18th. UBS Group increased their price target on shares of Plains GP from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $30.00 target price on shares of Plains GP in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Plains GP currently has an average rating of “Hold” and a consensus price target of $26.00.

View Our Latest Analysis on PAGP

Institutional Investors Weigh In On Plains GP

A number of large investors have recently added to or reduced their stakes in the company. Energy Income Partners LLC boosted its holdings in Plains GP by 1.4% during the first quarter. Energy Income Partners LLC now owns 8,974,776 shares of the pipeline company’s stock valued at $217,908,000 after acquiring an additional 120,765 shares during the period. Artemis Investment Management LLP boosted its stake in Plains GP by 18.1% in the 3rd quarter. Artemis Investment Management LLP now owns 6,231,288 shares of the pipeline company’s stock valued at $161,390,000 after buying an additional 955,231 shares in the last quarter. Bank of America Corp DE increased its position in shares of Plains GP by 3.0% during the 2nd quarter. Bank of America Corp DE now owns 3,865,600 shares of the pipeline company’s stock worth $93,818,000 after purchasing an additional 112,893 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Plains GP by 5.5% in the second quarter. Hsbc Holdings PLC now owns 2,854,795 shares of the pipeline company’s stock worth $69,291,000 after purchasing an additional 147,603 shares in the last quarter. Finally, Goodman Financial Corp lifted its holdings in Plains GP by 1.2% during the 1st quarter. Goodman Financial Corp now owns 818,027 shares of the pipeline company’s stock worth $19,862,000 after buying an additional 9,348 shares in the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

Plains GP Company Profile

(Get Free Report)

Plains GP Holdings, L.P. (NYSE:PAGP) is a publicly traded holding company that owns and controls the general partner of Plains All American Pipeline, L.P. Through this ownership interest, Plains GP Holdings is linked to the operations of one of North America’s major midstream energy companies.

Plains All American Pipeline provides transportation, storage, terminalling, gathering, and other logistics services for crude oil and natural gas liquids. Its infrastructure includes pipelines, storage facilities, gathering systems, rail and truck terminals, and other assets used to move energy commodities from producing regions to refineries, processing facilities, and other markets.

The company’s operations primarily serve customers in the United States and Canada, with activity concentrated in key oil- and liquids-producing regions and connected transportation corridors.