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HOUSTON, June 15, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) are providing an update to capital spending guidance for 2026.

The inflation dragon seems to be returning. This time the timing might coincide with a system-wide selloff (e.g., private credit risks, richly priced AI names, etc.). The question is where to park capital to protect portfolio cash flows from value erosion and potentially significant leg-down.

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Posted by Defense World Staff on Apr 1st, 2026

Founders Capital Management reduced its stake in Plains GP Holdings, L.P. (NYSE:PAGP – Free Report) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,333 shares of the pipeline company’s stock after selling 23,925 shares during the period. Plains GP comprises approximately 1.0% of Founders Capital Management’s investment portfolio, making the stock its 23rd largest position. Founders Capital Management’s holdings in Plains GP were worth $1,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pathstone Holdings LLC lifted its position in shares of Plains GP by 227.5% in the 3rd quarter. Pathstone Holdings LLC now owns 2,055,395 shares of the pipeline company’s stock worth $37,490,000 after purchasing an additional 1,427,743 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Plains GP during the third quarter worth $9,629,000. Chickasaw Capital Management LLC raised its stake in Plains GP by 5.9% during the third quarter. Chickasaw Capital Management LLC now owns 8,832,780 shares of the pipeline company’s stock worth $161,110,000 after buying an additional 494,259 shares during the last quarter. Bank of America Corp DE lifted its holdings in Plains GP by 36.4% in the third quarter. Bank of America Corp DE now owns 1,750,236 shares of the pipeline company’s stock valued at $31,924,000 after buying an additional 466,773 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Plains GP by 46.1% during the third quarter. Qube Research & Technologies Ltd now owns 1,446,983 shares of the pipeline company’s stock valued at $26,393,000 after acquiring an additional 456,426 shares during the last quarter. 88.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades A number of analysts have weighed in on PAGP shares. Truist Financial initiated coverage on Plains GP in a report on Tuesday, March 24th. They set a “buy” rating and a $23.00 price target for the company. Stifel Nicolaus upped their target price on Plains GP from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Zacks Research cut Plains GP from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Barclays lifted their target price on Plains GP from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, February 9th. Finally, Citigroup boosted their price target on Plains GP from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.60.

Check Out Our Latest Stock Report on PAGP

Plains GP Price Performance Shares of NYSE PAGP opened at $24.28 on Wednesday. The firm’s 50-day moving average price is $22.30 and its 200-day moving average price is $19.76. Plains GP Holdings, L.P. has a 1-year low of $16.60 and a 1-year high of $24.75. The firm has a market capitalization of $4.81 billion, a P/E ratio of 45.81 and a beta of 0.56. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Plains GP Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.4175 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.67 annualized dividend and a yield of 6.9%. Plains GP’s dividend payout ratio is presently 129.46%.

Plains GP 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.

See Also Five stocks we like better than Plains GP

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According to a recent SEC filing, Chickasaw Capital Management sold 144,038 shares of Plains GP Holdings (PAGP +0.82%)in the first quarter of 2026. After the trade, Chickasaw held 8,675,146 shares, with the position valued at $210.6 million at quarter-end.

Chickasaw cut its Plains GP Holdings stake by 144,038 sharesQuarter-end position value increased by $41.8 million, reflecting both trading and price movementPost-trade position: 8,675,146 shares valued at $210.63 millionPlains GP stake now represents 7.4% of 13F AUMWhat else to knowTop holdings after the filing:NYSE:TRGP: $442.5 million (15.8% of AUM)NYSE:ET: $299.0 million (10.6% of AUM)NYSE:MPLX: $298.1 million (10.5% of AUM)NYSE:WES: $229.6 million (8.1% of AUM)NYSE:WMB: $218.7 million (7.7% of AUM)Company overviewMetricValuePrice (as of market close April 10)$23.58Market capitalization$4.6 billionRevenue (TTM)$44.8 billionCompany snapshotPlains GP Holdings, L.P. is a midstream energy company. It has thousands of miles of pipelines and storage capacity for crude oil and NGLs. The company leverages its integrated infrastructure to provide essential logistics and transportation services to the North American energy sector.

Operates midstream energy infrastructure focused on crude oil and natural gas liquids (NGLs) transportation, storage, and processing services across the United States and Canada.Generates revenue primarily through pipeline transportation fees, storage and terminalling charges, and logistics services for crude oil and NGLs.Main customers include producers, refiners, and other energy market participants requiring large-scale logistics and storage solutions.What this transaction means for investorsChickasaw Capital Management reported 95 holdings on its 13F filing, but they are highly concentrated. Looking at the firm’s top holdings, the five-largest equities represented 52.6% of the firm’s $2.8 billion in reported AUM. Plains GP Holdings still made up 7.4% of its AUM, even after Chickasaw sold some shares during the first quarter.

Plains GP has handsomely rewarded shareholders this year, while the overall equity market has been challenging. The stock returned 24.5% through April 14, trouncing the S&P 500 index’s 2.1%. Dividends helped boost the stock’s total return.

In fact, the attractive payout should appeal to income-seeking investors. The board of directors raised the quarterly payout this year by 9.9% to $0.4175. At the new rate, the stock has a dividend yield of 7.1%. That dwarfs the S&P 500’s 1.1% yield.

Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Posted by Defense World Staff on Apr 21st, 2026

Evergreen Capital Management LLC grew its holdings in Plains GP Holdings, L.P. (NYSE:PAGP – Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 835,817 shares of the pipeline company’s stock after acquiring an additional 105,448 shares during the quarter. Evergreen Capital Management LLC owned 0.42% of Plains GP worth $15,998,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Energy Income Partners LLC boosted its holdings in Plains GP by 1.0% in the third quarter. Energy Income Partners LLC now owns 10,196,673 shares of the pipeline company’s stock worth $185,987,000 after acquiring an additional 102,916 shares in the last quarter. Invesco Ltd. boosted 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 worth $80,006,000 after acquiring an additional 66,695 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted 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 worth $71,296,000 after acquiring an additional 140,000 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in Plains GP by 4.0% in the third quarter. Advisors Capital Management LLC now owns 2,666,859 shares of the pipeline company’s stock worth $48,644,000 after acquiring an additional 101,512 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in Plains GP by 227.5% in the third quarter. Pathstone Holdings LLC now owns 2,055,395 shares of the pipeline company’s stock worth $37,490,000 after acquiring an additional 1,427,743 shares in the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.

Plains GP Price Performance Shares of PAGP stock opened at $22.69 on Tuesday. The stock has a 50 day moving average of $23.10 and a 200 day moving average of $20.26. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a market cap of $4.49 billion, a P/E ratio of 42.81 and a beta of 0.50. Plains GP Holdings, L.P. has a twelve month low of $16.68 and a twelve month high of $24.75.

Plains GP Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, May 1st. Plains GP’s dividend payout ratio (DPR) is currently 129.46%.

Wall Street Analyst Weigh In Several equities research analysts have weighed in on PAGP shares. Zacks Research downgraded Plains GP from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Citigroup raised their price target on Plains GP from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Barclays raised their price target on Plains GP from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Morgan Stanley raised their price objective on Plains GP from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. Finally, Truist Financial initiated coverage on Plains GP in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.90.

Get Our Latest Stock Report on Plains GP

About Plains GP (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.

Further Reading Five stocks we like better than Plains GP Want to see what other hedge funds are holding PAGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Plains GP Holdings, L.P. (NYSE:PAGP – Free Report).

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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One stock to keep an eye on is Plains Group (PAGP - Free Report) . PAGP is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 12.55, which compares to its industry's average of 21.39. Over the last 12 months, PAGP's Forward P/E has been as high as 18.69 and as low as 9.71, with a median of 12.44.

Value investors will likely look at more than just these metrics, but the above data helps show that Plains Group is likely undervalued currently. And when considering the strength of its earnings outlook, PAGP sticks out as one of the market's strongest value stocks.