Blair William & Co. IL cut its position in Plains GP Holdings LP (NYSE:PAGP) by 10.5% during the second quarter, Holdings Channel reports. The fund owned 12,780 shares of the company’s stock after selling 1,500 shares during the period. Blair William & Co. IL’s holdings in Plains GP Holdings were worth $133,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PAGP. Goldman Sachs Group Inc. increased its position in shares of Plains GP Holdings by 567.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,971,352 shares of the company’s stock valued at $34,511,000 after buying an additional 3,376,633 shares in the last quarter. Chickasaw Capital Management LLC increased its position in shares of Plains GP Holdings by 16.5% in the second quarter. Chickasaw Capital Management LLC now owns 21,045,691 shares of the company’s stock valued at $219,507,000 after buying an additional 2,983,748 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Plains GP Holdings during the first quarter valued at $14,117,000. Harvest Fund Advisors LLC increased its position in shares of Plains GP Holdings by 34.0% in the first quarter. Harvest Fund Advisors LLC now owns 5,704,595 shares of the company’s stock valued at $49,573,000 after buying an additional 1,446,048 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Plains GP Holdings by 78.4% in the first quarter. JPMorgan Chase & Co. now owns 2,322,935 shares of the company’s stock valued at $20,188,000 after buying an additional 1,020,496 shares in the last quarter. 77.16% of the stock is currently owned by institutional investors.

Plains GP Holdings LP (NYSE:PAGP) traded up 3.12% on Wednesday, reaching $11.89. 3,177,694 shares of the company’s stock were exchanged. Plains GP Holdings LP has a one year low of $4.72 and a one year high of $19.49. The firm has a market cap of $3.18 billion, a PE ratio of 21.38 and a beta of 1.59. The firm has a 50 day moving average price of $11.40 and a 200 day moving average price of $10.08.

Plains GP Holdings (NYSE:PAGP) last released its quarterly earnings data on Monday, August 8th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Plains GP Holdings had a return on equity of 1.36% and a net margin of 0.69%. The company earned $4.95 billion during the quarter, compared to analysts’ expectations of $4.76 billion. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was down 25.7% on a year-over-year basis. On average, equities analysts anticipate that Plains GP Holdings LP will post $0.83 earnings per share for the current year.

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Plains GP Holdings in a report on Sunday, May 29th. Credit Suisse Group AG reiterated a “neutral” rating and set a $12.00 price objective (up previously from $11.00) on shares of Plains GP Holdings in a research report on Friday, July 15th. Wunderlich reiterated a “hold” rating and set a $10.00 price objective (up previously from $9.00) on shares of Plains GP Holdings in a research report on Friday, July 15th. Zacks Investment Research cut shares of Plains GP Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Robert W. Baird upgraded shares of Plains GP Holdings from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $5.00 to $12.00 in a research report on Wednesday, July 13th. Nineteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Plains GP Holdings currently has a consensus rating of “Hold” and a consensus target price of $11.37.

About Plains GP Holdings

Plains GP Holdings, L.P. (PAGP) owns an interest in the general partner and incentive distribution rights (IDRs) of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products.

5 Day Chart for NYSE:PAGP

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 LP (NYSE:PAGP).

Receive News & Ratings for Plains GP Holdings LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains GP Holdings LP and related companies with MarketBeat.com's FREE daily email newsletter.