Plains GP Holdings LP (PAGP) reached a 52-week high of $28.32 on Aug. 31, according to market data. The stock last traded at $28.22, up 0.89% on the session, after closing at $28.22 the prior day.
Goldman Sachs upgraded Plains GP Holdings from Sell to Neutral and raised its price target to $24.00 from a prior level. The bank cited a stronger crude oil macro backdrop and an improved growth outlook following the company’s sale of Canadian natural gas liquids assets.
The stock has delivered a total return of 56.2% over the past 12 months. Its dividend yield stands at 5.97%, based on current pricing. The shares have shown resilience in a volatile energy market, supported by solid free cash flow generation.
Russ Montgomery has been promoted to Vice President, Accounting and Chief Accounting Officer, effective September 2026. He joined Plains All American in 2002 and has served as Vice President, Controller since 2019. The appointment follows the retirement of Chris Herbold, the outgoing Chief Accounting Officer.
Analysts at Goldman Sachs highlighted Plains GP Holdings’ potential as a merger and acquisition candidate amid ongoing industry consolidation, reinforcing the company’s strategic positioning in the midstream energy sector.
