Chickasaw Sells 144K Plains GP Holdings Shares
Key Points
Chickasaw cut its Plains GP Holdings stake by 144,038 shares.
It held nearly 8.7 million shares valued at $210.6 million as of March 31.
Plains GP stake represents 7.4% of its reported AUM.
- 10 stocks we like better than Plains Gp ›
According to a recent SEC filing, Chickasaw Capital Management sold 144,038 shares of Plains GP Holdings (NASDAQ:PAGP)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 shares
- Quarter-end position value increased by $41.8 million, reflecting both trading and price movement
- Post-trade position: 8,675,146 shares valued at $210.63 million
- Plains GP stake now represents 7.4% of 13F AUM
What else to know
- Top 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 overview
| Metric | Value |
|---|---|
| Price (as of market close April 10) | $23.58 |
| Market capitalization | $4.6 billion |
| Revenue (TTM) | $44.8 billion |
Company snapshot
Plains 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 investors
Chickasaw 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.
Should you buy stock in Plains Gp right now?
Before you buy stock in Plains Gp, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Plains Gp wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $573,160!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,204,712!*
Now, it’s worth noting Stock Advisor’s total average return is 1,002% — a market-crushing outperformance compared to 195% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of April 15, 2026.
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.
Recommended Articles
