Boston Trust Walden Corp Trims Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Boston Trust Walden Corp lowered its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 17,500 shares of the pipeline company’s stock after selling 500 shares during the quarter. Boston Trust Walden Corp’s holdings in Plains All American Pipeline were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Axiom Advisory LLC lifted its holdings in Plains All American Pipeline by 5.2% in the 3rd quarter. Axiom Advisory LLC now owns 15,300 shares of the pipeline company’s stock valued at $274,000 after purchasing an additional 750 shares in the last quarter. Eclectic Associates Inc. ADV raised its position in shares of Plains All American Pipeline by 7.6% in the fourth quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company’s stock valued at $207,000 after buying an additional 854 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Plains All American Pipeline by 16.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after buying an additional 856 shares during the period. Thrivent Financial for Lutherans boosted its position in Plains All American Pipeline by 5.1% during the third quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock worth $315,000 after acquiring an additional 887 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Plains All American Pipeline by 0.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 263,645 shares of the pipeline company’s stock worth $4,580,000 after acquiring an additional 1,047 shares during the period. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Up 1.0 %

Shares of NYSE:PAA opened at $20.10 on Wednesday. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 17.95 and a beta of 1.65. The company has a 50 day moving average of $18.47 and a two-hundred day moving average of $17.86. Plains All American Pipeline, L.P. has a 52-week low of $15.02 and a 52-week high of $21.00. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The business had revenue of $12.74 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the business earned $0.35 EPS. The business’s revenue was up 5.6% on a year-over-year basis. As a group, analysts forecast that Plains All American Pipeline, L.P. will post 1.17 earnings per share for the current fiscal year.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.38 dividend. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.52 annualized dividend and a dividend yield of 7.56%. Plains All American Pipeline’s payout ratio is 135.71%.

Analysts Set New Price Targets

PAA has been the topic of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a report on Friday, November 15th. Wells Fargo & Company cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Barclays increased their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Friday, January 10th. Finally, Scotiabank reaffirmed a “sector outperform” rating and set a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Plains All American Pipeline presently has an average rating of “Hold” and an average price target of $20.21.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.