Plains All American Pipeline, L.P. (NYSE:PAA) Holdings Raised by PFG Investments LLC

PFG Investments LLC boosted its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 47.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,151 shares of the pipeline company’s stock after buying an additional 14,432 shares during the quarter. PFG Investments LLC’s holdings in Plains All American Pipeline were worth $771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stablepoint Partners LLC raised its holdings in shares of Plains All American Pipeline by 18.6% during the 4th quarter. Stablepoint Partners LLC now owns 19,125 shares of the pipeline company’s stock valued at $327,000 after purchasing an additional 3,000 shares in the last quarter. Eclectic Associates Inc. ADV raised its holdings in shares of Plains All American Pipeline by 7.6% during the 4th quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 854 shares in the last quarter. Hengehold Capital Management LLC raised its holdings in shares of Plains All American Pipeline by 61.2% during the 4th quarter. Hengehold Capital Management LLC now owns 80,970 shares of the pipeline company’s stock valued at $1,383,000 after purchasing an additional 30,745 shares in the last quarter. Secure Asset Management LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter valued at $249,000. Finally, Inspire Investing LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter valued at $832,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

NYSE PAA opened at $20.52 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 18.32 and a beta of 1.64. The company’s fifty day moving average is $18.20 and its two-hundred day moving average is $17.80. Plains All American Pipeline, L.P. has a 52-week low of $15.02 and a 52-week high of $21.00.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the business posted $0.35 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that Plains All American Pipeline, L.P. will post 1.17 EPS for the current year.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.38 per share. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 7.41%. The ex-dividend date is Friday, January 31st. Plains All American Pipeline’s payout ratio is 113.39%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PAA shares. Barclays raised their price target on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Raymond James raised their price target on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a report on Tuesday. Bank of America assumed coverage on shares of Plains All American Pipeline in a report on Thursday, October 17th. They set a “neutral” rating and a $18.00 price target on the stock. Scotiabank reiterated a “sector outperform” rating and issued a $23.00 target price on shares of Plains All American Pipeline in a report on Friday, January 10th. Finally, Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.21.

Plains All American Pipeline 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.