Plains All American Pipeline Lp $PAA Shares Purchased by Americana Partners LLC

Americana Partners LLC lifted its position in Plains All American Pipeline Lp (NASDAQ:PAA) by 110.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578,541 shares of the company’s stock after acquiring an additional 304,247 shares during the period. Americana Partners LLC’s holdings in Plains All American Pipeline were worth $10,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in PAA. NewEdge Advisors LLC acquired a new stake in shares of Plains All American Pipeline in the first quarter worth approximately $260,000. Guggenheim Capital LLC boosted its stake in shares of Plains All American Pipeline by 5.9% in the second quarter. Guggenheim Capital LLC now owns 46,288 shares of the company’s stock worth $848,000 after acquiring an additional 2,592 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Plains All American Pipeline by 4.1% in the second quarter. First Trust Advisors LP now owns 404,921 shares of the company’s stock worth $7,418,000 after acquiring an additional 16,096 shares during the last quarter. Glenview Trust co acquired a new stake in shares of Plains All American Pipeline in the second quarter worth approximately $404,000. Finally, HUB Investment Partners LLC boosted its stake in shares of Plains All American Pipeline by 5.6% in the second quarter. HUB Investment Partners LLC now owns 91,113 shares of the company’s stock worth $1,669,000 after acquiring an additional 4,839 shares during the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Trading Up 2.0%

PAA stock opened at $24.15 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.94 and a quick ratio of 0.88. The stock has a market cap of $17.04 billion, a P/E ratio of 18.44, a PEG ratio of 3.13 and a beta of 0.51. Plains All American Pipeline Lp has a 12-month low of $15.69 and a 12-month high of $24.26. The company has a fifty day moving average price of $22.06.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $12.47 billion during the quarter. Plains All American Pipeline had a net margin of 2.53% and a return on equity of 12.17%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. Research analysts predict that Plains All American Pipeline Lp will post 1.59 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.4175 dividend. This represents a $1.67 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Friday, May 1st. Plains All American Pipeline’s payout ratio is currently 127.48%.

Analysts Set New Price Targets

A number of research firms have weighed in on PAA. Zacks Research lowered Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Scotiabank boosted their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. UBS Group reissued a “buy” rating on shares of Plains All American Pipeline in a research note on Monday, February 9th. Stifel Nicolaus boosted their price objective on Plains All American Pipeline from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Plains All American Pipeline in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.54.

About Plains All American Pipeline

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.