Plains All American Pipeline, L.P. $PAA Stock Position Raised by Blue Trust Inc.

Blue Trust Inc. lifted its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 76.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,761 shares of the pipeline company’s stock after acquiring an additional 761 shares during the quarter. Blue Trust Inc.’s holdings in Plains All American Pipeline were worth $32,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PAA. Farther Finance Advisors LLC lifted its position in shares of Plains All American Pipeline by 107.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 657 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Plains All American Pipeline by 61.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,070 shares of the pipeline company’s stock valued at $1,521,000 after acquiring an additional 28,916 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Plains All American Pipeline in the 1st quarter valued at approximately $302,000. Advisor Resource Council purchased a new stake in shares of Plains All American Pipeline in the 1st quarter valued at approximately $291,000. Finally, PFG Investments LLC lifted its position in shares of Plains All American Pipeline by 21.0% in the 1st quarter. PFG Investments LLC now owns 54,624 shares of the pipeline company’s stock valued at $1,092,000 after acquiring an additional 9,473 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

Shares of PAA opened at $15.92 on Friday. The company’s fifty day moving average is $17.19 and its 200-day moving average is $17.52. Plains All American Pipeline, L.P. has a 12 month low of $15.57 and a 12 month high of $21.00. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 21.81 and a beta of 0.72. 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 announced its quarterly earnings results on Friday, August 8th. The pipeline company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. Equities analysts expect that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $0.38 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.52 dividend on an annualized basis and a yield of 9.5%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 172.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PAA shares. UBS Group set a $25.00 price target on shares of Plains All American Pipeline and gave the company a “buy” rating in a research report on Tuesday, July 15th. Zacks Research upgraded shares of Plains All American Pipeline to a “hold” rating in a research report on Monday, August 11th. Scotiabank reiterated an “outperform” rating on shares of Plains All American Pipeline in a research report on Monday, September 8th. Wolfe Research reiterated a “peer perform” rating on shares of Plains All American Pipeline in a research report on Friday, July 25th. Finally, Citigroup set a $18.00 target price on shares of Plains All American Pipeline and gave the stock a “neutral” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Plains All American Pipeline presently has a consensus rating of “Hold” and a consensus price target of $20.73.

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.