PFG Investments LLC Has $771,000 Position in Plains All American Pipeline, L.P. (NYSE:PAA)

PFG Investments LLC raised its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 47.0% during the fourth quarter, according to the company in its most recent disclosure 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 period. PFG Investments LLC’s holdings in Plains All American Pipeline were worth $771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Plains All American Pipeline in the third quarter valued at about $27,000. Future Financial Wealth Managment LLC acquired a new position in Plains All American Pipeline in the third quarter valued at about $28,000. Sunbelt Securities Inc. boosted its position in Plains All American Pipeline by 53.2% in the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after buying an additional 1,318 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Plains All American Pipeline by 16.3% in 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 in the last quarter. Finally, Avior Wealth Management LLC boosted its position in Plains All American Pipeline by 100.0% in the third quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock valued at $139,000 after buying an additional 4,000 shares in the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Trading Up 1.7 %

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 company has a market cap of $14.44 billion, a price-to-earnings ratio of 18.32 and a beta of 1.64. The firm has a 50 day simple moving average of $18.20 and a 200 day simple moving average of $17.80. Plains All American Pipeline, L.P. has a fifty-two week low of $15.02 and a fifty-two week high of $21.00.

Plains All American Pipeline (NYSE:PAA) last issued its earnings results on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating 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 firm had revenue of $12.74 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that Plains All American Pipeline, L.P. will post 1.17 earnings per share for the current year.

Plains All American Pipeline Increases Dividend

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

Analysts Set New Price Targets

PAA has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Plains All American Pipeline in a research note on Thursday, October 17th. They issued a “neutral” rating and a $18.00 target price for the company. Morgan Stanley 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 $19.00 in a research note on Friday, October 25th. Scotiabank reaffirmed a “sector outperform” rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research note on Friday, January 10th. Wolfe Research raised 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 research note on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Plains All American Pipeline has an average rating of “Hold” and a consensus 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.