Plains All American Pipeline, L.P. (NYSE:PAA) Stock Position Raised by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV boosted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,100 shares of the pipeline company’s stock after purchasing an additional 854 shares during the period. Eclectic Associates Inc. ADV’s holdings in Plains All American Pipeline were worth $207,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Plains All American Pipeline in the third quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new stake in Plains All American Pipeline in the 3rd quarter worth about $28,000. Sunbelt Securities Inc. grew its stake in Plains All American Pipeline by 53.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after acquiring an additional 1,318 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Plains All American Pipeline by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after purchasing an additional 856 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of 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 worth $139,000 after purchasing an additional 4,000 shares in the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Trading Down 0.9 %

NYSE:PAA opened at $20.39 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $18.08 and its 200-day moving average is $17.79. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 18.21 and a beta of 1.64. Plains All American Pipeline, L.P. has a 12 month low of $15.02 and a 12 month high of $21.00.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $13.09 billion. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.45%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is currently 113.39%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PAA. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Wolfe Research raised shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, January 10th. Morgan Stanley downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $22.00 to $19.00 in a research note on Friday, October 25th. Wells Fargo & Company lowered 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 research report on Wednesday, December 18th. Finally, Bank of America began coverage on Plains All American Pipeline in a report on Thursday, October 17th. They set a “neutral” rating and a $18.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Plains All American Pipeline has a consensus rating of “Hold” and a consensus price target of $19.92.

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.