Clarus Group Inc. Has $1.56 Million Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Clarus Group Inc. boosted its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 30.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,527 shares of the pipeline company’s stock after buying an additional 21,400 shares during the period. Plains All American Pipeline makes up about 0.6% of Clarus Group Inc.’s portfolio, making the stock its 22nd largest position. Clarus Group Inc.’s holdings in Plains All American Pipeline were worth $1,563,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Plains All American Pipeline by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 7,221,571 shares of the pipeline company’s stock worth $125,439,000 after buying an additional 2,677,951 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Plains All American Pipeline by 48.9% in the third quarter. Citigroup Inc. now owns 3,428,897 shares of the pipeline company’s stock valued at $59,560,000 after purchasing an additional 1,125,386 shares during the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of Plains All American Pipeline by 1.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 2,610,872 shares of the pipeline company’s stock valued at $44,594,000 after purchasing an additional 38,062 shares during the last quarter. Barclays PLC raised its holdings in shares of Plains All American Pipeline by 1.6% in the third quarter. Barclays PLC now owns 2,008,321 shares of the pipeline company’s stock valued at $34,885,000 after purchasing an additional 32,061 shares during the last quarter. Finally, ING Groep NV raised its holdings in shares of Plains All American Pipeline by 29.1% in the third quarter. ING Groep NV now owns 1,321,937 shares of the pipeline company’s stock valued at $22,962,000 after purchasing an additional 297,937 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

Shares of NYSE:PAA opened at $19.75 on Tuesday. 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 firm has a market capitalization of $13.90 billion, a PE ratio of 13.25 and a beta of 1.65. Plains All American Pipeline, L.P. has a twelve month low of $15.45 and a twelve month high of $21.00. The company has a 50-day moving average price of $18.62 and a two-hundred day moving average price of $17.89.

Plains All American Pipeline (NYSE:PAA) last issued 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 company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. Equities analysts forecast that Plains All American Pipeline, L.P. will post 1.56 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. Shareholders of record on Friday, January 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 135.71%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PAA shares. Raymond James increased their target price 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, January 28th. Bank of America started coverage on shares of Plains All American Pipeline in a report 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 lowered their target price for the company from $22.00 to $19.00 in a report on Friday, October 25th. Barclays increased their target price 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. Finally, Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.21.

About Plains All American Pipeline

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.