Advisor Resource Council acquired a new stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,561 shares of the pipeline company's stock, valued at approximately $291,000.
Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in 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 worth $26,000 after purchasing an additional 657 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Plains All American Pipeline in the fourth quarter worth $27,000. Jones Financial Companies Lllp raised its position in shares of Plains All American Pipeline by 1,684.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after buying an additional 3,368 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in Plains All American Pipeline during the fourth quarter valued at $97,000. Finally, Rothschild Investment LLC grew its position in Plains All American Pipeline by 66.7% during the fourth quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company's stock worth $162,000 after buying an additional 3,800 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
PAA remained flat at $18.26 on Friday. The company had a trading volume of 1,531,490 shares, compared to its average volume of 3,229,805. 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 stock's 50 day moving average price is $17.37 and its two-hundred day moving average price is $18.41. The company has a market capitalization of $12.84 billion, a PE ratio of 25.01 and a beta of 0.66. Plains All American Pipeline, L.P. has a fifty-two week low of $15.58 and a fifty-two week high of $21.00.
Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same period in the previous year, the business posted $0.41 EPS. Plains All American Pipeline's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.
Plains All American Pipeline Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date of this dividend was Thursday, May 1st. Plains All American Pipeline's payout ratio is 163.44%.
Wall Street Analyst Weigh In
PAA has been the topic of several recent analyst reports. Mizuho set a $22.00 price target on Plains All American Pipeline and gave the company an "outperform" rating in a report on Wednesday, June 18th. Morgan Stanley reissued an "equal weight" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. Royal Bank Of Canada restated a "sector perform" rating and set a $20.00 price objective on shares of Plains All American Pipeline in a research report on Friday, May 16th. Raymond James Financial reiterated a "strong-buy" rating on shares of Plains All American Pipeline in a research report on Friday, May 9th. Finally, Citigroup reduced their target price on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.50.
Check Out Our Latest Report on Plains All American Pipeline
Plains All American Pipeline Company Profile
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Free Report)
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.
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