14,561 Shares in Plains All American Pipeline, L.P. (NYSE:PAA) Acquired by Advisor Resource Council

Advisor Resource Council purchased a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,561 shares of the pipeline company's stock, valued at approximately $291,000.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Plains All American Pipeline by 107.0% during 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 acquired a new position in shares of Plains All American Pipeline in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its position in shares of Plains All American Pipeline by 1,684.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after acquiring an additional 3,368 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Plains All American Pipeline during the fourth quarter worth $97,000. Finally, Rothschild Investment LLC raised its holdings in shares of 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 acquiring an additional 3,800 shares during the period. Institutional investors own 41.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PAA. Scotiabank lowered their target price on Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating for the company in a report on Thursday, June 5th. Wells Fargo & Company cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. Raymond James Financial reissued a "strong-buy" rating on shares of Plains All American Pipeline in a research report on Friday, May 9th. Mizuho set a $22.00 target price on Plains All American Pipeline and gave the company an "outperform" rating in a research note on Wednesday, June 18th. Finally, Wall Street Zen raised shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.50.

Plains All American Pipeline Stock Down 0.9%

Shares of Plains All American Pipeline stock traded down $0.17 on Wednesday, reaching $17.95. 5,284,660 shares of the company were exchanged, compared to its average volume of 3,240,528. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 24.59 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a one year low of $15.58 and a one year high of $21.00. The company has a 50-day moving average of $17.36 and a 200 day moving average of $18.40.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%. During the same quarter in the prior year, the business earned $0.41 EPS. Plains All American Pipeline's quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend was Thursday, May 1st. Plains All American Pipeline's payout ratio is currently 163.44%.

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.