Barclays PLC Has $37.55 Million Stock Holdings in Plains All American Pipeline, L.P. $PAA

Key Points

• Barclays PLC increased its stake in Plains All American Pipeline by 2.8% in Q3 to 2,201,285 shares worth $37.55 million, representing about 0.31% of the company.
• Plains reported quarterly EPS of $0.17 versus $0.50 expected and revenue down 12.2% year‑over‑year, yet it raised the quarterly dividend to $0.4175 (annualized $1.67) for a 7.9% yield
• Analyst sentiment is mixed — the consensus rating is Hold with an average price target of $21.50, and individual ratings range from Strong Buy to Sell.

Barclays PLC raised its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,201,285 shares of the pipeline company's stock after acquiring an additional 59,392 shares during the period. Barclays PLC owned approximately 0.31% of Plains All American Pipeline worth $37,554,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PAA. Mather Group LLC. bought a new stake in Plains All American Pipeline in the third quarter valued at about $33,000. Caldwell Trust Co bought a new position in Plains All American Pipeline during the third quarter worth about $38,000. Global Retirement Partners LLC grew its position in shares of Plains All American Pipeline by 468.7% during the 3rd quarter. Global Retirement Partners LLC now owns 2,582 shares of the pipeline company's stock worth $44,000 after buying an additional 2,128 shares during the period. Fifth Third Bancorp grew its position in shares of Plains All American Pipeline by 257.3% during the 3rd quarter. Fifth Third Bancorp now owns 4,256 shares of the pipeline company's stock worth $73,000 after buying an additional 3,065 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Plains All American Pipeline by 93.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,232 shares of the pipeline company's stock valued at $78,000 after acquiring an additional 2,041 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on PAA. Bank of America lowered shares of Plains All American Pipeline from a "neutral" rating to an "underperform" rating and set a $19.00 price objective on the stock. in a research note on Wednesday, January 28th. Scotiabank reaffirmed an "outperform" rating on shares of Plains All American Pipeline in a research note on Monday, February 9th. Stifel Nicolaus increased their target price on shares of Plains All American Pipeline from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank Of Canada lifted their price target on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 17th. Finally, Barclays boosted their price target on shares of Plains All American Pipeline from $17.00 to $18.00 and gave the company an "underweight" rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Plains All American Pipeline currently has a consensus rating of "Hold" and an average price target of $21.50.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock opened at $21.08 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 firm has a market cap of $14.87 billion, a price-to-earnings ratio of 28.88 and a beta of 0.59. The stock's 50-day moving average is $19.76 and its 200-day moving average is $18.05. Plains All American Pipeline, L.P. has a one year low of $15.57 and a one year high of $22.29.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.The firm's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Equities analysts predict that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a dividend of $0.4175 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.67 annualized dividend and a dividend yield of 7.9%. This is an increase from Plains All American Pipeline's previous quarterly dividend of $0.38. Plains All American Pipeline's dividend payout ratio (DPR) is 100.60%.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. NYSE: PAA is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership's integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American's services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.

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