Blair William & Co. IL Has $778,000 Stock Holdings in Plains All American Pipeline, L.P. $PAA

Key Points

• Blair William & Co. IL increased its stake in Plains All American Pipeline, L.P. by 70.6%, holding a total of 42,440 shares valued at $778,000.
• Plains All American Pipeline recently announced a quarterly dividend of $0.38 per share, providing a 9.5% yield to shareholders.
• Analyst ratings for Plains All American Pipeline include one Strong Buy, three Buy, and seven Hold ratings, with an average price target of $20.73.

Blair William & Co. IL lifted its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 70.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 42,440 shares of the pipeline company's stock after buying an additional 17,562 shares during the quarter. Blair William & Co. IL's holdings in Plains All American Pipeline were worth $778,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings 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 valued at $26,000 after buying an additional 657 shares during the period. HB Wealth Management LLC grew its holdings in shares of Plains All American Pipeline by 5.2% during the 2nd quarter. HB Wealth Management LLC now owns 15,247 shares of the pipeline company's stock valued at $279,000 after purchasing an additional 748 shares during the last quarter. Prossimo Advisors LLC grew its holdings in shares of Plains All American Pipeline by 6.6% during the 1st quarter. Prossimo Advisors LLC now owns 12,343 shares of the pipeline company's stock valued at $247,000 after purchasing an additional 764 shares during the last quarter. Financial Sense Advisors Inc. grew its holdings in shares of Plains All American Pipeline by 4.8% during the 1st quarter. Financial Sense Advisors Inc. now owns 16,793 shares of the pipeline company's stock valued at $336,000 after purchasing an additional 766 shares during the last quarter. Finally, Clarus Group Inc. grew its holdings in shares of Plains All American Pipeline by 0.9% during the 2nd quarter. Clarus Group Inc. now owns 93,131 shares of the pipeline company's stock valued at $1,706,000 after purchasing an additional 801 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PAA shares. Barclays decreased their price target on shares of Plains All American Pipeline from $18.00 to $17.00 and set an "underweight" rating on the stock in a report on Tuesday, October 7th. Scotiabank reaffirmed an "outperform" rating on shares of Plains All American Pipeline in a report on Monday, September 8th. JPMorgan Chase & Co. decreased their price target on shares of Plains All American Pipeline from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, September 18th. Zacks Research raised shares of Plains All American Pipeline to a "hold" rating in a report on Monday, August 11th. Finally, Morgan Stanley decreased their price target on shares of Plains All American Pipeline from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Plains All American Pipeline currently has an average rating of "Hold" and a consensus price target of $20.73.

Plains All American Pipeline Stock Down 1.1%

Shares of NYSE PAA opened at $15.92 on Friday. The company has a market capitalization of $11.20 billion, a P/E ratio of 21.81 and a beta of 0.72. Plains All American Pipeline, L.P. has a 52-week low of $15.57 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company's 50 day moving average price is $17.23 and its 200-day moving average price is $17.56.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results on Friday, August 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm's quarterly revenue was down 16.6% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.52 annualized dividend and a yield of 9.5%. Plains All American Pipeline's dividend payout ratio is 172.73%.

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.

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