15,665 Shares in Plains All American Pipeline, L.P. (NYSE:PAA) Acquired by Fullcircle Wealth LLC

Fullcircle Wealth LLC purchased a new position 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 and Exchange Commission (SEC). The firm purchased 15,665 shares of the pipeline company's stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in shares of 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. National Bank of Canada FI bought a new position in Plains All American Pipeline in the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp grew its stake in 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 valued at $61,000 after acquiring an additional 3,368 shares during the period. North Capital Inc. bought a new stake in shares of Plains All American Pipeline during the first quarter valued at approximately $61,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of Plains All American Pipeline during the first quarter worth approximately $68,000. 41.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PAA shares. 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 report on Friday, May 16th. Mizuho set a $22.00 price target on shares of Plains All American Pipeline and gave the company an "outperform" rating in a research report on Wednesday, June 18th. Morgan Stanley reissued an "equal weight" rating and set a $23.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 9th. JPMorgan Chase & Co. raised their target price on Plains All American Pipeline from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Finally, Barclays reiterated an "underweight" rating and set a $18.00 price target on shares of Plains All American Pipeline in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.36.

Plains All American Pipeline Stock Performance

Shares of NYSE PAA traded up $0.10 during mid-day trading on Friday, reaching $18.86. 507,163 shares of the company's stock were exchanged, compared to its average volume of 3,229,924. Plains All American Pipeline, L.P. has a 52 week low of $15.58 and a 52 week high of $21.00. The firm has a 50-day moving average price of $17.50 and a two-hundred day moving average price of $18.47. 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 capitalization of $13.26 billion, a price-to-earnings ratio of 25.82 and a beta of 0.68.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results 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 quarter in the prior year, the company earned $0.41 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Plains All American Pipeline, L.P. will post 1.52 EPS for the current year.

Plains All American Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend is Thursday, July 31st. Plains All American Pipeline's dividend payout ratio (DPR) is currently 163.44%.

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.