Naviter Wealth LLC Acquires Shares of 14,413 Plains All American Pipeline, L.P. (NYSE:PAA)

Naviter Wealth LLC purchased a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,413 shares of the pipeline company's stock, valued at approximately $291,000.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of 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 valued at $26,000 after acquiring an additional 657 shares during the period. National Bank of Canada FI bought a new stake in shares of Plains All American Pipeline during the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV bought a new stake in Plains All American Pipeline during the 1st quarter worth approximately $68,000. 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. Finally, CoreFirst Bank & Trust bought a new stake in shares of Plains All American Pipeline during the 4th quarter valued at about $97,000. Institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Stock Performance

Shares of PAA traded up $0.04 during mid-day trading on Thursday, hitting $18.43. 1,511,746 shares of the company traded hands, compared to its average volume of 3,806,918. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 25.25 and a beta of 0.66. 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 stock has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $18.42. Plains All American Pipeline, L.P. has a 1 year low of $15.57 and a 1 year high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.39 earnings per share 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 firm posted $0.41 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.25%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 163.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PAA. JPMorgan Chase & Co. increased their price objective on Plains All American Pipeline from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. UBS Group reissued a "buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. 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. Royal Bank Of Canada reissued 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. Finally, Scotiabank cut their price target on Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.36.

Plains All American Pipeline 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.