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Plains All American Pipeline, L.P. (NYSE:PAA) Stake Boosted by NBW Capital LLC

Plains All American Pipeline logo with Energy background

Key Points

  • NBW Capital LLC increased its stake in Plains All American Pipeline by 3.7%, acquiring an additional 23,113 shares, and now owns a total of 655,601 shares valued at approximately $13.1 million.
  • Analysts have set a range of price targets for Plains All American Pipeline, with the consensus rating being "Hold" and an average target price of $20.75.
  • The company announced a quarterly dividend of $0.38 per share, which results in an annualized yield of 8.5% despite a high dividend payout ratio of 163.44%.
  • Want stock alerts on Plains All American Pipeline? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

NBW Capital LLC grew its position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 655,601 shares of the pipeline company's stock after acquiring an additional 23,113 shares during the quarter. Plains All American Pipeline makes up approximately 2.9% of NBW Capital LLC's holdings, making the stock its 10th largest position. NBW Capital LLC owned 0.09% of Plains All American Pipeline worth $13,112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Plains All American Pipeline by 107.0% in the first 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 acquired a new position in shares of Plains All American Pipeline during the fourth quarter valued at $27,000. North Capital Inc. acquired a new stake in shares of Plains All American Pipeline in the 1st quarter worth about $61,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Plains All American Pipeline in the 1st quarter worth about $68,000. Finally, Cheviot Value Management LLC bought a new stake in Plains All American Pipeline in the 1st quarter valued at about $71,000. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Trading Down 0.1%

Shares of Plains All American Pipeline stock traded down $0.01 during trading on Friday, hitting $17.86. The stock had a trading volume of 4,852,367 shares, compared to its average volume of 3,605,680. Plains All American Pipeline, L.P. has a 1 year low of $15.57 and a 1 year high of $21.00. The stock has a 50 day simple moving average of $18.19 and a 200 day simple moving average of $18.49. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $12.56 billion, a PE ratio of 24.47 and a beta of 0.73.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its earnings results on Friday, August 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The business's revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. On average, research analysts expect that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Thursday, July 31st. Plains All American Pipeline's payout ratio is 163.44%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PAA. Wall Street Zen upgraded shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. UBS Group set a $25.00 price objective on Plains All American Pipeline and gave the stock a "buy" rating in a report on Tuesday, July 15th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Plains All American Pipeline in a research note on Friday. Scotiabank decreased their price target on Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 5th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Plains All American Pipeline in a report on Friday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $20.75.

Get Our Latest Stock Report on PAA

Plains All American Pipeline Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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