NBW Capital LLC Has $13.11 Million Position in Plains All American Pipeline, L.P. (NYSE:PAA)

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%.

NBW Capital LLC boosted its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 655,601 shares of the pipeline company's stock after purchasing an additional 23,113 shares during the quarter. Plains All American Pipeline comprises 2.9% of NBW Capital LLC's holdings, making the stock its 10th largest holding. NBW Capital LLC owned 0.09% of Plains All American Pipeline worth $13,112,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PAA. Farther Finance Advisors LLC grew its position in 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 worth $26,000 after acquiring an additional 657 shares during the last quarter. National Bank of Canada FI purchased a new position in Plains All American Pipeline during the 4th quarter valued at $27,000. North Capital Inc. purchased a new stake in shares of Plains All American Pipeline in the 1st quarter worth $61,000. Creative Financial Designs Inc. ADV bought a new position in shares of Plains All American Pipeline in the 1st quarter worth $68,000. Finally, Cheviot Value Management LLC bought a new position in shares of Plains All American Pipeline in the 1st quarter worth $71,000. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Stock Down 0.6%

Plains All American Pipeline stock traded down $0.11 during mid-day trading on Tuesday, reaching $17.61. The company's stock had a trading volume of 1,257,395 shares, compared to its average volume of 3,589,562. The business's 50 day simple moving average is $18.21 and its 200 day simple moving average is $18.45. Plains All American Pipeline, L.P. has a 12 month low of $15.57 and a 12 month high of $21.00. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 24.13 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The pipeline company reported $0.36 earnings per share for the quarter, topping 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 firm's quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, research analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a $0.38 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.6%. Plains All American Pipeline's payout ratio is 172.73%.

Analyst Ratings Changes

PAA has been the topic of a number of research reports. Mizuho set a $22.00 price objective on Plains All American Pipeline and gave the company an "outperform" rating in a report on Wednesday, June 18th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Wolfe Research restated a "peer perform" rating on shares of Plains All American Pipeline in a research report on Friday, July 25th. Barclays reaffirmed an "underweight" rating on shares of Plains All American Pipeline in a report on Friday. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Plains All American Pipeline in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.75.

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.