Northern Trust Corp Has $19.75 Million Stock Holdings in Plains All American Pipeline, L.P. $PAA

Northern Trust Corp raised its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 89.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 987,252 shares of the pipeline company's stock after buying an additional 466,991 shares during the quarter. Northern Trust Corp owned 0.14% of Plains All American Pipeline worth $19,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAA. 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. North Capital Inc. bought a new stake in Plains All American Pipeline in the 1st quarter valued at $61,000. National Bank of Canada FI increased its holdings in Plains All American Pipeline by 99.4% in the 1st quarter. National Bank of Canada FI now owns 3,210 shares of the pipeline company's stock valued at $64,000 after buying an additional 1,600 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in shares of Plains All American Pipeline in the 1st quarter valued at approximately $68,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Plains All American Pipeline in the 1st quarter valued at approximately $71,000. Institutional investors own 41.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. set a $20.00 price objective on Plains All American Pipeline in a research note on Friday, August 8th. Zacks Research upgraded Plains All American Pipeline to a "hold" rating in a research note on Monday, August 11th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. Citigroup set a $18.00 target price on shares of Plains All American Pipeline and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Scotiabank lowered their target price on shares of Plains All American Pipeline from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Plains All American Pipeline presently has an average rating of "Hold" and a consensus target price of $20.42.

Plains All American Pipeline Price Performance

Shares of PAA traded down $0.25 during trading hours on Friday, hitting $17.19. The stock had a trading volume of 4,170,233 shares, compared to its average volume of 3,529,698. The company's fifty day moving average is $18.14 and its two-hundred day moving average is $18.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. Plains All American Pipeline, L.P. has a 52 week low of $15.57 and a 52 week high of $21.00. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 23.58 and a beta of 0.80.

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

Plains All American Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were given a dividend of $0.38 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.52 annualized dividend and a yield of 8.8%. Plains All American Pipeline's dividend payout ratio is 172.73%.

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.