Crescent Grove Advisors LLC Boosts Stake in Plains All American Pipeline, L.P. (NYSE:PAA)

Crescent Grove Advisors LLC grew its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 25.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,365 shares of the pipeline company's stock after buying an additional 40,221 shares during the quarter. Crescent Grove Advisors LLC's holdings in Plains All American Pipeline were worth $4,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new stake in Plains All American Pipeline in the 1st quarter worth about $68,000. Sequoia Financial Advisors LLC purchased a new position in shares of Plains All American Pipeline during the first quarter valued at approximately $218,000. Symmetry Partners LLC bought a new position in Plains All American Pipeline during the first quarter valued at approximately $562,000. PBMares Wealth Management LLC lifted its position in Plains All American Pipeline by 6.4% during the first quarter. PBMares Wealth Management LLC now owns 17,952 shares of the pipeline company's stock valued at $359,000 after purchasing an additional 1,078 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Plains All American Pipeline by 5.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 56,334 shares of the pipeline company's stock worth $1,127,000 after purchasing an additional 2,891 shares during the last quarter. Institutional investors own 41.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays reissued an "underweight" rating and set a $18.00 price target on shares of Plains All American Pipeline in a report on Friday, May 9th. JPMorgan Chase & Co. increased 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. Royal Bank Of Canada restated a "sector perform" rating and set a $20.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 16th. Wells Fargo & Company lowered shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. Finally, UBS Group reissued a "buy" rating 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 assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.50.

Plains All American Pipeline Price Performance

Shares of PAA traded down $0.24 during trading hours on Tuesday, reaching $18.08. 2,581,461 shares of the stock traded hands, compared to its average volume of 3,236,543. Plains All American Pipeline, L.P. has a 52-week low of $15.58 and a 52-week high of $21.00. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The company has a market cap of $12.72 billion, a P/E ratio of 24.77 and a beta of 0.66. The company's 50-day moving average price is $17.40 and its two-hundred day moving average price is $18.42.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its quarterly earnings data 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 return on equity of 11.69% and a net margin of 1.54%. During the same period in the prior year, the business posted $0.41 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.52 annualized dividend and a yield of 8.41%. Plains All American Pipeline's payout ratio is 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.