Plains All American Pipeline, L.P. $PAA Shares Bought by Stephens Inc. AR

Key Points

• Stephens Inc. AR increased its stake in Plains All American Pipeline by 19.5%, owning 111,785 shares valued at approximately $2,048,000 after purchasing an additional 18,247 shares in Q2.
• The company announced a quarterly dividend of $0.38, with a yield of 9.2%, to be paid on November 14, while its dividend payout ratio stands at 172.73%.
• Analysts have mixed ratings for Plains All American Pipeline, with an average target price of $20.73 and several firms adjusting their price targets between $17.00 and $25.00.

Stephens Inc. AR boosted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,785 shares of the pipeline company's stock after buying an additional 18,247 shares during the quarter. Stephens Inc. AR's holdings in Plains All American Pipeline were worth $2,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Plains All American Pipeline by 107.0% during the first 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. Blue Trust Inc. lifted its stake in shares of Plains All American Pipeline by 76.1% in the second quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company's stock worth $32,000 after buying an additional 761 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Plains All American Pipeline during the second quarter worth about $40,000. Atwood & Palmer Inc. purchased a new position in Plains All American Pipeline during the second quarter worth about $42,000. Finally, Ameritas Advisory Services LLC purchased a new position in Plains All American Pipeline during the second quarter worth about $58,000. Institutional investors and hedge funds own 41.78% of the company's stock.

Analyst Ratings Changes

PAA has been the subject of a number of recent analyst reports. Citigroup set a $18.00 price target on shares of Plains All American Pipeline and gave the company a "neutral" rating in a research report on Friday, August 8th. UBS Group set a $25.00 price target on shares of Plains All American Pipeline and gave the stock a "buy" rating in a report on Tuesday, July 15th. Zacks Research upgraded shares of Plains All American Pipeline to a "hold" rating in a research report on Monday, August 11th. Barclays reduced their price target on shares of Plains All American Pipeline from $18.00 to $17.00 and set an "underweight" rating for the company in a research report on Tuesday, October 7th. Finally, Morgan Stanley reduced their price target on shares of Plains All American Pipeline from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Plains All American Pipeline currently has an average rating of "Hold" and an average target price of $20.73.

Plains All American Pipeline Price Performance

Shares of NYSE PAA opened at $16.51 on Thursday. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 22.62 and a beta of 0.72. 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's 50-day moving average price is $17.11 and its 200 day moving average price is $17.48. Plains All American Pipeline, L.P. has a 52 week low of $15.57 and a 52 week high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results on Friday, August 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 was down 16.6% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. As a group, research analysts forecast that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Friday, October 31st. 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.

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