MONECO Advisors LLC Purchases New Shares in Plains All American Pipeline, L.P. (NYSE:PAA)

MONECO Advisors LLC acquired a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 66,526 shares of the pipeline company's stock, valued at approximately $1,008,000.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Plains All American Pipeline by 86.7% in the fourth quarter. Van ECK Associates Corp now owns 126,951 shares of the pipeline company's stock valued at $1,923,000 after purchasing an additional 58,954 shares during the period. Choreo LLC purchased a new position in shares of Plains All American Pipeline in the fourth quarter valued at $220,000. Lindbrook Capital LLC boosted its stake in shares of Plains All American Pipeline by 112.5% in the fourth quarter. Lindbrook Capital LLC now owns 80,662 shares of the pipeline company's stock valued at $1,222,000 after purchasing an additional 42,700 shares during the period. GraniteShares Advisors LLC purchased a new position in shares of Plains All American Pipeline in the fourth quarter valued at $909,000. Finally, Capital Advisors Inc. OK purchased a new position in shares of Plains All American Pipeline in the fourth quarter valued at $4,234,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline Price Performance

Shares of NYSE:PAA traded down $0.30 during trading hours on Wednesday, hitting $16.93. 4,181,611 shares of the company's stock traded hands, compared to its average volume of 3,434,915. Plains All American Pipeline, L.P. has a 52 week low of $12.07 and a 52 week high of $19.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.98. The company's fifty day simple moving average is $17.33 and its two-hundred day simple moving average is $16.12. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 12.18 and a beta of 1.59.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the firm posted $0.33 EPS. The business's revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Plains All American Pipeline, L.P. will post 1.34 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.3175 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.27 annualized dividend and a dividend yield of 7.50%. Plains All American Pipeline's dividend payout ratio (DPR) is 91.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Plains All American Pipeline from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Plains All American Pipeline from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 24th. Scotiabank assumed coverage on shares of Plains All American Pipeline in a research report on Monday, April 8th. They set a "sector outperform" rating and a $23.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the stock a "sell" rating in a research report on Friday, April 12th. Finally, Citigroup upped their price target on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Plains All American Pipeline presently has a consensus rating of "Moderate Buy" and an average target price of $18.96.

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.