Susquehanna Fundamental Investments LLC Invests $7.33 Million in Plains All American Pipeline, L.P. (NYSE:PAA)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 429,132 shares of the pipeline company's stock, valued at approximately $7,330,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Plains All American Pipeline at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Plains All American Pipeline during the 3rd quarter worth approximately $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Plains All American Pipeline in the fourth quarter valued at $27,000. National Bank of Canada FI bought a new position in shares of Plains All American Pipeline in the fourth quarter valued at about $27,000. Jones Financial Companies Lllp lifted its stake in shares of Plains All American Pipeline by 1,684.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after buying an additional 3,368 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Plains All American Pipeline in the 4th quarter valued at about $97,000. Institutional investors own 41.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PAA. Raymond James raised their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 28th. Barclays cut their price target on Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Wolfe Research upgraded shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research report on Friday, January 10th. Morgan Stanley upped their target price on Plains All American Pipeline from $19.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, March 25th. Finally, Scotiabank cut their target price on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Plains All American Pipeline has a consensus rating of "Hold" and an average target price of $20.36.

Plains All American Pipeline Price Performance

NYSE:PAA traded down $0.75 during trading hours on Thursday, hitting $16.71. 5,337,317 shares of the company's stock traded hands, compared to its average volume of 3,065,463. The business's fifty day simple moving average is $18.80 and its two-hundred day simple moving average is $18.45. Plains All American Pipeline, L.P. has a 52 week low of $15.58 and a 52 week high of $21.00. The firm has a market cap of $11.76 billion, a P/E ratio of 22.89 and a beta of 1.17. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 208.22%.

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.