Vident Investment Advisory LLC Grows Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Vident Investment Advisory LLC lifted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAAGet Rating) by 7.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 396,731 shares of the pipeline company’s stock after buying an additional 27,898 shares during the quarter. Vident Investment Advisory LLC owned approximately 0.06% of Plains All American Pipeline worth $4,269,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. City State Bank purchased a new stake in Plains All American Pipeline in the 4th quarter worth $28,000. Farmers & Merchants Investments Inc. purchased a new stake in Plains All American Pipeline in the 1st quarter worth $34,000. Confluence Wealth Services Inc. purchased a new stake in Plains All American Pipeline in the 4th quarter worth $37,000. TCI Wealth Advisors Inc. purchased a new stake in Plains All American Pipeline in the 1st quarter worth $39,000. Finally, Interactive Financial Advisors purchased a new stake in Plains All American Pipeline in the 1st quarter worth $50,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Insiders Place Their Bets

In other Plains All American Pipeline news, Director Kevin S. Mccarthy purchased 200,000 shares of the stock in a transaction dated Thursday, June 23rd. The stock was purchased at an average price of $9.81 per share, with a total value of $1,962,000.00. Following the transaction, the director now owns 200,000 shares of the company’s stock, valued at $1,962,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PAA. Royal Bank of Canada boosted their price target on shares of Plains All American Pipeline from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 17th. Seaport Res Ptn upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, August 1st. TD Securities boosted their target price on shares of Plains All American Pipeline from $14.00 to $14.50 and gave the stock a “buy” rating in a report on Thursday, August 4th. Barclays boosted their target price on shares of Plains All American Pipeline from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 16th. Finally, Stifel Nicolaus upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a report on Sunday, August 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Plains All American Pipeline currently has an average rating of “Moderate Buy” and an average price target of $14.38.

Plains All American Pipeline Price Performance

Shares of PAA stock opened at $11.95 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.97 and a quick ratio of 0.89. The company has a market capitalization of $8.43 billion, a P/E ratio of 14.57 and a beta of 1.73. The company’s 50-day simple moving average is $11.13 and its two-hundred day simple moving average is $10.93. Plains All American Pipeline, L.P. has a one year low of $8.64 and a one year high of $12.57.

Plains All American Pipeline (NYSE:PAAGet Rating) last issued its earnings results on Wednesday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. Plains All American Pipeline had a net margin of 1.36% and a return on equity of 9.50%. During the same period in the prior year, the company posted $0.23 EPS. As a group, equities analysts anticipate that Plains All American Pipeline, L.P. will post 1.1 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were paid a $0.2175 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.87 dividend on an annualized basis and a yield of 7.28%. Plains All American Pipeline’s dividend payout ratio is currently 106.10%.

Plains All American Pipeline Company Profile

(Get Rating)

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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