Advisor Resource Council Makes New $181,000 Investment in Plains All American Pipeline, L.P. (NYSE:PAA)

Advisor Resource Council purchased a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAAFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,947 shares of the pipeline company’s stock, valued at approximately $181,000.

A number of other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of Plains All American Pipeline during the first quarter worth approximately $28,000. CENTRAL TRUST Co lifted its position in shares of Plains All American Pipeline by 212.5% during the 3rd quarter. CENTRAL TRUST Co now owns 2,500 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,700 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Plains All American Pipeline during the fourth quarter worth $39,000. International Assets Investment Management LLC acquired a new position in shares of Plains All American Pipeline during the third quarter worth $57,000. Finally, Briaud Financial Planning Inc acquired a new stake in Plains All American Pipeline in the third quarter valued at $58,000. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PAA. Truist Financial boosted their target price on Plains All American Pipeline from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. StockNews.com raised shares of Plains All American Pipeline from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Citigroup boosted their price target on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the company a “neutral” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Plains All American Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of $17.56.

View Our Latest Report on Plains All American Pipeline

Plains All American Pipeline Price Performance

PAA stock opened at $17.16 on Tuesday. Plains All American Pipeline, L.P. has a 1 year low of $11.60 and a 1 year high of $17.42. 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 stock’s 50 day moving average price is $16.17 and its 200 day moving average price is $15.60. The firm has a market cap of $12.03 billion, a P/E ratio of 12.35 and a beta of 1.59.

Plains All American Pipeline (NYSE:PAAGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. Plains All American Pipeline had a return on equity of 10.48% and a net margin of 2.39%. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Plains All American Pipeline, L.P. will post 1.24 earnings per share for the current fiscal year.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date was Tuesday, January 30th. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.27. Plains All American Pipeline’s dividend payout ratio is currently 91.37%.

Plains All American Pipeline Company Profile

(Free Report)

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

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