Farther Finance Advisors LLC Buys 657 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Farther Finance Advisors LLC boosted its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 107.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,271 shares of the pipeline company’s stock after purchasing an additional 657 shares during the quarter. Farther Finance Advisors LLC’s holdings in Plains All American Pipeline were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. boosted its holdings in Plains All American Pipeline by 65.0% in the first quarter. UMB Bank n.a. now owns 38,552 shares of the pipeline company’s stock worth $771,000 after acquiring an additional 15,189 shares in the last quarter. Secure Asset Management LLC boosted its holdings in Plains All American Pipeline by 8.3% in the first quarter. Secure Asset Management LLC now owns 15,773 shares of the pipeline company’s stock worth $315,000 after acquiring an additional 1,205 shares in the last quarter. Wealth Alliance Advisory Group LLC boosted its holdings in Plains All American Pipeline by 3.2% in the first quarter. Wealth Alliance Advisory Group LLC now owns 93,222 shares of the pipeline company’s stock worth $1,864,000 after acquiring an additional 2,872 shares in the last quarter. Rothschild Investment LLC boosted its holdings in Plains All American Pipeline by 13.5% in the first quarter. Rothschild Investment LLC now owns 10,780 shares of the pipeline company’s stock worth $216,000 after acquiring an additional 1,280 shares in the last quarter. Finally, Walnut Private Equity Partners LLC acquired a new stake in Plains All American Pipeline in the first quarter worth about $10,500,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Analyst Ratings Changes

PAA has been the subject of several recent analyst reports. Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating in a report on Friday, May 9th. Raymond James Financial reissued a “strong-buy” rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Scotiabank lowered their price target on Plains All American Pipeline from $20.00 to $19.00 and set a “sector outperform” rating for the company in a report on Thursday, June 5th. Wall Street Zen upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Finally, UBS Group restated a “buy” rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.50.

Plains All American Pipeline Stock Down 0.9%

Plains All American Pipeline stock opened at $17.95 on Thursday. The stock has a market capitalization of $12.62 billion, a PE ratio of 24.59 and a beta of 0.66. Plains All American Pipeline, L.P. has a 12 month low of $15.58 and a 12 month high of $21.00. The business has a 50 day simple moving average of $17.36 and a 200-day simple moving average of $18.40. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date was Thursday, May 1st. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 163.44%.

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.