Bollard Group LLC Boosts Holdings in Plains All American Pipeline, L.P. $PAA

Bollard Group LLC grew its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,131,158 shares of the pipeline company’s stock after buying an additional 132,008 shares during the quarter. Plains All American Pipeline accounts for 0.5% of Bollard Group LLC’s investment portfolio, making the stock its 26th largest holding. Bollard Group LLC owned 0.16% of Plains All American Pipeline worth $20,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blair William & Co. IL raised its holdings in Plains All American Pipeline by 13.3% during the first quarter. Blair William & Co. IL now owns 24,878 shares of the pipeline company’s stock worth $498,000 after purchasing an additional 2,913 shares in the last quarter. National Bank of Canada FI boosted its holdings in Plains All American Pipeline by 99.4% in the 1st quarter. National Bank of Canada FI now owns 3,210 shares of the pipeline company’s stock valued at $64,000 after purchasing an additional 1,600 shares in the last quarter. Townsquare Capital LLC increased its position in Plains All American Pipeline by 14.2% during the 1st quarter. Townsquare Capital LLC now owns 16,155 shares of the pipeline company’s stock worth $323,000 after purchasing an additional 2,011 shares during the period. Invesco Ltd. raised its stake in shares of Plains All American Pipeline by 6.4% during the 1st quarter. Invesco Ltd. now owns 29,599,382 shares of the pipeline company’s stock worth $591,988,000 after buying an additional 1,771,452 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Plains All American Pipeline during the 1st quarter worth approximately $235,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Down 0.2%

Shares of PAA opened at $17.73 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $16.77 and a 200-day simple moving average of $17.44. The stock has a market cap of $12.51 billion, a price-to-earnings ratio of 24.29 and a beta of 0.59. Plains All American Pipeline, L.P. has a 1-year low of $15.57 and a 1-year high of $21.00.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities analysts forecast that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a dividend of $0.38 per share. The ex-dividend date was Friday, October 31st. This represents a $1.52 dividend on an annualized basis and a yield of 8.6%. Plains All American Pipeline’s dividend payout ratio (DPR) is 125.62%.

Analyst Ratings Changes

A number of research analysts recently weighed in on PAA shares. JPMorgan Chase & Co. dropped their price objective on Plains All American Pipeline from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, September 18th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $22.00 price target (down from $24.00) on shares of Plains All American Pipeline in a research note on Friday, October 24th. Barclays reduced their price objective on shares of Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, October 7th. Morgan Stanley upped their target price on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Zacks Research upgraded shares of Plains All American Pipeline to a “hold” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.55.

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.