Caprock Group LLC Invests $718,000 in Plains All American Pipeline, L.P. $PAA

Caprock Group LLC bought a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,902 shares of the pipeline company’s stock, valued at approximately $718,000.

A number of other institutional investors have also bought and sold shares of PAA. Bollard Group LLC boosted its holdings in shares of Plains All American Pipeline by 13.2% during the 2nd quarter. Bollard Group LLC now owns 1,131,158 shares of the pipeline company’s stock valued at $20,723,000 after purchasing an additional 132,008 shares during the last quarter. Stephens Inc. AR grew its holdings in Plains All American Pipeline by 19.5% during the 2nd quarter. Stephens Inc. AR now owns 111,785 shares of the pipeline company’s stock valued at $2,048,000 after buying an additional 18,247 shares in the last quarter. Inspire Investing LLC bought a new stake in Plains All American Pipeline in the 3rd quarter worth approximately $1,045,000. Advisors Asset Management Inc. raised its holdings in shares of Plains All American Pipeline by 16.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 323,590 shares of the pipeline company’s stock worth $5,928,000 after acquiring an additional 46,406 shares in the last quarter. Finally, PFG Investments LLC raised its holdings in shares of Plains All American Pipeline by 91.8% during the 3rd quarter. PFG Investments LLC now owns 130,443 shares of the pipeline company’s stock worth $2,225,000 after acquiring an additional 62,446 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Up 1.9%

Shares of NYSE:PAA opened at $20.15 on Tuesday. The business’s 50 day moving average price is $18.68 and its 200-day moving average price is $17.67. Plains All American Pipeline, L.P. has a 1 year low of $15.57 and a 1 year high of $20.77. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 27.60 and a beta of 0.60. 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, February 6th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. Plains All American Pipeline’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities research analysts forecast that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.4175 per share. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, January 30th. This represents a $1.67 annualized dividend and a yield of 8.3%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 100.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PAA shares. Morgan Stanley boosted their price target 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. Raymond James Financial restated a “strong-buy” rating and set a $22.00 target price (down from $24.00) on shares of Plains All American Pipeline in a research report on Friday, October 24th. Wells Fargo & Company lifted their price target on Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. UBS Group reaffirmed a “buy” rating on shares of Plains All American Pipeline in a research note on Monday, February 9th. Finally, Mizuho set a $23.00 target price on Plains All American Pipeline in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.09.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.