Clear Trail Advisors LLC Takes Position in Plains All American Pipeline Lp $PAA

Clear Trail Advisors LLC bought a new position in shares of Plains All American Pipeline Lp (NASDAQ:PAA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,189 shares of the company’s stock, valued at approximately $1,009,000.

Several other institutional investors also recently bought and sold shares of the stock. Mather Group LLC. bought a new stake in Plains All American Pipeline in the 3rd quarter valued at $33,000. Caldwell Trust Co bought a new position in shares of Plains All American Pipeline during the 3rd quarter valued at about $38,000. Aventura Private Wealth LLC purchased a new position in shares of Plains All American Pipeline during the fourth quarter valued at about $42,000. Global Retirement Partners LLC increased its holdings in shares of Plains All American Pipeline by 468.7% in the third quarter. Global Retirement Partners LLC now owns 2,582 shares of the company’s stock worth $44,000 after purchasing an additional 2,128 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Plains All American Pipeline in the third quarter worth about $50,000. 41.78% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline Price Performance

Shares of NASDAQ PAA opened at $21.78 on Tuesday. The stock’s 50 day moving average is $20.35. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. Plains All American Pipeline Lp has a 1-year low of $15.57 and a 1-year high of $22.29. The company has a market capitalization of $15.37 billion, a PE ratio of 13.12, a P/E/G ratio of 3.39 and a beta of 0.58.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings data on Friday, February 6th. The 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 3.21% and a return on equity of 10.76%. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share.

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 given a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a yield of 7.7%. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, January 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 100.60%.

Analyst Upgrades and Downgrades

PAA has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on Plains All American Pipeline from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Bank of America downgraded Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Plains All American Pipeline in a research report on Monday, December 29th. Zacks Research lowered shares of Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Citigroup boosted their price target on shares of Plains All American Pipeline from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.75.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.