Diversified Trust Co. Takes Position in Plains All American Pipeline Lp $PAA

Diversified Trust Co. acquired a new stake in Plains All American Pipeline Lp (NASDAQ:PAA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 34,221 shares of the company’s stock, valued at approximately $615,000.

A number of other institutional investors have also recently added to or reduced their stakes in PAA. Bollard Group LLC boosted its stake 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 company’s stock worth $20,723,000 after acquiring an additional 132,008 shares in the last quarter. Citigroup Inc. increased its stake in Plains All American Pipeline by 17.8% in the 3rd quarter. Citigroup Inc. now owns 535,200 shares of the company’s stock valued at $9,131,000 after purchasing an additional 80,788 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Plains All American Pipeline by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,958 shares of the company’s stock valued at $122,814,000 after purchasing an additional 967,059 shares in the last quarter. Inspire Investing LLC acquired a new position in Plains All American Pipeline during the third quarter worth $1,045,000. Finally, Texas Yale Capital Corp. raised its holdings in Plains All American Pipeline by 10.4% during the third quarter. Texas Yale Capital Corp. now owns 637,343 shares of the company’s stock worth $10,873,000 after purchasing an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on PAA shares. Bank of America lowered Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 target price on the stock. in a report on Wednesday, January 28th. Mizuho set a $23.00 price target on Plains All American Pipeline in a research note on Friday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Plains All American Pipeline from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. UBS Group restated a “buy” rating on shares of Plains All American Pipeline in a report on Monday, February 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.85.

Plains All American Pipeline Stock Down 0.4%

Shares of NASDAQ:PAA opened at $22.44 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a market capitalization of $15.83 billion, a P/E ratio of 13.52, a P/E/G ratio of 3.53 and a beta of 0.59. Plains All American Pipeline Lp has a 52-week low of $15.57 and a 52-week high of $22.79. The firm has a fifty day moving average of $20.61.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). Plains All American Pipeline had a return on equity of 10.76% and a net margin of 3.21%.The business’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS.

Plains All American Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.4175 dividend. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. This represents a $1.67 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Friday, January 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 100.60%.

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.