Brookstone Capital Management Sells 1,469 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Brookstone Capital Management lowered its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,125 shares of the pipeline company’s stock after selling 1,469 shares during the period. Brookstone Capital Management’s holdings in Plains All American Pipeline were worth $184,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PAA. Sunbelt Securities Inc. bought a new position in Plains All American Pipeline during the 1st quarter worth about $28,000. CENTRAL TRUST Co increased its holdings in Plains All American Pipeline by 212.5% during the 3rd quarter. CENTRAL TRUST Co now owns 2,500 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,700 shares in the last quarter. International Assets Investment Management LLC bought a new position in Plains All American Pipeline during the 3rd quarter worth about $57,000. Briaud Financial Planning Inc bought a new position in Plains All American Pipeline during the 3rd quarter worth about $58,000. Finally, First Capital Advisors Group LLC. bought a new position in Plains All American Pipeline during the 2nd quarter worth about $58,000. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

Shares of PAA opened at $17.31 on Thursday. The firm has a market capitalization of $12.14 billion, a PE ratio of 12.45 and a beta of 1.59. The company’s 50-day moving average is $16.23 and its 200-day moving average is $15.63. Plains All American Pipeline, L.P. has a fifty-two week low of $11.88 and a fifty-two week high of $17.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.98 and a quick ratio of 0.87.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $14.30 billion. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. Equities analysts forecast that Plains All American Pipeline, L.P. will post 1.24 EPS for the current year.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were paid a $0.3175 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.27. This represents a $1.27 annualized dividend and a dividend yield of 7.34%. Plains All American Pipeline’s dividend payout ratio is 91.37%.

Analyst Upgrades and Downgrades

PAA has been the topic of a number of recent research reports. Truist Financial lifted their price objective on shares of Plains All American Pipeline from $21.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. StockNews.com raised shares of Plains All American Pipeline from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Finally, Citigroup boosted their price objective on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.56.

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.