Eclectic Associates Inc. ADV Has $207,000 Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Eclectic Associates Inc. ADV increased its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,100 shares of the pipeline company’s stock after acquiring an additional 854 shares during the period. Eclectic Associates Inc. ADV’s holdings in Plains All American Pipeline were worth $207,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline during the third quarter worth about $27,000. Future Financial Wealth Managment LLC bought a new position in Plains All American Pipeline in the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. lifted its holdings in Plains All American Pipeline by 53.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock worth $68,000 after buying an additional 1,318 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Plains All American Pipeline by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after buying an additional 856 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Plains All American Pipeline by 100.0% in the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock valued at $139,000 after buying an additional 4,000 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PAA has been the topic of several research reports. Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, January 10th. Barclays upped their target price on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Morgan Stanley cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $22.00 to $19.00 in a research report on Friday, October 25th. Wells Fargo & Company lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Plains All American Pipeline has an average rating of “Hold” and a consensus target price of $19.92.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock opened at $20.39 on Friday. Plains All American Pipeline, L.P. has a 12 month low of $15.02 and a 12 month high of $21.00. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $14.35 billion, a PE ratio of 18.21 and a beta of 1.64. The stock’s fifty day simple moving average is $18.08 and its 200 day simple moving average is $17.79.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. The business had revenue of $12.74 billion for the quarter, compared to analysts’ expectations of $13.09 billion. During the same quarter in the previous year, the business posted $0.35 EPS. Plains All American Pipeline’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, research analysts predict that Plains All American Pipeline, L.P. will post 1.17 EPS for the current year.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s dividend payout ratio is 113.39%.

Plains All American Pipeline Company 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.