Stablepoint Partners LLC Has $327,000 Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Stablepoint Partners LLC lifted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,125 shares of the pipeline company’s stock after acquiring an additional 3,000 shares during the quarter. Stablepoint Partners LLC’s holdings in Plains All American Pipeline were worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAA. Wilmington Savings Fund Society FSB bought a new position in Plains All American Pipeline in the third quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new position in Plains All American Pipeline in the 3rd quarter valued at approximately $28,000. Sunbelt Securities Inc. boosted its position 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 during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Plains All American Pipeline by 16.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock worth $109,000 after acquiring an additional 856 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in 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 acquiring an additional 4,000 shares during the period. Institutional investors own 41.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on PAA shares. Barclays boosted their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Scotiabank reissued a “sector outperform” rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, January 10th. Wells Fargo & Company lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, January 10th. Finally, Morgan Stanley cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $22.00 to $19.00 in a research report on Friday, October 25th. 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.92.

Plains All American Pipeline Stock Performance

Shares of PAA opened at $20.39 on Monday. The stock has a 50-day moving average of $18.15 and a 200-day moving average of $17.80. Plains All American Pipeline, L.P. has a one year low of $15.02 and a one year high of $21.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market cap of $14.35 billion, a PE ratio of 13.64 and a beta of 1.64.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $12.74 billion during the quarter, compared to analysts’ expectations of $13.09 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that Plains All American Pipeline, L.P. will post 1.17 EPS for the current fiscal year.

Plains All American Pipeline Increases Dividend

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

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.