Blair William & Co. IL Buys 17,562 Shares of Plains All American Pipeline, L.P. $PAA

Blair William & Co. IL grew its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 70.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,440 shares of the pipeline company’s stock after buying an additional 17,562 shares during the period. Blair William & Co. IL’s holdings in Plains All American Pipeline were worth $778,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PAA. Cambridge Investment Research Advisors Inc. lifted its stake in Plains All American Pipeline by 31.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 43,970 shares of the pipeline company’s stock valued at $879,000 after acquiring an additional 10,412 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Plains All American Pipeline by 5.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 56,334 shares of the pipeline company’s stock valued at $1,127,000 after acquiring an additional 2,891 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Plains All American Pipeline by 32.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 28,283 shares of the pipeline company’s stock valued at $566,000 after acquiring an additional 6,874 shares during the period. Adams Asset Advisors LLC lifted its stake in Plains All American Pipeline by 3.2% during the 2nd quarter. Adams Asset Advisors LLC now owns 787,922 shares of the pipeline company’s stock valued at $14,435,000 after acquiring an additional 24,750 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Plains All American Pipeline during the 1st quarter valued at about $218,000. Institutional investors own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

PAA has been the subject of several research reports. Barclays reduced their price target on shares of Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, October 7th. Scotiabank reaffirmed an “outperform” rating on shares of Plains All American Pipeline in a research report on Monday, September 8th. JPMorgan Chase & Co. reduced their price target on shares of Plains All American Pipeline from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. Citigroup set a $18.00 price target on shares of Plains All American Pipeline and gave the company a “neutral” rating in a research report on Friday, August 8th. Finally, UBS Group set a $25.00 price target on shares of Plains All American Pipeline and gave the company a “buy” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Plains All American Pipeline has an average rating of “Hold” and an average target price of $20.73.

Plains All American Pipeline Trading Down 1.1%

PAA stock opened at $15.92 on Friday. Plains All American Pipeline, L.P. has a 1-year low of $15.57 and a 1-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 capitalization of $11.20 billion, a price-to-earnings ratio of 21.81 and a beta of 0.72. The business has a 50 day simple moving average of $17.23 and a two-hundred day simple moving average of $17.56.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Friday, August 8th. The pipeline company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. Research analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.38 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.52 dividend on an annualized basis and a yield of 9.5%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 172.73%.

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.