Quantum Financial Planning Services Inc. Invests $183,000 in Plains All American Pipeline, L.P. $PAA

Quantum Financial Planning Services Inc. acquired a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,000 shares of the pipeline company’s stock, valued at approximately $183,000.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Plains All American Pipeline by 107.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company’s stock worth $26,000 after buying an additional 657 shares during the period. Blue Trust Inc. grew its position in shares of Plains All American Pipeline by 76.1% during the 2nd quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock worth $32,000 after buying an additional 761 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Plains All American Pipeline during the 2nd quarter worth approximately $40,000. Atwood & Palmer Inc. acquired a new stake in shares of Plains All American Pipeline during the 2nd quarter worth approximately $42,000. Finally, North Capital Inc. acquired a new stake in shares of Plains All American Pipeline during the 1st quarter worth approximately $61,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

Shares of NYSE:PAA opened at $15.85 on Friday. 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 stock’s fifty day simple moving average is $17.38 and its two-hundred day simple moving average is $17.66. Plains All American Pipeline, L.P. has a 1-year low of $15.57 and a 1-year high of $21.00. The stock has a market cap of $11.15 billion, a PE ratio of 21.71 and a beta of 0.72.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Friday, August 8th. The pipeline company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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%.During the same quarter in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, analysts forecast that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, October 31st. This represents a $1.52 annualized dividend and a yield of 9.6%. Plains All American Pipeline’s dividend payout ratio (DPR) is 172.73%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PAA shares. 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. 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. Zacks Research raised shares of Plains All American Pipeline to a “hold” rating in a research report on Monday, August 11th. 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, Morgan Stanley reduced their price target on shares of Plains All American Pipeline from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.50.

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.