Fortem Financial Group LLC Has $1.13 Million Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Fortem Financial Group LLC grew its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 66,278 shares of the pipeline company’s stock after acquiring an additional 2,772 shares during the quarter. Fortem Financial Group LLC’s holdings in Plains All American Pipeline were worth $1,132,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Axiom Advisory LLC grew its stake in Plains All American Pipeline by 5.2% during the third quarter. Axiom Advisory LLC now owns 15,300 shares of the pipeline company’s stock worth $274,000 after buying an additional 750 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Plains All American Pipeline by 16.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after acquiring an additional 856 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Plains All American Pipeline by 5.1% during the third quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock valued at $315,000 after purchasing an additional 887 shares in the last quarter. Private Advisor Group LLC lifted its stake in Plains All American Pipeline by 0.9% during the second quarter. Private Advisor Group LLC now owns 106,845 shares of the pipeline company’s stock worth $1,908,000 after purchasing an additional 927 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in Plains All American Pipeline by 0.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 263,645 shares of the pipeline company’s stock worth $4,580,000 after purchasing an additional 1,047 shares during the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on PAA shares. Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Bank of America initiated coverage on shares of Plains All American Pipeline in a report on Thursday, October 17th. They issued a “neutral” rating and a $18.00 target price for the company. Morgan Stanley downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $22.00 to $19.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Plains All American Pipeline has a consensus rating of “Hold” and an average price target of $19.82.

Plains All American Pipeline Trading Up 0.5 %

PAA traded up $0.08 during midday trading on Monday, hitting $17.46. 2,435,498 shares of the company were exchanged, compared to its average volume of 4,251,533. The firm’s 50 day moving average price is $17.40 and its 200-day moving average price is $17.65. Plains All American Pipeline, L.P. has a 1-year low of $15.02 and a 1-year high of $19.17. The firm has a market capitalization of $12.29 billion, a P/E ratio of 15.59 and a beta of 1.64. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $12.74 billion for the quarter, compared to analysts’ expectations of $13.09 billion. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, equities analysts forecast that Plains All American Pipeline, L.P. will post 1.24 EPS for the current fiscal year.

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.