Plains All American Pipeline, L.P. (NYSE:PAA) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 107.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,271 shares of the pipeline company’s stock after acquiring an additional 657 shares during the period. Farther Finance Advisors LLC’s holdings in Plains All American Pipeline were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Plains All American Pipeline by 110.4% during the fourth quarter. Barclays PLC now owns 4,226,335 shares of the pipeline company’s stock worth $72,186,000 after buying an additional 2,218,014 shares during the last quarter. Invesco Ltd. boosted its stake in Plains All American Pipeline by 4.6% during the fourth quarter. Invesco Ltd. now owns 27,827,930 shares of the pipeline company’s stock worth $475,301,000 after buying an additional 1,224,381 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Plains All American Pipeline by 8.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company’s stock worth $261,283,000 after buying an additional 1,211,286 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Plains All American Pipeline by 30.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company’s stock worth $92,470,000 after buying an additional 1,162,933 shares during the last quarter. Finally, Natixis boosted its stake in Plains All American Pipeline by 33.2% during the fourth quarter. Natixis now owns 2,707,900 shares of the pipeline company’s stock worth $46,251,000 after buying an additional 675,000 shares during the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Price Performance

PAA stock opened at $17.95 on Thursday. 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 $12.62 billion, a PE ratio of 24.59 and a beta of 0.66. Plains All American Pipeline, L.P. has a 12-month low of $15.58 and a 12-month high of $21.00. The business’s fifty day moving average price is $17.36 and its 200 day moving average price is $18.40.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, sell-side analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.38 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.52 annualized dividend and a dividend yield of 8.47%. Plains All American Pipeline’s dividend payout ratio is presently 163.44%.

Analysts Set New Price Targets

PAA has been the topic of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research note on Friday, May 9th. UBS Group reissued a “buy” rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $20.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 16th. Barclays reaffirmed an “underweight” rating and issued a $18.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. Finally, Wells Fargo & Company lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.