Barclays PLC Buys 32,061 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Barclays PLC lifted its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,008,321 shares of the pipeline company's stock after purchasing an additional 32,061 shares during the quarter. Barclays PLC owned 0.29% of Plains All American Pipeline worth $34,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ORG Partners LLC lifted its position in shares of Plains All American Pipeline by 78.5% during the 2nd quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 730 shares during the period. Brookstone Capital Management acquired a new stake in shares of Plains All American Pipeline during the 2nd quarter worth approximately $239,000. Prossimo Advisors LLC acquired a new position in Plains All American Pipeline during the second quarter valued at approximately $207,000. American National Bank lifted its stake in Plains All American Pipeline by 249.2% during the second quarter. American National Bank now owns 4,358 shares of the pipeline company's stock worth $78,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Plains All American Pipeline by 1.0% in the 2nd quarter. Hennessy Advisors Inc. now owns 420,626 shares of the pipeline company's stock valued at $7,512,000 after purchasing an additional 4,200 shares in the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Trading Down 1.1 %

Plains All American Pipeline stock traded down $0.19 during mid-day trading on Friday, hitting $17.86. 6,649,539 shares of the stock were exchanged, compared to its average volume of 2,808,283. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 15.95 and a beta of 1.64. Plains All American Pipeline, L.P. has a 12 month low of $14.81 and a 12 month high of $19.17. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The firm's fifty day simple moving average is $17.48 and its two-hundred day simple moving average is $17.62.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The business had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. Plains All American Pipeline's revenue for the quarter was up 5.6% on a year-over-year basis. Analysts forecast that Plains All American Pipeline, L.P. will post 1.24 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a dividend of $0.3175 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.27 annualized dividend and a yield of 7.11%. Plains All American Pipeline's dividend payout ratio is currently 113.39%.

Analyst Ratings Changes

Several brokerages recently weighed in on PAA. 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 began coverage on shares of Plains All American Pipeline in a research note on Thursday, October 17th. They issued a "neutral" rating and a $18.00 price target on the stock. Finally, Morgan Stanley 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 $19.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Plains All American Pipeline currently has a consensus rating of "Hold" and an average price target of $19.82.

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.