Hengehold Capital Management LLC Purchases 30,745 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Hengehold Capital Management LLC grew its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 61.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,970 shares of the pipeline company's stock after buying an additional 30,745 shares during the quarter. Hengehold Capital Management LLC's holdings in Plains All American Pipeline were worth $1,383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Plains All American Pipeline during the 3rd quarter worth approximately $27,000. Future Financial Wealth Managment LLC purchased a new stake in Plains All American Pipeline in the third quarter worth $28,000. Sunbelt Securities Inc. raised its stake in shares of Plains All American Pipeline by 53.2% in the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company's stock valued at $68,000 after buying an additional 1,318 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Plains All American Pipeline by 16.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company's stock worth $109,000 after acquiring an additional 856 shares during the period. Finally, Avior Wealth Management LLC raised its stake in Plains All American Pipeline by 100.0% in the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company's stock valued at $139,000 after acquiring an additional 4,000 shares during the period. 41.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PAA shares. Barclays upped their price target on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. Scotiabank reiterated a "sector outperform" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research report on Friday, January 10th. Wolfe Research upgraded Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a research note on Friday, January 10th. Wells Fargo & Company downgraded Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $19.00 price target on shares of Plains All American Pipeline in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.92.

Plains All American Pipeline Price Performance

NYSE:PAA traded down $0.18 during midday trading on Friday, hitting $20.39. The company had a trading volume of 2,626,278 shares, compared to its average volume of 4,369,045. The stock's fifty day moving average price is $18.08 and its 200-day moving average price is $17.79. Plains All American Pipeline, L.P. has a 52-week low of $15.02 and a 52-week high of $21.00. 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 company has a market capitalization of $14.35 billion, a PE ratio of 18.21 and a beta of 1.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. The company's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. As a group, research analysts expect that Plains All American Pipeline, L.P. will post 1.17 earnings per share for the current year.

Plains All American Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.45%. This is a positive change from Plains All American Pipeline's previous quarterly dividend of $0.32. The ex-dividend date is Friday, January 31st. Plains All American Pipeline's payout ratio is presently 113.39%.

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.