Susquehanna Fundamental Investments LLC Cuts Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Susquehanna Fundamental Investments LLC lowered its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 23.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,712 shares of the pipeline company's stock after selling 59,017 shares during the period. Susquehanna Fundamental Investments LLC's holdings in Plains All American Pipeline were worth $3,442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in shares of Plains All American Pipeline during the first quarter worth $26,000. Future Financial Wealth Managment LLC purchased a new position in Plains All American Pipeline during the 1st quarter valued at about $28,000. ORG Partners LLC increased its position in shares of Plains All American Pipeline by 78.5% during the second quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company's stock valued at $30,000 after buying an additional 730 shares during the period. Evermay Wealth Management LLC purchased a new stake in shares of Plains All American Pipeline in the first quarter worth about $35,000. Finally, Scarborough Advisors LLC bought a new position in shares of Plains All American Pipeline in the fourth quarter valued at approximately $46,000. Institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Trading Down 1.0 %

Shares of NYSE PAA traded down $0.18 during trading hours on Monday, hitting $17.31. The company's stock had a trading volume of 1,757,699 shares, compared to its average volume of 2,770,777. Plains All American Pipeline, L.P. has a 12 month low of $14.25 and a 12 month high of $19.17. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 15.08 and a beta of 1.60. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.00. The business has a 50-day simple moving average of $17.71 and a 200-day simple moving average of $17.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31. The firm had revenue of $12.93 billion for the quarter, compared to analyst estimates of $12.32 billion. Plains All American Pipeline had a return on equity of 11.52% and a net margin of 2.07%. The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. On average, analysts anticipate that Plains All American Pipeline, L.P. will post 1.3 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date of this dividend was Wednesday, July 31st. Plains All American Pipeline's payout ratio is 109.48%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAA. Morgan Stanley increased their target price on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, June 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Wednesday, September 4th. Finally, UBS Group raised their price target on Plains All American Pipeline from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Plains All American Pipeline has an average rating of "Moderate Buy" and an average price target of $20.10.

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.