Americana Partners LLC Boosts Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Americana Partners LLC raised its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 17.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,586 shares of the pipeline company's stock after purchasing an additional 39,333 shares during the quarter. Americana Partners LLC's holdings in Plains All American Pipeline were worth $4,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in shares of Plains All American Pipeline during the 1st quarter valued at $338,000. Commonwealth Equity Services LLC grew its stake in Plains All American Pipeline by 4.6% during the first quarter. Commonwealth Equity Services LLC now owns 125,542 shares of the pipeline company's stock valued at $2,205,000 after acquiring an additional 5,529 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Plains All American Pipeline by 69.4% during the 1st quarter. BNP Paribas Financial Markets now owns 1,824,808 shares of the pipeline company's stock worth $32,044,000 after acquiring an additional 747,852 shares during the period. Larson Financial Group LLC purchased a new stake in Plains All American Pipeline in the 1st quarter worth approximately $88,000. Finally, Oxbow Advisors LLC boosted its holdings in Plains All American Pipeline by 4.6% in the 1st quarter. Oxbow Advisors LLC now owns 115,933 shares of the pipeline company's stock valued at $2,036,000 after purchasing an additional 5,115 shares during the period. Institutional investors own 41.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. 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 price target on the stock. Morgan Stanley cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $22.00 to $19.00 in a report on Friday, October 25th. Finally, 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 report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.82.

Plains All American Pipeline Trading Up 0.7 %

Shares of Plains All American Pipeline stock traded up $0.12 during trading on Friday, reaching $16.39. The company's stock had a trading volume of 3,355,543 shares, compared to its average volume of 2,688,360. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 11.26 and a beta of 1.60. The firm's 50-day moving average is $17.47 and its two-hundred day moving average is $17.58. Plains All American Pipeline, L.P. has a 52-week low of $14.46 and a 52-week high of $19.17. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $12.93 billion for the quarter, compared to the consensus estimate of $12.32 billion. Plains All American Pipeline had a return on equity of 11.52% and a net margin of 2.07%. The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, sell-side analysts anticipate that Plains All American Pipeline, L.P. will post 1.31 earnings per share for the current year.

Plains All American Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be issued a dividend of $0.3175 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a yield of 7.75%. Plains All American Pipeline's dividend payout ratio is currently 115.45%.

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.