PFG Investments LLC Has $771,000 Position in Plains All American Pipeline, L.P. (NYSE:PAA)

PFG Investments LLC boosted its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 47.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,151 shares of the pipeline company's stock after buying an additional 14,432 shares during the quarter. PFG Investments LLC's holdings in Plains All American Pipeline were worth $771,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAA. Stablepoint Partners LLC raised its stake in shares of Plains All American Pipeline by 18.6% in the 4th quarter. Stablepoint Partners LLC now owns 19,125 shares of the pipeline company's stock valued at $327,000 after acquiring an additional 3,000 shares in the last quarter. Eclectic Associates Inc. ADV raised its position in shares of Plains All American Pipeline by 7.6% in the fourth quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company's stock valued at $207,000 after purchasing an additional 854 shares during the period. Hengehold Capital Management LLC lifted its stake in shares of Plains All American Pipeline by 61.2% in the fourth quarter. Hengehold Capital Management LLC now owns 80,970 shares of the pipeline company's stock worth $1,383,000 after buying an additional 30,745 shares during the last quarter. Secure Asset Management LLC bought a new stake in shares of Plains All American Pipeline during the 4th quarter worth $249,000. Finally, Inspire Investing LLC acquired a new position in Plains All American Pipeline in the 4th quarter valued at $832,000. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Price Performance

Shares of Plains All American Pipeline stock traded down $1.16 during mid-day trading on Friday, reaching $19.80. 7,832,619 shares of the stock were exchanged, compared to its average volume of 3,874,531. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 17.68 and a beta of 1.64. Plains All American Pipeline, L.P. has a fifty-two week low of $15.02 and a fifty-two week high of $21.00. 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 firm has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $17.87.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $12.74 billion during the quarter, compared to analysts' expectations of $13.09 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. Plains All American Pipeline's quarterly revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that Plains All American Pipeline, L.P. will post 1.17 EPS for the current fiscal year.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.38 dividend. The ex-dividend date is Friday, January 31st. This is a positive change from Plains All American Pipeline's previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.68%. Plains All American Pipeline's dividend payout ratio (DPR) is 113.39%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PAA shares. Wolfe Research upgraded shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target for the company in a report on Friday, January 10th. Raymond James raised their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday. Wells Fargo & Company lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Scotiabank restated a "sector outperform" rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a research note on Friday, January 10th. Finally, Barclays upped their target price 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.21.

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.