Plains All American Pipeline, L.P. (NYSE:PAA) Position Reduced by Green Square Capital Advisors LLC

Green Square Capital Advisors LLC trimmed its stake in Plains All American Pipeline, L.P. (NYSE:PAAGet Rating) by 8.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,940 shares of the pipeline company’s stock after selling 4,581 shares during the quarter. Green Square Capital Advisors LLC’s holdings in Plains All American Pipeline were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. City State Bank acquired a new position in Plains All American Pipeline during the fourth quarter valued at approximately $28,000. Paragon Capital Management Ltd bought a new position in Plains All American Pipeline in the fourth quarter worth $25,000. Farmers & Merchants Investments Inc. bought a new position in Plains All American Pipeline in the first quarter worth $34,000. TCI Wealth Advisors Inc. bought a new position in Plains All American Pipeline in the first quarter worth $39,000. Finally, Confluence Wealth Services Inc. bought a new position in shares of Plains All American Pipeline during the fourth quarter valued at $37,000. Institutional investors own 45.58% of the company’s stock.

Plains All American Pipeline Price Performance

Plains All American Pipeline stock opened at $11.00 on Thursday. Plains All American Pipeline, L.P. has a 52 week low of $8.64 and a 52 week high of $12.10. The business has a 50-day simple moving average of $10.61 and a 200 day simple moving average of $10.74. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 47.83 and a beta of 1.79.

Plains All American Pipeline (NYSE:PAAGet Rating) last released its earnings results on Wednesday, May 4th. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). Plains All American Pipeline had a net margin of 0.65% and a return on equity of 9.80%. The company had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $12.15 billion. During the same period last year, the firm posted $0.25 EPS. The company’s revenue was up 63.4% on a year-over-year basis. On average, research analysts forecast that Plains All American Pipeline, L.P. will post 1.1 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be issued a dividend of $0.2175 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.91%. Plains All American Pipeline’s dividend payout ratio (DPR) is 378.26%.

Insiders Place Their Bets

In other news, Director Kevin S. Mccarthy bought 200,000 shares of Plains All American Pipeline stock in a transaction on Thursday, June 23rd. The shares were purchased at an average price of $9.81 per share, for a total transaction of $1,962,000.00. Following the acquisition, the director now owns 200,000 shares of the company’s stock, valued at $1,962,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

PAA has been the subject of a number of research analyst reports. Barclays cut their price target on Plains All American Pipeline from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th. Mizuho boosted their price objective on Plains All American Pipeline from $13.00 to $14.00 in a research report on Wednesday, May 11th. Bank of America upgraded Plains All American Pipeline from an “underperform” rating to a “neutral” rating and set a $12.00 target price on the stock in a research note on Tuesday, July 19th. StockNews.com lowered Plains All American Pipeline from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Finally, Credit Suisse Group raised Plains All American Pipeline from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $13.00 to $14.00 in a report on Thursday, May 12th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Plains All American Pipeline presently has an average rating of “Moderate Buy” and an average price target of $14.05.

Plains All American Pipeline Profile

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Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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