Plains All American Pipeline, L.P. (NYSE:PAA) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,094 shares of the pipeline company’s stock after purchasing an additional 856 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Plains All American Pipeline were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. ORG Partners LLC raised its position in shares of Plains All American Pipeline by 78.5% in the 2nd quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock worth $30,000 after buying an additional 730 shares during the period. Private Advisor Group LLC lifted its stake in shares of Plains All American Pipeline by 0.9% in the 2nd quarter. Private Advisor Group LLC now owns 106,845 shares of the pipeline company’s stock valued at $1,908,000 after purchasing an additional 927 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Plains All American Pipeline by 31.2% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,460 shares of the pipeline company’s stock worth $80,000 after purchasing an additional 1,060 shares during the period. Wealth Alliance Advisory Group LLC increased its position in Plains All American Pipeline by 1.4% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 87,927 shares of the pipeline company’s stock worth $1,570,000 after purchasing an additional 1,198 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in Plains All American Pipeline by 9.8% during the second quarter. HB Wealth Management LLC now owns 14,599 shares of the pipeline company’s stock valued at $261,000 after buying an additional 1,308 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

PAA has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research note on Wednesday, September 4th. UBS Group boosted their price objective on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.10.

Plains All American Pipeline Trading Up 0.5 %

Shares of PAA opened at $17.69 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.00. Plains All American Pipeline, L.P. has a one year low of $14.46 and a one year high of $19.17. The stock has a 50-day moving average price of $17.55 and a 200 day moving average price of $17.66. The company has a market capitalization of $12.40 billion, a P/E ratio of 15.25 and a beta of 1.60.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $12.32 billion. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. Sell-side analysts forecast that Plains All American Pipeline, L.P. will post 1.3 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be paid a $0.3175 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.18%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 109.48%.

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.