Inspire Investing LLC Takes $818,000 Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Inspire Investing LLC bought a new position in Plains All American Pipeline, L.P. (NYSE:PAA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 45,783 shares of the pipeline company’s stock, valued at approximately $818,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAA. Eagle Bay Advisors LLC bought a new position in shares of Plains All American Pipeline in the first quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new position in Plains All American Pipeline in the 1st quarter worth $28,000. ORG Partners LLC increased its stake in 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 in the last quarter. Evermay Wealth Management LLC purchased a new stake in Plains All American Pipeline in the 1st quarter worth $35,000. Finally, Scarborough Advisors LLC bought a new stake in Plains All American Pipeline during the fourth quarter valued at about $46,000. Institutional investors own 41.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PAA. Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 target price on shares of Plains All American Pipeline in a research report on Wednesday, September 4th. Morgan Stanley increased their price objective on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Finally, UBS Group upped their target price on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Plains All American Pipeline currently has a consensus rating of “Hold” and a consensus target price of $19.64.

Plains All American Pipeline Trading Down 0.7 %

Shares of PAA opened at $17.75 on Friday. Plains All American Pipeline, L.P. has a fifty-two week low of $14.25 and a fifty-two week high of $19.17. 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 company’s fifty day moving average is $17.82 and its 200 day moving average is $17.59. The stock has a market capitalization of $12.44 billion, a PE ratio of 11.94 and a beta of 1.60.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Friday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $12.93 billion for the quarter, compared to analysts’ expectations 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 revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.3175 dividend. This represents a $1.27 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend was Wednesday, July 31st. Plains All American Pipeline’s payout ratio is 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.