Janney Montgomery Scott LLC Has $1.82 Million Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Janney Montgomery Scott LLC grew its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,348 shares of the pipeline company’s stock after purchasing an additional 15,448 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Plains All American Pipeline were worth $1,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Axiom Advisory LLC lifted its stake in shares of Plains All American Pipeline by 5.2% in the third quarter. Axiom Advisory LLC now owns 15,300 shares of the pipeline company’s stock worth $274,000 after acquiring an additional 750 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Plains All American Pipeline by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after purchasing an additional 856 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Plains All American Pipeline by 5.1% during the third quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock worth $315,000 after buying an additional 887 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Plains All American Pipeline by 0.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 263,645 shares of the pipeline company’s stock valued at $4,580,000 after buying an additional 1,047 shares during the period. Finally, Wealth Alliance Advisory Group LLC boosted its position in Plains All American Pipeline by 1.3% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 90,350 shares of the pipeline company’s stock valued at $1,543,000 after acquiring an additional 1,197 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAA. Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. Scotiabank reiterated a “sector outperform” rating and set a $23.00 target price on shares of Plains All American Pipeline in a research report on Friday, January 10th. Barclays raised their price target on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, January 10th. Finally, Bank of America started coverage on Plains All American Pipeline in a research note on Thursday, October 17th. They issued a “neutral” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Plains All American Pipeline currently has a consensus rating of “Hold” and an average price target of $20.21.

Plains All American Pipeline Stock Performance

NYSE PAA opened at $19.80 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The company has a fifty day moving average price of $18.42 and a 200-day moving average price of $17.86. Plains All American Pipeline, L.P. has a 1 year low of $15.02 and a 1 year high of $21.00. The firm 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 (NYSE:PAA) last issued its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $12.74 billion during the quarter, compared to the consensus estimate of $13.09 billion. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. Plains All American Pipeline’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. As a group, equities research 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.38 per share. This is an increase 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%. The ex-dividend date of this dividend is Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is currently 113.39%.

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.