SG Americas Securities LLC Acquires Shares of 15,986 Plains All American Pipeline, L.P. (NYSE:PAA)

SG Americas Securities LLC acquired a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,986 shares of the pipeline company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Plains All American Pipeline in the third quarter valued at $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of Plains All American Pipeline during the 3rd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Plains All American Pipeline by 16.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock worth $109,000 after purchasing an additional 856 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Plains All American Pipeline by 100.0% in the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock valued at $139,000 after buying an additional 4,000 shares in the last quarter. Finally, Westmount Partners LLC acquired a new stake in Plains All American Pipeline during the 4th quarter valued at $177,000. 41.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wolfe Research raised 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. Barclays boosted 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. Morgan Stanley cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. Scotiabank reissued a “sector outperform” rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, six have issued 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.com, the stock has a consensus rating of “Hold” and an average price target of $20.21.

Plains All American Pipeline Price Performance

PAA stock opened at $20.29 on Thursday. The stock has a 50-day moving average price of $18.52 and a two-hundred day moving average price of $17.87. The company has a market cap of $14.28 billion, a PE ratio of 18.12 and a beta of 1.65. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a 12-month low of $15.02 and a 12-month high of $21.00.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Plains All American Pipeline’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts predict that Plains All American Pipeline, L.P. will post 1.17 EPS for the current year.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.38 dividend. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a yield of 7.49%. The ex-dividend date of this dividend is Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is currently 135.71%.

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.