Americana Partners LLC Buys 39,333 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Americana Partners LLC grew its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,586 shares of the pipeline company’s stock after purchasing an additional 39,333 shares during the quarter. Americana Partners LLC’s holdings in Plains All American Pipeline were worth $4,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PAA. ORG Partners LLC boosted its holdings in shares of Plains All American Pipeline by 78.5% during the second quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Axiom Advisory LLC lifted its holdings in Plains All American Pipeline by 5.2% during the 3rd quarter. Axiom Advisory LLC now owns 15,300 shares of the pipeline company’s stock worth $274,000 after purchasing an additional 750 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in 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 buying an additional 856 shares in the last quarter. Private Advisor Group LLC increased its position in Plains All American Pipeline by 0.9% during the 2nd quarter. Private Advisor Group LLC now owns 106,845 shares of the pipeline company’s stock worth $1,908,000 after buying an additional 927 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Plains All American Pipeline by 0.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 263,645 shares of the pipeline company’s stock worth $4,580,000 after buying an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Trading Up 0.7 %

Shares of Plains All American Pipeline stock traded up $0.11 during midday trading on Friday, reaching $16.38. The company had a trading volume of 1,077,530 shares, compared to its average volume of 2,677,615. The firm has a market cap of $11.48 billion, a PE ratio of 11.26 and a beta of 1.60. Plains All American Pipeline, L.P. has a fifty-two week low of $14.46 and a fifty-two week high of $19.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a fifty day moving average price of $17.47 and a 200 day moving average price of $17.58.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $12.93 billion for the quarter, compared to analyst estimates of $12.32 billion. Plains All American Pipeline had a return on equity of 11.52% and a net margin of 2.07%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS. On average, equities analysts anticipate that Plains All American Pipeline, L.P. will post 1.31 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a $0.3175 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a yield of 7.75%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 115.45%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America initiated coverage on shares of Plains All American Pipeline in a report on Thursday, October 17th. They issued a “neutral” rating and a $18.00 price objective for the company. Morgan Stanley lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $22.00 to $19.00 in a report on Friday, October 25th. Finally, 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 Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned 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 an average price target of $19.82.

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.