Inspire Investing LLC Invests $832,000 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) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,710 shares of the pipeline company’s stock, valued at approximately $832,000.

A number of other institutional investors have also recently modified their holdings of PAA. Envestnet Asset Management Inc. grew its stake in shares of Plains All American Pipeline by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 312,593 shares of the pipeline company’s stock worth $5,583,000 after acquiring an additional 7,452 shares during the last quarter. Sei Investments Co. boosted its position in shares of Plains All American Pipeline by 39.9% during the second quarter. Sei Investments Co. now owns 207,802 shares of the pipeline company’s stock valued at $3,711,000 after buying an additional 59,293 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Plains All American Pipeline by 16.3% during the second 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 during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Plains All American Pipeline by 53.2% during the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after buying an additional 1,318 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Plains All American Pipeline by 26.5% during the second quarter. Cetera Investment Advisers now owns 198,990 shares of the pipeline company’s stock valued at $3,554,000 after buying an additional 41,638 shares during the last quarter. 41.78% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline Stock Down 0.9 %

NYSE PAA opened at $20.39 on Friday. The stock’s 50-day moving average price is $18.08 and its 200-day moving average price is $17.79. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a 52 week low of $15.02 and a 52 week high of $21.00. The company has a market capitalization of $14.35 billion, a P/E ratio of 18.21 and a beta of 1.64.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. The firm had revenue of $12.74 billion for the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that Plains All American Pipeline, L.P. will post 1.17 earnings per share for the current year.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.38 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.52 annualized dividend and a dividend yield of 7.45%. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s dividend payout ratio (DPR) is 113.39%.

Analyst Ratings Changes

Several research firms recently commented on PAA. Scotiabank reaffirmed a “sector outperform” rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Bank of America began coverage on Plains All American Pipeline in a research report on Thursday, October 17th. They set a “neutral” rating and a $18.00 price objective on the stock. Barclays increased their price objective on Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.92.

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.