Matthew Goff Investment Advisor LLC bought a new stake in Plains All American Pipeline, L.P. (NYSE:PAA) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 47,280 shares of the pipeline company’s stock, valued at approximately $2,000,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. bought a new position in Plains All American Pipeline in the 2nd quarter valued at about $109,000. Pathstone Family Office LLC bought a new position in Plains All American Pipeline in the 3rd quarter valued at about $131,000. Exane Derivatives lifted its position in Plains All American Pipeline by 14,250.0% in the 3rd quarter. Exane Derivatives now owns 5,740 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 5,700 shares in the last quarter. United Asset Strategies Inc. bought a new position in Plains All American Pipeline in the 3rd quarter valued at about $200,000. Finally, Palo Capital Inc. bought a new position in Plains All American Pipeline in the 3rd quarter valued at about $207,000. Institutional investors own 48.30% of the company’s stock.

Shares of Plains All American Pipeline stock traded down $0.22 during mid-day trading on Thursday, hitting $22.08. 290,743 shares of the stock were exchanged, compared to its average volume of 2,636,541. Plains All American Pipeline, L.P. has a 12 month low of $19.00 and a 12 month high of $27.70. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.01. The stock has a market cap of $16.20 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.47 and a beta of 0.93.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Plains All American Pipeline had a net margin of 3.92% and a return on equity of 14.72%. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter last year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 49.7% compared to the same quarter last year. On average, equities analysts anticipate that Plains All American Pipeline, L.P. will post 1.94 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.43%. Plains All American Pipeline’s dividend payout ratio is currently 127.66%.

Several brokerages recently weighed in on PAA. BMO Capital Markets reaffirmed a “buy” rating and issued a $29.00 price target on shares of Plains All American Pipeline in a research report on Monday, August 13th. US Capital Advisors raised shares of Plains All American Pipeline from a “hold” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Friday, August 24th. TheStreet cut shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a research report on Wednesday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Plains All American Pipeline from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, August 24th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $29.00 price target on shares of Plains All American Pipeline in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. Plains All American Pipeline presently has an average rating of “Buy” and an average price target of $27.83.

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Plains All American Pipeline Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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