Plains All American Pipeline Lp $PAA Shares Acquired by DV Trading LLC

DV Trading LLC boosted its position in shares of Plains All American Pipeline Lp (NASDAQ:PAA) by 148.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,454 shares of the company’s stock after buying an additional 49,221 shares during the quarter. DV Trading LLC’s holdings in Plains All American Pipeline were worth $1,841,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC bought a new position in shares of Plains All American Pipeline during the 1st quarter valued at about $260,000. Guggenheim Capital LLC grew its stake in shares of Plains All American Pipeline by 5.9% in the 2nd quarter. Guggenheim Capital LLC now owns 46,288 shares of the company’s stock worth $848,000 after purchasing an additional 2,592 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Plains All American Pipeline by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 404,921 shares of the company’s stock worth $7,418,000 after purchasing an additional 16,096 shares during the last quarter. Glenview Trust co bought a new stake in shares of Plains All American Pipeline in the 2nd quarter worth approximately $404,000. Finally, HUB Investment Partners LLC raised its holdings in shares of Plains All American Pipeline by 5.6% in the 2nd quarter. HUB Investment Partners LLC now owns 91,113 shares of the company’s stock worth $1,669,000 after purchasing an additional 4,839 shares in the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Stock Performance

Shares of PAA opened at $24.57 on Friday. The company has a 50-day moving average of $22.97 and a two-hundred day moving average of $21.79. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 9.75 and a beta of 0.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.94 and a quick ratio of 0.88. Plains All American Pipeline Lp has a one year low of $15.69 and a one year high of $25.03.

Plains All American Pipeline (NASDAQ:PAA) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). Plains All American Pipeline had a net margin of 2.53% and a return on equity of 12.17%. The firm had revenue of $12.47 billion during the quarter. During the same period in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Plains All American Pipeline Lp will post 1.55 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.4175 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.67 dividend on an annualized basis and a dividend yield of 6.8%. Plains All American Pipeline’s dividend payout ratio is presently 127.48%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PAA shares. The Goldman Sachs Group upgraded shares of Plains All American Pipeline from a “sell” rating to a “neutral” rating and raised their target price for the stock from $18.00 to $24.00 in a report on Wednesday, June 3rd. Morgan Stanley upped their price target on Plains All American Pipeline from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Wells Fargo & Company increased their price objective on Plains All American Pipeline from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. US Capital Advisors lowered Plains All American Pipeline from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, May 29th. Finally, Mizuho lifted their target price on Plains All American Pipeline from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.23.

Plains All American Pipeline Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.