Walnut Private Equity Partners LLC Increases Position in Plains All American Pipeline Lp $PAA

Walnut Private Equity Partners LLC raised its position in shares of Plains All American Pipeline Lp (NASDAQ:PAA) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Plains All American Pipeline comprises 6.3% of Walnut Private Equity Partners LLC’s portfolio, making the stock its 6th biggest position. Walnut Private Equity Partners LLC’s holdings in Plains All American Pipeline were worth $10,776,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bollard Group LLC raised its holdings in Plains All American Pipeline by 13.2% in the second quarter. Bollard Group LLC now owns 1,131,158 shares of the company’s stock worth $20,723,000 after purchasing an additional 132,008 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Plains All American Pipeline by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,958 shares of the company’s stock valued at $122,814,000 after buying an additional 967,059 shares in the last quarter. Citigroup Inc. grew its position in shares of Plains All American Pipeline by 17.8% in the 3rd quarter. Citigroup Inc. now owns 535,200 shares of the company’s stock worth $9,131,000 after buying an additional 80,788 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Plains All American Pipeline during the 3rd quarter worth approximately $1,045,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Plains All American Pipeline by 16.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 323,590 shares of the company’s stock worth $5,928,000 after acquiring an additional 46,406 shares in the last quarter. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAA has been the subject of several recent analyst reports. Zacks Research downgraded shares of Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Citigroup upped their price target on Plains All American Pipeline from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Stifel Nicolaus increased their price objective on Plains All American Pipeline from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, March 6th. Wells Fargo & Company boosted their target price on Plains All American Pipeline from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Plains All American Pipeline in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Plains All American Pipeline presently has a consensus rating of “Hold” and an average price target of $21.75.

Plains All American Pipeline Trading Up 0.8%

NASDAQ PAA opened at $21.76 on Friday. Plains All American Pipeline Lp has a 12-month low of $15.57 and a 12-month high of $22.29. The business has a fifty day moving average of $20.23. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $15.35 billion, a PE ratio of 13.11, a P/E/G ratio of 3.43 and a beta of 0.59.

Plains All American Pipeline (NASDAQ:PAA) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 3.21% and a return on equity of 10.76%. During the same quarter in the previous year, the business earned $0.42 EPS. Plains All American Pipeline’s revenue was down 12.2% compared to the same quarter last year.

Plains All American Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 7.7%. The ex-dividend date was Friday, January 30th. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 100.60%.

Plains All American Pipeline Company 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.