NBW Capital LLC Reduces Stock Holdings in Plains All American Pipeline, L.P. $PAA

NBW Capital LLC trimmed its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,089 shares of the pipeline company’s stock after selling 31,512 shares during the quarter. Plains All American Pipeline makes up about 2.5% of NBW Capital LLC’s portfolio, making the stock its 12th biggest holding. NBW Capital LLC owned 0.09% of Plains All American Pipeline worth $11,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Apollon Wealth Management LLC increased its stake in shares of Plains All American Pipeline by 0.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 80,515 shares of the pipeline company’s stock worth $1,475,000 after acquiring an additional 628 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Plains All American Pipeline by 5.2% in the second quarter. HB Wealth Management LLC now owns 15,247 shares of the pipeline company’s stock valued at $279,000 after purchasing an additional 748 shares during the period. Blue Trust Inc. increased its stake in shares of Plains All American Pipeline by 76.1% during the second quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock worth $32,000 after buying an additional 761 shares during the period. Clarus Group Inc. increased its position in shares of Plains All American Pipeline by 0.9% in the 2nd quarter. Clarus Group Inc. now owns 93,131 shares of the pipeline company’s stock valued at $1,706,000 after purchasing an additional 801 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in Plains All American Pipeline by 6.9% in the second quarter. AE Wealth Management LLC now owns 13,219 shares of the pipeline company’s stock valued at $242,000 after buying an additional 858 shares in the last quarter. 41.78% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline Trading Up 0.5%

NYSE:PAA opened at $17.49 on Tuesday. The stock has a fifty day simple moving average of $16.77 and a 200 day simple moving average of $17.43. 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 1-year low of $15.57 and a 1-year high of $21.00. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 23.96 and a beta of 0.59.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.During the same period in the prior year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. Sell-side analysts forecast that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.38 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.52 annualized dividend and a dividend yield of 8.7%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 125.62%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Plains All American Pipeline to a “hold” rating in a research report on Monday, August 11th. JPMorgan Chase & Co. reduced their price objective on Plains All American Pipeline from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Morgan Stanley increased their price target on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Raymond James Financial reissued a “strong-buy” rating and issued a $22.00 target price (down previously from $24.00) on shares of Plains All American Pipeline in a research note on Friday, October 24th. Finally, Barclays dropped their target price on Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.55.

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.