Texas Yale Capital Corp. Decreases Holdings in Plains All American Pipeline, L.P. $PAA

Texas Yale Capital Corp. reduced its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 577,343 shares of the pipeline company’s stock after selling 3,920 shares during the quarter. Texas Yale Capital Corp. owned 0.08% of Plains All American Pipeline worth $10,577,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Plains All American Pipeline by 76.1% in the second quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 761 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Plains All American Pipeline in the second quarter valued at approximately $40,000. Atwood & Palmer Inc. purchased a new position in Plains All American Pipeline in the second quarter valued at approximately $42,000. Ameritas Advisory Services LLC bought a new position in Plains All American Pipeline during the second quarter valued at $58,000. Finally, National Bank of Canada FI increased its position in Plains All American Pipeline by 99.4% in the first quarter. National Bank of Canada FI now owns 3,210 shares of the pipeline company’s stock worth $64,000 after buying an additional 1,600 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PAA shares. JPMorgan Chase & Co. cut their price target on Plains All American Pipeline from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, September 18th. Citigroup set a $18.00 target price on shares of Plains All American Pipeline and gave the stock a “neutral” rating in a research report on Friday, August 8th. Zacks Research upgraded shares of Plains All American Pipeline to a “hold” rating in a research note on Monday, August 11th. UBS Group set a $25.00 price target on shares of Plains All American Pipeline and gave the company a “buy” rating in a research note on Tuesday, July 15th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Plains All American Pipeline in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.55.

Plains All American Pipeline Price Performance

Plains All American Pipeline stock opened at $16.42 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The business has a 50-day simple moving average of $16.91 and a 200 day simple moving average of $17.46. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 22.49 and a beta of 0.74. Plains All American Pipeline, L.P. has a 52 week low of $15.57 and a 52 week high of $21.00.

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

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Friday, October 31st. Plains All American Pipeline’s payout ratio is currently 172.73%.

About Plains All American Pipeline

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.