NBW Capital LLC Grows Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

NBW Capital LLC lifted its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 526,843 shares of the pipeline company’s stock after buying an additional 5,096 shares during the period. Plains All American Pipeline makes up approximately 1.9% of NBW Capital LLC’s holdings, making the stock its 13th largest holding. NBW Capital LLC owned about 0.08% of Plains All American Pipeline worth $9,251,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Eagle Bay Advisors LLC purchased a new position in Plains All American Pipeline during the 1st quarter valued at about $26,000. Future Financial Wealth Managment LLC purchased a new position in Plains All American Pipeline during the 1st quarter valued at about $28,000. Evermay Wealth Management LLC purchased a new position in Plains All American Pipeline during the 1st quarter valued at about $35,000. Scarborough Advisors LLC purchased a new position in Plains All American Pipeline during the 4th quarter valued at about $46,000. Finally, Mather Group LLC. purchased a new position in shares of Plains All American Pipeline during the 1st quarter worth approximately $76,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on PAA shares. Wells Fargo & Company upped their target price on Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Royal Bank of Canada upped their target price on Plains All American Pipeline from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. TD Securities upped their target price on Plains All American Pipeline from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, May 6th. StockNews.com downgraded Plains All American Pipeline from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Finally, Scotiabank assumed coverage on Plains All American Pipeline in a report on Monday, April 8th. They set a “sector outperform” rating and a $23.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Plains All American Pipeline presently has a consensus rating of “Hold” and an average price target of $19.55.

Plains All American Pipeline Stock Down 3.2 %

PAA stock traded down $0.58 during midday trading on Friday, hitting $17.42. The company’s stock had a trading volume of 4,580,684 shares, compared to its average volume of 2,018,039. The company has a market cap of $12.21 billion, a PE ratio of 15.02 and a beta of 1.61. Plains All American Pipeline, L.P. has a 12 month low of $14.25 and a 12 month high of $19.17. The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $17.78 and its 200-day moving average is $17.21.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $12.32 billion. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 10.53%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Plains All American Pipeline, L.P. will post 1.35 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be given a $0.3175 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.27 annualized dividend and a yield of 7.29%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 109.48%.

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.