Plains All American Pipeline (PAA) Position Lowered by Doliver Capital Advisors LP

Doliver Capital Advisors LP lessened its position in shares of Plains All American Pipeline (NYSE:PAA) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,473 shares of the pipeline company’s stock after selling 2,100 shares during the quarter. Doliver Capital Advisors LP’s holdings in Plains All American Pipeline were worth $275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Assets Investment Management LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $103,000. FTB Advisors Inc. raised its stake in shares of Plains All American Pipeline by 97.8% during the 1st quarter. FTB Advisors Inc. now owns 5,695 shares of the pipeline company’s stock worth $125,000 after acquiring an additional 2,816 shares in the last quarter. Welch Group LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $134,000. Captrust Financial Advisors bought a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $158,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $166,000. Hedge funds and other institutional investors own 43.76% of the company’s stock.

Several research firms recently commented on PAA. Deutsche Bank initiated coverage on shares of Plains All American Pipeline in a research note on Thursday, April 19th. They set a “buy” rating and a $29.00 price objective for the company. Bank of America dropped their target price on shares of Plains All American Pipeline from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Robert W. Baird set a $22.00 target price on shares of Plains All American Pipeline and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Barclays downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a research report on Wednesday, January 17th. Finally, Seaport Global Securities raised shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $25.00 in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Plains All American Pipeline currently has an average rating of “Hold” and an average price target of $25.88.

PAA stock opened at $24.43 on Thursday. The firm has a market capitalization of $17.70 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.27 and a beta of 0.72. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.03. Plains All American Pipeline has a 12 month low of $24.26 and a 12 month high of $24.52.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, May 8th. The pipeline company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $7.38 billion. Plains All American Pipeline had a net margin of 2.50% and a return on equity of 11.09%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. research analysts expect that Plains All American Pipeline will post 1.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Monday, April 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 127.66%.

Plains All American Pipeline Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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