Wilmington Savings Fund Society FSB Buys New Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Wilmington Savings Fund Society FSB purchased a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,566 shares of the pipeline company’s stock, valued at approximately $27,000.

A number of other large investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Plains All American Pipeline during the 3rd quarter worth $28,000. Sunbelt Securities Inc. raised its stake in Plains All American Pipeline by 53.2% in the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after buying an additional 1,318 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Plains All American Pipeline by 31.2% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,460 shares of the pipeline company’s stock worth $80,000 after buying an additional 1,060 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Plains All American Pipeline during the 2nd quarter worth about $98,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Plains All American Pipeline in the 2nd quarter valued at about $108,000. 41.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $22.00 to $19.00 in a report on Friday, October 25th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a research report on Friday, November 15th. Finally, Bank of America initiated coverage on Plains All American Pipeline in a report on Thursday, October 17th. They issued a “neutral” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.82.

Plains All American Pipeline Trading Down 0.2 %

NYSE:PAA opened at $16.91 on Tuesday. Plains All American Pipeline, L.P. has a 12-month low of $15.02 and a 12-month high of $19.17. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $17.44 and its 200-day simple moving average is $17.63. The firm has a market cap of $11.90 billion, a P/E ratio of 15.10 and a beta of 1.64.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The company had revenue of $12.74 billion for the quarter, compared to analysts’ expectations of $13.09 billion. During the same period in the previous year, the company posted $0.35 EPS. Plains All American Pipeline’s revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that Plains All American Pipeline, L.P. will post 1.24 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were issued a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend was Thursday, October 31st. Plains All American Pipeline’s dividend payout ratio is presently 113.39%.

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.