5,500 Shares in Plains All American Pipeline, L.P. (NYSE:PAA) Acquired by Rothschild Investment LLC

Rothschild Investment LLC purchased a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,500 shares of the pipeline company’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAA. Eagle Bay Advisors LLC acquired a new stake in shares of Plains All American Pipeline in the first quarter worth $26,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Plains All American Pipeline in the first quarter worth $28,000. ORG Partners LLC grew its stake in shares of Plains All American Pipeline by 78.5% in the second quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 730 shares during the last quarter. Evermay Wealth Management LLC acquired a new stake in shares of Plains All American Pipeline in the first quarter worth $35,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Plains All American Pipeline in the fourth quarter worth $46,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PAA. Morgan Stanley raised their target price on Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. UBS Group raised their target price on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company raised their target price on Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Plains All American Pipeline currently has a consensus rating of “Hold” and an average target price of $19.64.

Plains All American Pipeline Stock Down 1.8 %

Shares of NYSE PAA opened at $17.62 on Wednesday. The stock has a market cap of $12.35 billion, a PE ratio of 15.19 and a beta of 1.61. The business has a fifty day moving average of $18.03 and a two-hundred day moving average of $17.50. Plains All American Pipeline, L.P. has a 52-week low of $14.25 and a 52-week high of $19.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.00.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $12.93 billion during the quarter, compared to analysts’ expectations of $12.32 billion. Plains All American Pipeline had a return on equity of 11.52% and a net margin of 2.07%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. As a group, equities research analysts expect that Plains All American Pipeline, L.P. will post 1.3 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.3175 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.21%. Plains All American Pipeline’s payout ratio is presently 109.48%.

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.