Bollard Group LLC Purchases 80,473 Shares of Plains All American Pipeline Lp $PAA

Bollard Group LLC boosted its position in Plains All American Pipeline Lp (NASDAQ:PAA) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,211,631 shares of the company’s stock after purchasing an additional 80,473 shares during the period. Plains All American Pipeline accounts for about 0.5% of Bollard Group LLC’s portfolio, making the stock its 27th biggest holding. Bollard Group LLC owned about 0.17% of Plains All American Pipeline worth $20,670,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. raised its stake in shares of Plains All American Pipeline by 2.2% during the third quarter. Alps Advisors Inc. now owns 76,066,823 shares of the company’s stock valued at $1,297,700,000 after acquiring an additional 1,663,908 shares during the last quarter. Invesco Ltd. grew its stake in shares of Plains All American Pipeline by 2.1% in the third quarter. Invesco Ltd. now owns 33,280,692 shares of the company’s stock worth $567,769,000 after purchasing an additional 677,959 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Plains All American Pipeline by 15.5% in the third quarter. JPMorgan Chase & Co. now owns 7,198,958 shares of the company’s stock worth $122,814,000 after purchasing an additional 967,059 shares during the last quarter. BROOKFIELD Corp ON increased its holdings in Plains All American Pipeline by 18.9% in the second quarter. BROOKFIELD Corp ON now owns 6,774,650 shares of the company’s stock valued at $124,112,000 after purchasing an additional 1,076,291 shares during the period. Finally, Eagle Global Advisors LLC increased its holdings in Plains All American Pipeline by 6.2% in the third quarter. Eagle Global Advisors LLC now owns 4,117,370 shares of the company’s stock valued at $70,242,000 after purchasing an additional 240,714 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley lifted their target price on Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Stifel Nicolaus increased their price target on Plains All American Pipeline from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Wells Fargo & Company raised their price objective on Plains All American Pipeline from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday. Mizuho set a $23.00 target price on Plains All American Pipeline in a report on Friday, January 23rd. Finally, Barclays increased their target price on shares of Plains All American Pipeline from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.58.

Plains All American Pipeline Trading Up 0.5%

Shares of Plains All American Pipeline stock opened at $21.32 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.92 and a current ratio of 0.96. The stock’s 50-day simple moving average is $19.96. Plains All American Pipeline Lp has a 1-year low of $15.57 and a 1-year high of $22.29. The firm has a market cap of $15.04 billion, a P/E ratio of 12.84, a P/E/G ratio of 3.39 and a beta of 0.59.

Plains All American Pipeline (NASDAQ:PAA) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 3.21% and a return on equity of 10.76%. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 7.8%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, January 30th. Plains All American Pipeline’s payout ratio is presently 100.60%.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.