PFG Investments LLC Has $2.23 Million Stock Holdings in Plains All American Pipeline, L.P. $PAA

PFG Investments LLC grew its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 91.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,443 shares of the pipeline company’s stock after buying an additional 62,446 shares during the quarter. PFG Investments LLC’s holdings in Plains All American Pipeline were worth $2,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAA. Naples Global Advisors LLC lifted its position in Plains All American Pipeline by 13.2% in the 3rd quarter. Naples Global Advisors LLC now owns 14,600 shares of the pipeline company’s stock valued at $249,000 after acquiring an additional 1,700 shares in the last quarter. Americana Partners LLC raised its stake in shares of Plains All American Pipeline by 0.4% in the third quarter. Americana Partners LLC now owns 274,294 shares of the pipeline company’s stock worth $4,679,000 after purchasing an additional 987 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Plains All American Pipeline by 5.4% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 43,020 shares of the pipeline company’s stock valued at $734,000 after purchasing an additional 2,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Plains All American Pipeline by 75.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 125,525 shares of the pipeline company’s stock valued at $2,092,000 after buying an additional 54,171 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of Plains All American Pipeline by 2.9% during the third quarter. Maryland State Retirement & Pension System now owns 430,282 shares of the pipeline company’s stock valued at $7,341,000 after buying an additional 11,972 shares during the last quarter. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Stock Performance

NYSE PAA opened at $19.19 on Friday. The company has a market capitalization of $13.54 billion, a PE ratio of 26.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. Plains All American Pipeline, L.P. has a 52-week low of $15.57 and a 52-week high of $20.96. The company has a 50-day simple moving average of $17.93 and a 200 day simple moving average of $17.58.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Wednesday, November 5th. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, research analysts predict that Plains All American Pipeline, L.P. will post 1.52 EPS for the current year.

Plains All American Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a $0.4175 dividend. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.38. This represents a $1.67 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Friday, January 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is 138.02%.

Wall Street Analysts Forecast Growth

PAA has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Raymond James Financial reiterated a “strong-buy” rating and issued a $22.00 target price (down previously from $24.00) on shares of Plains All American Pipeline in a report on Friday, October 24th. Barclays cut their price target on shares of Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, October 7th. Scotiabank reiterated an “outperform” rating on shares of Plains All American Pipeline in a research note on Friday, January 16th. Finally, Mizuho set a $23.00 target price on shares of Plains All American Pipeline in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.56.

About Plains All American Pipeline

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.