Plains All American Pipeline, L.P. $PAA Shares Purchased by Texas Yale Capital Corp.

Texas Yale Capital Corp. raised its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 10.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 637,343 shares of the pipeline company’s stock after purchasing an additional 60,000 shares during the period. Texas Yale Capital Corp. owned 0.09% of Plains All American Pipeline worth $10,873,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PAA. Blue Trust Inc. raised its position in shares of Plains All American Pipeline by 76.1% in the second quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock valued at $32,000 after buying an additional 761 shares during the last quarter. Mather Group LLC. purchased a new stake in Plains All American Pipeline during the 3rd quarter valued at about $33,000. Caldwell Trust Co acquired a new stake in Plains All American Pipeline in the 3rd quarter valued at about $38,000. Global Retirement Partners LLC lifted its stake in Plains All American Pipeline by 468.7% in the 3rd quarter. Global Retirement Partners LLC now owns 2,582 shares of the pipeline company’s stock worth $44,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Plains All American Pipeline by 257.3% during the 3rd quarter. Fifth Third Bancorp now owns 4,256 shares of the pipeline company’s stock worth $73,000 after purchasing an additional 3,065 shares during the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PAA has been the subject of several recent research reports. Barclays increased their price target on Plains All American Pipeline from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Morgan Stanley raised their target price on Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Scotiabank reiterated an “outperform” rating on shares of Plains All American Pipeline in a report on Monday, February 9th. UBS Group reissued a “buy” rating on shares of Plains All American Pipeline in a report on Monday, February 9th. Finally, Wells Fargo & Company raised their price objective on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Plains All American Pipeline has an average rating of “Hold” and a consensus price target of $21.09.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock opened at $20.15 on Monday. The firm has a market cap of $14.22 billion, a PE ratio of 27.60 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a 52 week low of $15.57 and a 52 week high of $20.77. The business’s fifty day simple moving average is $18.62 and its 200-day simple moving average is $17.66.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Friday, February 6th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. Equities analysts forecast that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.38. Plains All American Pipeline’s dividend payout ratio is 100.60%.

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.