Texas Yale Capital Corp. Boosts Holdings in Plains All American Pipeline Lp $PAA

Texas Yale Capital Corp. grew its position in Plains All American Pipeline Lp (NASDAQ:PAA) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 663,763 shares of the company’s stock after buying an additional 26,420 shares during the period. Texas Yale Capital Corp.’s holdings in Plains All American Pipeline were worth $11,921,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Alps Advisors Inc. grew its stake in shares of Plains All American Pipeline by 2.2% in the 3rd quarter. Alps Advisors Inc. now owns 76,066,823 shares of the company’s stock valued at $1,297,700,000 after buying an additional 1,663,908 shares during the period. Invesco Ltd. grew its stake in shares of Plains All American Pipeline by 2.1% in the 3rd quarter. Invesco Ltd. now owns 33,280,692 shares of the company’s stock valued at $567,769,000 after buying an additional 677,959 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Plains All American Pipeline by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,958 shares of the company’s stock valued at $122,814,000 after buying an additional 967,059 shares during the period. BROOKFIELD Corp ON grew its stake in shares of Plains All American Pipeline by 18.9% in the 2nd quarter. BROOKFIELD Corp ON now owns 6,774,650 shares of the company’s stock valued at $124,112,000 after buying an additional 1,076,291 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Plains All American Pipeline in the 3rd quarter valued at approximately $87,462,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAA. Wells Fargo & Company increased their price target on shares of Plains All American Pipeline from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Barclays upped their price objective on shares of Plains All American Pipeline from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. UBS Group restated a “buy” rating on shares of Plains All American Pipeline in a report on Monday, February 9th. Stifel Nicolaus upped their price objective on shares of Plains All American Pipeline from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Plains All American Pipeline in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.54.

Plains All American Pipeline Stock Performance

Shares of PAA stock opened at $22.43 on Friday. The business has a 50 day moving average of $22.24. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.94. Plains All American Pipeline Lp has a one year low of $15.69 and a one year high of $24.26. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 10.27 and a beta of 0.51.

Plains All American Pipeline (NASDAQ:PAA) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). Plains All American Pipeline had a return on equity of 12.17% and a net margin of 2.53%.The company had revenue of $12.47 billion during the quarter. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts predict that Plains All American Pipeline Lp will post 1.56 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.4175 per share. The ex-dividend date was Friday, May 1st. This represents a $1.67 dividend on an annualized basis and a yield of 7.4%. Plains All American Pipeline’s dividend payout ratio is 127.48%.

About Plains All American Pipeline

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.