Venture Visionary Partners LLC Buys 20,804 Shares of Plains All American Pipeline Lp $PAA

Venture Visionary Partners LLC bought a new stake in Plains All American Pipeline Lp (NASDAQ:PAA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 20,804 shares of the company’s stock, valued at approximately $493,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BROOKFIELD Corp ON lifted its position in shares of Plains All American Pipeline by 428.2% during the 1st quarter. BROOKFIELD Corp ON now owns 3,691,435 shares of the company’s stock worth $82,430,000 after buying an additional 2,992,549 shares during the last quarter. Infrastructure Capital Advisors LLC grew its position in Plains All American Pipeline by 4.4% in the first quarter. Infrastructure Capital Advisors LLC now owns 3,089,992 shares of the company’s stock valued at $69,000,000 after acquiring an additional 130,164 shares during the last quarter. Cohen & Steers Inc. grew its position in Plains All American Pipeline by 97.9% in the fourth quarter. Cohen & Steers Inc. now owns 2,502,309 shares of the company’s stock valued at $44,941,000 after acquiring an additional 1,237,877 shares during the last quarter. Bollard Group LLC raised its stake in Plains All American Pipeline by 7.7% during the first quarter. Bollard Group LLC now owns 1,215,856 shares of the company’s stock worth $27,150,000 after acquiring an additional 86,602 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its holdings in shares of Plains All American Pipeline by 34.6% in the second quarter. NEOS Investment Management LLC now owns 774,913 shares of the company’s stock worth $17,250,000 after acquiring an additional 199,296 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Plains All American Pipeline from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Barclays increased their price objective on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Monday, September 21st. Scotiabank raised their target price on shares of Plains All American Pipeline from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th. UBS Group boosted their target price on shares of Plains All American Pipeline from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Morgan Stanley upped their price target on shares of Plains All American Pipeline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Plains All American Pipeline has a consensus rating of “Moderate Buy” and an average price target of $25.73.

Plains All American Pipeline Stock Performance

Plains All American Pipeline stock opened at $24.34 on Friday. The business has a 50 day moving average of $24.62 and a 200-day moving average of $23.30. The company has a market capitalization of $17.17 billion, a P/E ratio of 6.74, a P/E/G ratio of 8.49 and a beta of 0.57. Plains All American Pipeline Lp has a 1 year low of $15.69 and a 1 year high of $26.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.10.

Plains All American Pipeline (NASDAQ:PAA) last posted its earnings results on Friday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.09). Plains All American Pipeline had a return on equity of 12.13% and a net margin of 5.29%. The business had revenue of $17.69 billion for the quarter. During the same quarter in the previous year, the company posted $0.36 EPS. Plains All American Pipeline’s revenue for the quarter was up 66.3% compared to the same quarter last year. On average, equities research analysts predict that Plains All American Pipeline Lp will post 1.77 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.4175 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.67 annualized dividend and a dividend yield of 6.9%. Plains All American Pipeline’s payout ratio is currently 46.26%.

About Plains All American Pipeline

Plains All American Pipeline, L.P. is a publicly traded master limited partnership that provides midstream energy infrastructure and logistics services. The company primarily transports, stores and handles crude oil and natural gas liquids (NGLs) for producers, refiners, exporters and other energy customers.

Its operations include pipeline transportation, gathering systems, storage terminals, rail and truck facilities, and other supply-chain assets. Plains also provides terminalling, inventory management and related logistics services that connect production areas with refineries, processing facilities and export markets.

Plains All American serves key producing regions in the United States and Canada, with a significant presence in the Permian Basin and other North American oil and NGL markets.