Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 85.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,403 shares of the pipeline company’s stock after selling 20,775 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Plains All American Pipeline were worth $52,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co grew its position in Plains All American Pipeline by 212.5% in the third quarter. CENTRAL TRUST Co now owns 2,500 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,700 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Plains All American Pipeline in the 4th quarter worth approximately $39,000. Briaud Financial Planning Inc acquired a new position in Plains All American Pipeline in the 3rd quarter worth approximately $58,000. Provence Wealth Management Group acquired a new position in Plains All American Pipeline in the 3rd quarter worth approximately $62,000. Finally, IFP Advisors Inc boosted its stake in Plains All American Pipeline by 14.8% in the 3rd quarter. IFP Advisors Inc now owns 5,226 shares of the pipeline company’s stock worth $80,000 after purchasing an additional 674 shares during the period. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

Shares of PAA traded down $0.80 during trading hours on Tuesday, reaching $17.23. 3,367,953 shares of the company traded hands, compared to its average volume of 3,425,910. The stock’s fifty day moving average is $17.32 and its 200 day moving average is $16.12. The stock has a market cap of $12.08 billion, a P/E ratio of 12.40 and a beta of 1.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.98. Plains All American Pipeline, L.P. has a 1-year low of $12.07 and a 1-year high of $19.03.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $14.30 billion. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. Equities research analysts anticipate that Plains All American Pipeline, L.P. will post 1.34 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.3175 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.27 annualized dividend and a dividend yield of 7.37%. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 91.37%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group raised their price objective on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. The Goldman Sachs Group lifted their target price on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the company a “sell” rating in a research note on Friday, April 12th. StockNews.com raised shares of Plains All American Pipeline from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 24th. Citigroup lifted their target price on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Stifel Nicolaus lifted their target price on shares of Plains All American Pipeline from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.96.

Plains All American Pipeline Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.