CreativeOne Wealth LLC Invests $193,000 in Plains All American Pipeline, L.P. (NYSE:PAA)

CreativeOne Wealth LLC acquired a new position in Plains All American Pipeline, L.P. (NYSE:PAA) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,132 shares of the pipeline company’s stock, valued at approximately $193,000.

Other hedge funds have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of Plains All American Pipeline in the third quarter worth about $28,000. ORG Partners LLC boosted its stake in shares of Plains All American Pipeline by 78.5% in the second quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Plains All American Pipeline by 53.2% in the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock worth $68,000 after acquiring an additional 1,318 shares during the period. American National Bank boosted its stake in shares of Plains All American Pipeline by 249.2% in the second quarter. American National Bank now owns 4,358 shares of the pipeline company’s stock worth $78,000 after acquiring an additional 3,110 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in Plains All American Pipeline by 31.2% during the second quarter. Brown Brothers Harriman & Co. now owns 4,460 shares of the pipeline company’s stock valued at $80,000 after buying an additional 1,060 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Up 1.4 %

Shares of PAA opened at $18.57 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 16.58 and a beta of 1.64. The company has a 50-day moving average of $17.41 and a 200 day moving average of $17.57. Plains All American Pipeline, L.P. has a 1-year low of $14.46 and a 1-year high of $19.17.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $13.09 billion. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. Plains All American Pipeline’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, research analysts expect that Plains All American Pipeline, L.P. will post 1.27 EPS for the current year.

Plains All American Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were issued a $0.3175 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 6.84%. Plains All American Pipeline’s payout ratio is 113.39%.

Wall Street Analysts Forecast Growth

PAA has been the subject of a number of research reports. Bank of America initiated coverage on Plains All American Pipeline in a research note on Thursday, October 17th. They set a “neutral” rating and a $18.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a research note on Friday, November 15th. Finally, Morgan Stanley lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $22.00 to $19.00 in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.82.

Plains All American Pipeline Company 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.