Plains All American Pipeline Lp $PAA Shares Acquired by Hengehold Capital Management LLC

Hengehold Capital Management LLC boosted its position in Plains All American Pipeline Lp (NASDAQ:PAA) by 56.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,879 shares of the company’s stock after acquiring an additional 62,188 shares during the quarter. Hengehold Capital Management LLC’s holdings in Plains All American Pipeline were worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC grew its holdings in shares of Plains All American Pipeline by 20.5% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 61,291 shares of the company’s stock worth $1,454,000 after purchasing an additional 10,406 shares during the period. Elemental Capital Partners LLC raised its holdings in Plains All American Pipeline by 2.1% in the third quarter. Elemental Capital Partners LLC now owns 90,660 shares of the company’s stock valued at $2,150,000 after buying an additional 1,900 shares during the period. Ulland Investment Advisors LLC raised its holdings in Plains All American Pipeline by 4.3% in the third quarter. Ulland Investment Advisors LLC now owns 12,000 shares of the company’s stock valued at $285,000 after buying an additional 500 shares during the period. Avaii Wealth Management LLC acquired a new position in Plains All American Pipeline during the third quarter valued at approximately $219,000. Finally, Avidian Wealth Enterprises LLC lifted its position in Plains All American Pipeline by 75.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 51,972 shares of the company’s stock valued at $1,233,000 after buying an additional 22,326 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PAA shares. Citigroup boosted their price objective on shares of Plains All American Pipeline from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, September 17th. Wall Street Zen downgraded shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada lifted their target price on shares of Plains All American Pipeline from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, August 17th. JPMorgan Chase & Co. upped their price target on shares of Plains All American Pipeline from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley increased their price target on Plains All American Pipeline from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.80.

Plains All American Pipeline Stock Up 0.4%

Plains All American Pipeline stock traded up $0.10 during midday trading on Friday, hitting $25.25. 3,050,918 shares of the company were exchanged, compared to its average volume of 2,441,320. The company has a market cap of $17.82 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 8.98 and a beta of 0.57. Plains All American Pipeline Lp has a fifty-two week low of $15.79 and a fifty-two week high of $26.39. The company’s fifty day moving average price is $24.77 and its 200-day moving average price is $23.39. 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 issued its quarterly earnings data on Friday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.09). The firm had revenue of $17.69 billion during the quarter. Plains All American Pipeline had a net margin of 5.29% and a return on equity of 12.13%. The firm’s quarterly revenue was up 66.3% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. On average, research analysts predict that Plains All American Pipeline Lp will post 1.72 EPS for the current fiscal year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.4175 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.67 annualized dividend and a dividend yield of 6.6%. Plains All American Pipeline’s dividend payout ratio is 46.26%.

Plains All American Pipeline Company Profile

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.