Inspire Investing LLC Buys Shares of 61,238 Plains All American Pipeline, L.P. $PAA

Inspire Investing LLC bought a new stake in Plains All American Pipeline, L.P. (NYSE:PAA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 61,238 shares of the pipeline company’s stock, valued at approximately $1,045,000.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Plains All American Pipeline by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 105,263 shares of the pipeline company’s stock valued at $1,928,000 after acquiring an additional 3,400 shares in the last quarter. Adams Asset Advisors LLC lifted its position in Plains All American Pipeline by 3.2% in the second quarter. Adams Asset Advisors LLC now owns 787,922 shares of the pipeline company’s stock valued at $14,435,000 after purchasing an additional 24,750 shares during the period. Stephens Inc. AR boosted its holdings in Plains All American Pipeline by 19.5% in the 2nd quarter. Stephens Inc. AR now owns 111,785 shares of the pipeline company’s stock valued at $2,048,000 after purchasing an additional 18,247 shares in the last quarter. Advisors Asset Management Inc. increased its position in Plains All American Pipeline by 16.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 323,590 shares of the pipeline company’s stock worth $5,928,000 after purchasing an additional 46,406 shares during the period. Finally, IronOak Wealth LLC. acquired a new position in Plains All American Pipeline during the 2nd quarter worth approximately $310,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAA. Barclays reduced their price target on Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, October 7th. JPMorgan Chase & Co. reduced their target price on Plains All American Pipeline from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Raymond James Financial restated a “strong-buy” rating and set a $22.00 target price (down from $24.00) on shares of Plains All American Pipeline in a research report on Friday, October 24th. Scotiabank cut their price target on shares of Plains All American Pipeline from $20.00 to $19.00 and set a “sector outperform” rating for the company in a report on Thursday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.60.

Plains All American Pipeline Trading Up 0.1%

NYSE:PAA opened at $17.80 on Friday. Plains All American Pipeline, L.P. has a 52-week low of $15.57 and a 52-week high of $21.00. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $17.10 and a 200-day simple moving average of $17.52. The company has a market capitalization of $12.56 billion, a PE ratio of 24.39 and a beta of 0.59.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Wednesday, November 5th. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. Plains All American Pipeline’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, equities research analysts expect that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Friday, October 31st. Plains All American Pipeline’s payout ratio is currently 125.62%.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.