Jump Financial LLC Decreases Holdings in Plains All American Pipeline, L.P. $PAA

Jump Financial LLC lowered its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 79.3% in the first quarter, Holdings Channel reports. The firm owned 101,023 shares of the pipeline company’s stock after selling 387,650 shares during the period. Jump Financial LLC’s holdings in Plains All American Pipeline were worth $2,020,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Plains All American Pipeline by 107.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company’s stock worth $26,000 after buying an additional 657 shares during the last quarter. North Capital Inc. acquired a new stake in shares of Plains All American Pipeline in the first quarter worth approximately $61,000. National Bank of Canada FI boosted its stake in shares of Plains All American Pipeline by 99.4% in the first quarter. National Bank of Canada FI now owns 3,210 shares of the pipeline company’s stock worth $64,000 after acquiring an additional 1,600 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of Plains All American Pipeline during the first quarter worth approximately $68,000. Finally, Cheviot Value Management LLC acquired a new position in Plains All American Pipeline in the 1st quarter valued at $71,000. 41.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PAA shares. Zacks Research raised shares of Plains All American Pipeline to a “hold” rating in a research note on Monday, August 11th. Wolfe Research reiterated a “peer perform” rating on shares of Plains All American Pipeline in a research report on Friday, July 25th. JPMorgan Chase & Co. set a $20.00 price target on shares of Plains All American Pipeline in a research report on Friday, August 8th. Barclays reaffirmed an “underweight” rating on shares of Plains All American Pipeline in a research note on Friday, August 8th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Plains All American Pipeline in a report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.42.

Plains All American Pipeline Trading Up 1.4%

Shares of Plains All American Pipeline stock opened at $17.61 on Thursday. The stock has a 50 day moving average of $18.20 and a 200 day moving average of $18.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 24.12 and a beta of 0.73. Plains All American Pipeline, L.P. has a fifty-two week low of $15.57 and a fifty-two week high of $21.00.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Friday, August 8th. The pipeline company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.Plains All American Pipeline’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. As a group, research analysts predict that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a yield of 8.6%. Plains All American Pipeline’s dividend payout ratio is presently 172.73%.

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.