Texas Yale Capital Corp. Grows Stake in Plains All American Pipeline Lp $PAA

Texas Yale Capital Corp. lifted its stake in shares of Plains All American Pipeline Lp (NASDAQ:PAA) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 663,763 shares of the company’s stock after purchasing an additional 26,420 shares during the period. Texas Yale Capital Corp. owned about 0.09% of Plains All American Pipeline worth $11,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Newbridge Financial Services Group Inc. increased its stake in shares of Plains All American Pipeline by 40.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the company’s stock worth $41,000 after purchasing an additional 655 shares in the last quarter. Sippican Capital Advisors increased its stake in shares of Plains All American Pipeline by 2.4% during the fourth quarter. Sippican Capital Advisors now owns 32,800 shares of the company’s stock worth $589,000 after purchasing an additional 775 shares in the last quarter. Equitable Holdings Inc. increased its stake in shares of Plains All American Pipeline by 5.0% during the third quarter. Equitable Holdings Inc. now owns 18,428 shares of the company’s stock worth $314,000 after purchasing an additional 875 shares in the last quarter. Clarus Group Inc. increased its stake in shares of Plains All American Pipeline by 0.8% during the fourth quarter. Clarus Group Inc. now owns 114,399 shares of the company’s stock worth $2,055,000 after purchasing an additional 877 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of Plains All American Pipeline by 3.4% during the second quarter. Quantinno Capital Management LP now owns 31,233 shares of the company’s stock worth $572,000 after purchasing an additional 1,034 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Down 1.6%

Shares of NASDAQ PAA opened at $22.43 on Friday. Plains All American Pipeline Lp has a 12-month low of $15.69 and a 12-month high of $24.26. The stock has a market cap of $15.83 billion, a PE ratio of 17.12, a PEG ratio of 10.27 and a beta of 0.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.94. The company’s 50-day simple moving average is $22.24.

Plains All American Pipeline (NASDAQ:PAA) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Plains All American Pipeline had a net margin of 2.53% and a return on equity of 12.17%. The business had revenue of $12.47 billion for the quarter. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that Plains All American Pipeline Lp will post 1.56 EPS for the current fiscal year.

Plains All American Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.4175 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.67 annualized dividend and a dividend yield of 7.4%. Plains All American Pipeline’s dividend payout ratio is 127.48%.

Analysts Set New Price Targets

A number of research firms have recently commented on PAA. Citigroup boosted their target price on shares of Plains All American Pipeline from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. US Capital Advisors cut shares of Plains All American Pipeline from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Plains All American Pipeline from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Plains All American Pipeline in a research note on Friday, April 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Plains All American Pipeline in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.54.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.