Diversified Trust Co. Purchases Shares of 34,221 Plains All American Pipeline Lp $PAA

Diversified Trust Co. purchased a new position in shares of Plains All American Pipeline Lp (NASDAQ:PAA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,221 shares of the company’s stock, valued at approximately $615,000.

Several other hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in Plains All American Pipeline in the first quarter valued at $260,000. Geode Capital Management LLC boosted its stake in Plains All American Pipeline by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 602,204 shares of the company’s stock worth $11,032,000 after buying an additional 5,145 shares during the last quarter. SG Americas Securities LLC boosted its stake in Plains All American Pipeline by 44.3% in the 2nd quarter. SG Americas Securities LLC now owns 12,632 shares of the company’s stock worth $231,000 after buying an additional 3,880 shares during the last quarter. Creative Planning grew its holdings in Plains All American Pipeline by 2.2% in the 2nd quarter. Creative Planning now owns 63,805 shares of the company’s stock valued at $1,169,000 after buying an additional 1,370 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Plains All American Pipeline by 2.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,231,899 shares of the company’s stock valued at $114,168,000 after acquiring an additional 146,105 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

NASDAQ:PAA opened at $22.44 on Friday. The firm has a 50-day moving average of $20.61. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 3.53 and a beta of 0.59. Plains All American Pipeline Lp has a 12 month low of $15.57 and a 12 month high of $22.79. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.97.

Plains All American Pipeline (NASDAQ:PAA) last issued its earnings results on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a return on equity of 10.76% and a net margin of 3.21%.During the same period in the previous year, the company posted $0.42 earnings per share. Plains All American Pipeline’s quarterly revenue was down 12.2% compared to the same quarter last year.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a dividend of $0.4175 per share. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. This represents a $1.67 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Friday, January 30th. Plains All American Pipeline’s payout ratio is 100.60%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Zacks Research lowered shares of Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Citigroup upped their price target on shares of Plains All American Pipeline from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Morgan Stanley increased their target price on Plains All American Pipeline from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Wells Fargo & Company lifted their target price on Plains All American Pipeline from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.85.

Plains All American Pipeline 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.