SG Americas Securities LLC Invests $908,000 in Plains All American Pipeline Lp $PAA

SG Americas Securities LLC acquired a new stake in shares of Plains All American Pipeline Lp (NASDAQ:PAA) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,657 shares of the company’s stock, valued at approximately $908,000.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its position in Plains All American Pipeline by 40.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the company’s stock valued at $41,000 after acquiring an additional 655 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Plains All American Pipeline in the 4th quarter valued at $42,000. Fulcrum Asset Management LLP bought a new position in shares of Plains All American Pipeline in the 3rd quarter worth $50,000. Farther Finance Advisors LLC lifted its stake in shares of Plains All American Pipeline by 342.7% during the 4th quarter. Farther Finance Advisors LLC now owns 4,068 shares of the company’s stock worth $73,000 after purchasing an additional 3,149 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Plains All American Pipeline by 93.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,232 shares of the company’s stock worth $78,000 after purchasing an additional 2,041 shares during the last quarter. 41.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial started coverage on Plains All American Pipeline in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 target price on the stock. Barclays increased their price target on shares of Plains All American Pipeline from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Scotiabank raised their price target on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. UBS Group reaffirmed a “buy” rating on shares of Plains All American Pipeline in a research report on Tuesday, June 16th. Finally, The Goldman Sachs Group upgraded shares of Plains All American Pipeline from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $18.00 to $24.00 in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Plains All American Pipeline presently has an average rating of “Hold” and a consensus target price of $22.93.

Plains All American Pipeline Stock Performance

Shares of NASDAQ:PAA opened at $22.51 on Monday. The business’s 50-day moving average is $22.43 and its 200 day moving average is $20.97. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.94 and a quick ratio of 0.88. Plains All American Pipeline Lp has a 1 year low of $15.69 and a 1 year high of $24.26. The firm has a market capitalization of $15.88 billion, a P/E ratio of 17.18, a P/E/G ratio of 10.32 and a beta of 0.50.

Plains All American Pipeline (NASDAQ:PAA) last posted 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 company had revenue of $12.47 billion for the quarter. During the same quarter in the prior year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts predict that Plains All American Pipeline Lp will post 1.56 earnings per share for the current fiscal year.

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.