ORG Partners LLC Buys 730 Shares of Plains All American Pipeline, LP (NYSE:PAA)

ORG Partners LLC boosted its position in Plains All American Pipeline, LP (NYSE:PAA – Free Report) by 78.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,660 shares of the pipeline company’s stock after acquiring an additional 730 shares during the quarter. ORG Partners LLC’s holdings in Plains All American Pipeline were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of Plains All American Pipeline in the 1st quarter valued at approximately $26,000. Future Financial Wealth Managment LLC bought a new position in shares of Plains All American Pipeline in the 1st quarter valued at approximately $28,000. Evermay Wealth Management LLC bought a new position in shares of Plains All American Pipeline in the first quarter worth about $35,000. Scarborough Advisors LLC bought a new position in shares of Plains All American Pipeline in the fourth quarter valued at about $46,000. Finally, Mather Group LLC. bought a new position in shares of Plains All American Pipeline in the first quarter worth about $76,000. Institutional investors own 41.78% of the company’s shares.

Analyst upgrades and downgrades

Several equities analysts recently commented on PAA shares. Citigroup upped their target price on Plains All American Pipeline from $17.50 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. TD Securities boosted their price target on Plains All American Pipeline from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. Wells Fargo & Company boosted their price target on Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. StockNews.com downgraded Plains All American Pipeline from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley boosted their price target on Plains All American Pipeline from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.64.

Check out our latest research report on PAA

Plains All American Pipeline inventories rose 1.0%

NYSE PAA opened at $17.54 on Friday. The stock has a fifty day moving average of $17.86 and a 200 day moving average of $17.31. The stock has a market cap of $12.30 billion, a P/E ratio of 15.12 and a beta of 1.61. Plains All American Pipeline, LP has a 52-week low of $14.25 and a 52-week high of $19.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88, and a current ratio of 0.97.

Plains All American Pipeline (NYSE:PAA – Get Free Report ) last issued its earnings results on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $12.93 billion during the quarter, compared to analysts’ expectations of $12.32 billion. Plains All American Pipeline had a return on equity of 11.50% and a net margin of 2.07%. The company’s revenue for the quarter was up 11.5% year over year. During the same period last year, the firm earned $0.25 EPS. On average, equities research analysts forecast that Plains All American Pipeline, LP will post 1.32 EPS for the current year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were paid a $0.3175 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents an annualized dividend of $1.27 and a dividend yield of 7.24%. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 109.48%.

Plains All American Pipeline Profile

(Free Report)

Plains All American Pipeline, LP, through its subsidiaries, engages in the pipeline transportation, completion, 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 NGLs. The Crude Oil segment provides the collection and transportation of crude oil through pipelines, gathering systems, trucks, and barges or railcars.

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