Westmount Partners LLC Invests $177,000 in Plains All American Pipeline, L.P. (NYSE:PAA)

Westmount Partners LLC acquired a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,334 shares of the pipeline company’s stock, valued at approximately $177,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Plains All American Pipeline during the third quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new position in Plains All American Pipeline during the third quarter valued at $28,000. Sunbelt Securities Inc. lifted its position in Plains All American Pipeline by 53.2% during the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 1,318 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Plains All American Pipeline by 31.2% during the second quarter. Brown Brothers Harriman & Co. now owns 4,460 shares of the pipeline company’s stock valued at $80,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Plains All American Pipeline by 16.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock traded up $0.07 during trading on Monday, reaching $18.95. The company’s stock had a trading volume of 1,770,256 shares, compared to its average volume of 4,677,481. The company has a 50-day moving average price of $17.58 and a two-hundred day moving average price of $17.68. The firm has a market cap of $13.33 billion, a PE ratio of 16.92 and a beta of 1.64. Plains All American Pipeline, L.P. has a fifty-two week low of $15.02 and a fifty-two week high of $19.31. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The firm had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the firm posted $0.35 EPS. Plains All American Pipeline’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that Plains All American Pipeline, L.P. will post 1.24 EPS for the current year.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.02%. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s dividend payout ratio is currently 135.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAA. Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Morgan Stanley lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $22.00 to $19.00 in a report on Friday, October 25th. Scotiabank restated a “sector outperform” rating and issued a $23.00 price target on shares of Plains All American Pipeline in a report on Friday. Bank of America assumed coverage on shares of Plains All American Pipeline in a report on Thursday, October 17th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Wolfe Research raised shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Plains All American Pipeline has an average rating of “Hold” and an average target price of $20.00.

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.