12,938 Shares in Plains All American Pipeline, L.P. (NYSE:PAA) Bought by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,938 shares of the pipeline company's stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also modified their holdings of PAA. Financial Sense Advisors Inc. lifted its holdings in shares of Plains All American Pipeline by 5.4% during the 4th quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company's stock worth $274,000 after acquiring an additional 823 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Plains All American Pipeline by 30.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 93,562 shares of the pipeline company's stock valued at $1,598,000 after purchasing an additional 21,969 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Plains All American Pipeline by 10.4% in the fourth quarter. D.A. Davidson & CO. now owns 25,271 shares of the pipeline company's stock valued at $432,000 after acquiring an additional 2,384 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Plains All American Pipeline by 16.9% in the fourth quarter. Sanctuary Advisors LLC now owns 64,854 shares of the pipeline company's stock valued at $1,108,000 after buying an additional 9,360 shares during the last quarter. Finally, Lee Financial Co boosted its holdings in Plains All American Pipeline by 7.8% in the fourth quarter. Lee Financial Co now owns 43,875 shares of the pipeline company's stock worth $749,000 after purchasing an additional 3,170 shares during the period. Institutional investors and hedge funds own 41.78% of the company's stock.

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Plains All American Pipeline Stock Performance

PAA stock traded down $0.35 during mid-day trading on Wednesday, hitting $18.95. 4,431,840 shares of the company were exchanged, compared to its average volume of 4,329,694. The stock has a market capitalization of $13.33 billion, a PE ratio of 25.96 and a beta of 1.65. 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, L.P. has a 1-year low of $16.21 and a 1-year high of $21.00. The business has a 50 day simple moving average of $19.43 and a 200-day simple moving average of $18.18.

Plains All American Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.38 per share. 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. The ex-dividend date of this dividend was Friday, January 31st. Plains All American Pipeline's dividend payout ratio is presently 208.22%.

Analyst Ratings Changes

Several equities research analysts have commented on PAA shares. Wells Fargo & Company lowered shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. Wolfe Research upgraded shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a report on Friday, January 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Barclays boosted their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Finally, Raymond James upped their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $20.21.

Plains All American Pipeline Company 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.