Aviance Capital Partners LLC Sells 100,389 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Aviance Capital Partners LLC lowered its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 76.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,126 shares of the pipeline company's stock after selling 100,389 shares during the period. Aviance Capital Partners LLC's holdings in Plains All American Pipeline were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PAA. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline during the 3rd quarter valued at $27,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Plains All American Pipeline in the fourth quarter valued at $27,000. Jones Financial Companies Lllp raised its stake in shares of Plains All American Pipeline by 1,684.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock valued at $61,000 after purchasing an additional 3,368 shares during the period. Avior Wealth Management LLC lifted its holdings in Plains All American Pipeline by 100.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company's stock worth $139,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in Plains All American Pipeline by 66.7% in the 4th quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company's stock worth $162,000 after purchasing an additional 3,800 shares during the period. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank decreased their price target on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 6th. Barclays upped their target price on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Royal Bank of Canada reissued a "sector perform" rating and issued a $19.00 price target on shares of Plains All American Pipeline in a report on Friday, November 15th. 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 for the company in a research report on Friday, January 10th. Finally, Raymond James increased their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.14.

Plains All American Pipeline Price Performance

Shares of PAA traded down $0.11 during midday trading on Tuesday, reaching $19.32. The stock had a trading volume of 3,307,428 shares, compared to its average volume of 2,955,473. The company has a market capitalization of $13.60 billion, a price-to-earnings ratio of 26.47 and a beta of 1.62. 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 12-month low of $16.21 and a 12-month high of $21.00. The company's 50-day moving average is $19.63 and its 200 day moving average is $18.23.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.38 per share. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date was Friday, January 31st. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

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.