Cohen & Steers Inc. Buys 20,020 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Cohen & Steers Inc. increased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,561,945 shares of the pipeline company's stock after buying an additional 20,020 shares during the period. Cohen & Steers Inc. owned 0.22% of Plains All American Pipeline worth $26,678,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Plains All American Pipeline in the third quarter valued at $27,000. Newbridge Financial Services Group Inc. acquired a new position in Plains All American Pipeline in the 4th quarter valued at about $27,000. National Bank of Canada FI bought a new position in Plains All American Pipeline in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp raised its holdings in Plains All American Pipeline by 1,684.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock valued at $61,000 after acquiring an additional 3,368 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in Plains All American Pipeline during the fourth quarter worth approximately $97,000. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Price Performance

Shares of PAA traded up $0.24 during mid-day trading on Friday, reaching $17.74. The company had a trading volume of 2,799,958 shares, compared to its average volume of 3,072,269. Plains All American Pipeline, L.P. has a 1-year low of $15.58 and a 1-year high of $21.00. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 24.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company's 50 day simple moving average is $19.14 and its 200 day simple moving average is $18.44.

Plains All American Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a yield of 8.57%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PAA. Scotiabank lowered their target price on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Morgan Stanley increased their price objective on Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 25th. Barclays dropped their target price on Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Wolfe Research raised 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 research report on Friday, January 10th. Finally, Raymond James lifted their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.36.

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.