Corps Capital Advisors LLC Invests $836,000 in Plains All American Pipeline, L.P. (NYSE:PAA)

Corps Capital Advisors LLC acquired a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 48,971 shares of the pipeline company's stock, valued at approximately $836,000.

Other hedge funds also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter valued at approximately $1,708,000. Stifel Financial Corp boosted its stake in Plains All American Pipeline by 30.6% in the 3rd quarter. Stifel Financial Corp now owns 230,729 shares of the pipeline company's stock worth $4,008,000 after purchasing an additional 54,111 shares during the period. FMR LLC boosted its stake in Plains All American Pipeline by 91.1% in the 3rd quarter. FMR LLC now owns 600,282 shares of the pipeline company's stock worth $10,427,000 after purchasing an additional 286,222 shares during the period. PFG Investments LLC boosted its stake in Plains All American Pipeline by 47.0% in the 4th quarter. PFG Investments LLC now owns 45,151 shares of the pipeline company's stock worth $771,000 after purchasing an additional 14,432 shares during the period. Finally, Caprock Group LLC bought a new position in Plains All American Pipeline in the 4th quarter worth approximately $591,000. 41.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAA has been the subject of several recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $19.00 price target on shares of Plains All American Pipeline in a research note on Friday, November 15th. Raymond James upped their price target on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 28th. Scotiabank restated a "sector outperform" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, January 10th. Wolfe Research upgraded 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 note on Friday, January 10th. Finally, Barclays upped their price target on 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.21.

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Plains All American Pipeline Trading Down 0.7 %

PAA traded down $0.14 during trading on Friday, reaching $20.48. The company had a trading volume of 3,845,205 shares, compared to its average volume of 4,292,827. The stock has a market cap of $14.41 billion, a P/E ratio of 28.05 and a beta of 1.65. The business has a 50 day simple moving average of $19.00 and a 200-day simple moving average of $18.04. Plains All American Pipeline, L.P. has a 52 week low of $16.18 and a 52 week high of $21.00. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.38 dividend. The ex-dividend date was Friday, January 31st. This is an increase 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 7.42%. Plains All American Pipeline's dividend payout ratio (DPR) is currently 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.