Duff & Phelps Investment Management Co. grew its stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,436,900 shares of the pipeline company's stock after buying an additional 300,000 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.35% of Plains All American Pipeline worth $41,622,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of PAA. Larson Financial Group LLC increased its holdings in shares of Plains All American Pipeline by 4.7% during the 4th quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock valued at $223,000 after purchasing an additional 583 shares in the last quarter. Financial Sense Advisors Inc. raised its holdings in Plains All American Pipeline by 5.4% in the 4th quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company's stock worth $274,000 after purchasing an additional 823 shares during the period. Eclectic Associates Inc. ADV boosted its position in Plains All American Pipeline by 7.6% during the fourth quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company's stock worth $207,000 after purchasing an additional 854 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Plains All American Pipeline by 5.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company's stock valued at $294,000 after purchasing an additional 885 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Plains All American Pipeline by 5.1% in the third quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company's stock valued at $315,000 after buying an additional 887 shares in the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.
Plains All American Pipeline Trading Up 0.1 %
Shares of NYSE PAA traded up $0.02 during mid-day trading on Tuesday, reaching $20.02. 628,882 shares of the company's stock were exchanged, compared to its average volume of 3,059,924. The company's 50-day moving average is $20.00 and its 200-day moving average is $18.47. 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 firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 27.49 and a beta of 1.62. Plains All American Pipeline, L.P. has a 52-week low of $16.21 and a 52-week high of $21.00.
Plains All American Pipeline Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.38 dividend. This is a positive change from Plains All American Pipeline's previous quarterly dividend of $0.32. The ex-dividend date was Friday, January 31st. This represents a $1.52 dividend on an annualized basis and a yield of 7.59%. Plains All American Pipeline's payout ratio is presently 208.22%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on PAA. 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. Raymond James lifted 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 reduced their price objective on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating for the company in a research note on Thursday, March 6th. Barclays lifted 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 research note on Thursday, January 16th. Finally, Morgan Stanley increased their target price on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.23.
Check Out Our Latest Stock Analysis on PAA
Plains All American Pipeline Profile
(
Free Report)
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.
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