Natixis Acquires 675,000 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Natixis grew its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,707,900 shares of the pipeline company's stock after purchasing an additional 675,000 shares during the quarter. Natixis owned approximately 0.38% of Plains All American Pipeline worth $46,251,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in Plains All American Pipeline by 4.7% in the 4th quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock worth $223,000 after buying an additional 583 shares during the period. Financial Sense Advisors Inc. raised its stake 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 valued at $274,000 after purchasing an additional 823 shares during the period. World Investment Advisors grew its holdings in Plains All American Pipeline by 4.2% during the 4th quarter. World Investment Advisors now owns 21,100 shares of the pipeline company's stock valued at $360,000 after buying an additional 850 shares in the last quarter. Eclectic Associates Inc. ADV increased its holdings in Plains All American Pipeline by 7.6% during the 4th quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company's stock worth $207,000 after acquiring an additional 854 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Plains All American Pipeline by 5.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company's stock worth $294,000 after acquiring an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Trading Up 2.3 %

NYSE PAA traded up $0.40 on Thursday, hitting $18.06. The company's stock had a trading volume of 1,925,965 shares, compared to its average volume of 3,050,291. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The company's 50-day simple moving average is $19.03 and its 200 day simple moving average is $18.44. The firm has a market cap of $12.71 billion, a P/E ratio of 24.72 and a beta of 1.17. Plains All American Pipeline, L.P. has a 52-week low of $15.58 and a 52-week high of $21.00.

Plains All American Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's payout ratio is currently 208.22%.

Analyst Upgrades and Downgrades

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