Plains All American Pipeline, L.P. (NYSE:PAA) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 74.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,491 shares of the pipeline company's stock after acquiring an additional 25,013 shares during the quarter. Parkside Financial Bank & Trust's holdings in Plains All American Pipeline were worth $999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Plains All American Pipeline in the 3rd quarter worth approximately $27,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Plains All American Pipeline during the fourth quarter valued at about $27,000. Avior Wealth Management LLC lifted its position in shares of Plains All American Pipeline by 100.0% in the third quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company's stock worth $139,000 after buying an additional 4,000 shares in the last quarter. Rothschild Investment LLC grew its holdings in Plains All American Pipeline by 66.7% during the 4th quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company's stock valued at $162,000 after buying an additional 3,800 shares in the last quarter. Finally, Westmount Partners LLC purchased a new stake in shares of Plains All American Pipeline during the 4th quarter worth approximately $177,000. Hedge funds and other institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Stock Performance

NYSE:PAA traded down $0.65 during mid-day trading on Tuesday, reaching $19.31. 5,560,372 shares of the stock were exchanged, compared to its average volume of 4,285,068. The company has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $18.16. The stock has a market capitalization of $13.58 billion, a P/E ratio of 26.44 and a beta of 1.65. Plains All American Pipeline, L.P. has a 1 year low of $16.21 and a 1 year 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.

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Plains All American Pipeline Increases Dividend

The business also recently disclosed 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 represents a $1.52 dividend on an annualized basis and a yield of 7.87%. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, January 31st. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Friday, January 10th. Barclays raised their price objective on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Raymond James increased their price objective on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 28th. Scotiabank reaffirmed a "sector outperform" rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 10th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Plains All American Pipeline presently has an average rating of "Hold" and an average price target of $20.21.

About Plains All American Pipeline

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.