Kovitz Investment Group Partners LLC Acquires 27,491 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Kovitz Investment Group Partners LLC boosted its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 697,262 shares of the pipeline company's stock after acquiring an additional 27,491 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.10% of Plains All American Pipeline worth $11,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Manning & Napier Advisors LLC bought a new stake in Plains All American Pipeline in the fourth quarter valued at $1,708,000. PFG Investments LLC increased its position in Plains All American Pipeline by 47.0% during the 4th quarter. PFG Investments LLC now owns 45,151 shares of the pipeline company's stock valued at $771,000 after purchasing an additional 14,432 shares during the period. Caprock Group LLC purchased a new position in Plains All American Pipeline during the 4th quarter valued at $591,000. Syntax Research Inc. purchased a new stake in shares of Plains All American Pipeline in the 3rd quarter worth about $1,742,000. Finally, Clarus Group Inc. grew its position in shares of Plains All American Pipeline by 30.5% in the 4th quarter. Clarus Group Inc. now owns 91,527 shares of the pipeline company's stock worth $1,563,000 after buying an additional 21,400 shares during the period. Hedge funds and other institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Stock Performance

PAA traded up $0.03 during midday trading on Monday, hitting $18.31. 2,533,932 shares of the company traded hands, compared to its average volume of 3,046,956. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $12.89 billion, a PE ratio of 25.08 and a beta of 1.17. The company's 50-day moving average is $18.91 and its 200 day moving average is $18.46. 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.30%. The ex-dividend date is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 208.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley upped their price target on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 25th. Raymond James upped 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 research note on Tuesday, January 28th. 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 on the stock in a research note on Friday, January 10th. Finally, Scotiabank dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.36.

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.