Plains All American Pipeline, L.P. (NYSE:PAA) Shares Bought by NBW Capital LLC

NBW Capital LLC boosted its position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 632,488 shares of the pipeline company's stock after purchasing an additional 44,080 shares during the period. Plains All American Pipeline makes up approximately 2.0% of NBW Capital LLC's investment portfolio, making the stock its 13th biggest holding. NBW Capital LLC owned approximately 0.09% of Plains All American Pipeline worth $10,803,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PAA. Manning & Napier Advisors LLC purchased a new position in shares of Plains All American Pipeline during the fourth quarter worth approximately $1,708,000. Stifel Financial Corp grew its stake in Plains All American Pipeline by 30.6% in the third 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 in the last quarter. FMR LLC increased its holdings in Plains All American Pipeline by 91.1% during 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 raised 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 in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Plains All American Pipeline in the 4th quarter worth $591,000. Institutional investors own 41.78% of the company's stock.

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Plains All American Pipeline Stock Performance

PAA stock traded up $0.35 during trading on Friday, hitting $19.35. 3,306,813 shares of the company traded hands, compared to its average volume of 4,303,884. The company has a market cap of $13.62 billion, a PE ratio of 26.51 and a beta of 1.62. Plains All American Pipeline, L.P. has a 1 year low of $16.21 and a 1 year high of $21.00. The stock's 50-day simple moving average is $19.48 and its 200 day simple moving average is $18.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.86%. This is an increase 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 is presently 208.22%.

Analyst Ratings Changes

A number of research firms recently weighed in on PAA. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. Wolfe Research raised shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a report on Friday, January 10th. Barclays upped their target price 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. Wells Fargo & Company lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Scotiabank lowered their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.14.

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.