Barclays PLC Has $72.19 Million Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Barclays PLC boosted its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 110.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,226,335 shares of the pipeline company's stock after buying an additional 2,218,014 shares during the period. Barclays PLC owned about 0.60% of Plains All American Pipeline worth $72,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PAA. JPMorgan Chase & Co. grew its position in Plains All American Pipeline by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 7,221,571 shares of the pipeline company's stock valued at $125,439,000 after acquiring an additional 2,677,951 shares during the period. ING Groep NV boosted its holdings in shares of Plains All American Pipeline by 194.5% in the 4th quarter. ING Groep NV now owns 3,892,637 shares of the pipeline company's stock worth $66,486,000 after acquiring an additional 2,570,700 shares in the last quarter. Invesco Ltd. grew its position in Plains All American Pipeline by 4.6% during the 4th quarter. Invesco Ltd. now owns 27,827,930 shares of the pipeline company's stock worth $475,301,000 after acquiring an additional 1,224,381 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Plains All American Pipeline by 30.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company's stock valued at $92,470,000 after purchasing an additional 1,162,933 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Plains All American Pipeline in the 4th quarter valued at $11,247,000. Institutional investors own 41.78% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays lowered their target price on Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Scotiabank lowered their price objective 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 report on Thursday, March 6th. Raymond James upped their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Wolfe Research raised 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 report on Friday, January 10th. Finally, Morgan Stanley upped their price objective on Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 25th. One 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's stock. According to data from MarketBeat, Plains All American Pipeline currently has an average rating of "Hold" and a consensus target price of $20.36.

Plains All American Pipeline Trading Up 1.5 %

Shares of Plains All American Pipeline stock traded up $0.27 during trading on Tuesday, hitting $17.60. 487,976 shares of the company were exchanged, compared to its average volume of 4,121,903. The firm has a market capitalization of $12.38 billion, a P/E ratio of 24.10 and a beta of 1.17. The firm's fifty day moving average price is $19.10 and its 200 day moving average price is $18.45. 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, L.P. has a 1-year low of $15.57 and a 1-year high of $21.00.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.38 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.52 annualized dividend and a yield of 8.64%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

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.