HUB Investment Partners LLC Buys 33,820 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

HUB Investment Partners LLC boosted its position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 97.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,582 shares of the pipeline company's stock after acquiring an additional 33,820 shares during the period. HUB Investment Partners LLC's holdings in Plains All American Pipeline were worth $1,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Plains All American Pipeline by 58.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,571 shares of the pipeline company's stock worth $125,439,000 after buying an additional 2,677,951 shares during the period. ING Groep NV boosted its stake in Plains All American Pipeline by 194.5% in the fourth quarter. ING Groep NV now owns 3,892,637 shares of the pipeline company's stock valued at $66,486,000 after acquiring an additional 2,570,700 shares during the last quarter. Citigroup Inc. grew its holdings in Plains All American Pipeline by 48.9% during the 3rd quarter. Citigroup Inc. now owns 3,428,897 shares of the pipeline company's stock worth $59,560,000 after acquiring an additional 1,125,386 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Plains All American Pipeline during the 3rd quarter valued at $11,634,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Plains All American Pipeline during the 4th quarter valued at $11,247,000. 41.78% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PAA shares. Morgan Stanley lifted their price objective on Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Wells Fargo & Company lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. 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 report on Friday, January 10th. Raymond James lifted their price objective 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. Finally, Barclays upped their target price on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Plains All American Pipeline currently has an average rating of "Hold" and an average target price of $20.23.

Plains All American Pipeline Stock Up 0.0 %

PAA stock traded up $0.01 during trading hours on Tuesday, reaching $20.18. 1,519,997 shares of the stock were exchanged, compared to its average volume of 2,997,413. The firm's 50-day moving average is $19.96 and its 200-day moving average is $18.37. Plains All American Pipeline, L.P. has a 12 month low of $16.21 and a 12 month high of $21.00. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 27.64 and a beta of 1.62. 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.38 dividend. The ex-dividend date was Friday, January 31st. This is an increase from Plains All American Pipeline's previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.53%. Plains All American Pipeline's dividend payout ratio (DPR) is 208.22%.

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.