Invesco Ltd. Has $475.30 Million Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Invesco Ltd. increased its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,827,930 shares of the pipeline company's stock after acquiring an additional 1,224,381 shares during the quarter. Invesco Ltd. owned approximately 3.95% of Plains All American Pipeline worth $475,301,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Plains All American Pipeline in the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Plains All American Pipeline in the fourth quarter worth about $27,000. National Bank of Canada FI acquired a new stake in shares of Plains All American Pipeline in the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its stake in Plains All American Pipeline by 1,684.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock valued at $61,000 after purchasing an additional 3,368 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Plains All American Pipeline during the fourth quarter worth about $97,000. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Stock Performance

Shares of NYSE PAA traded up $0.36 during trading hours on Monday, reaching $17.14. The stock had a trading volume of 1,375,152 shares, compared to its average volume of 3,102,355. Plains All American Pipeline, L.P. has a twelve month low of $15.58 and a twelve month high of $21.00. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 23.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The business's fifty day moving average is $19.38 and its two-hundred day moving average is $18.45.

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Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PAA shares. Wolfe Research raised 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 report on Friday, January 10th. Morgan Stanley boosted their price objective on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 25th. Barclays cut their price target 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. Raymond James raised their price target on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. Finally, Scotiabank reduced their target price on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Plains All American Pipeline has an average rating of "Hold" and a consensus price target of $20.50.

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.