Stephens Inc. AR Grows Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Stephens Inc. AR increased its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,735 shares of the pipeline company's stock after purchasing an additional 15,049 shares during the quarter. Stephens Inc. AR's holdings in Plains All American Pipeline were worth $1,891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAA. Wilmington Savings Fund Society FSB purchased a new position in Plains All American Pipeline during the 3rd quarter valued at about $27,000. Avior Wealth Management LLC boosted its holdings in Plains All American Pipeline by 100.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company's stock valued at $139,000 after acquiring an additional 4,000 shares during the period. Westmount Partners LLC purchased a new position in Plains All American Pipeline during the 4th quarter valued at about $177,000. Citizens Financial Group Inc. RI purchased a new position in shares of Plains All American Pipeline in the 3rd quarter valued at about $186,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of Plains All American Pipeline in the 3rd quarter valued at about $193,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline Stock Performance

PAA traded up $0.26 during trading on Friday, hitting $19.80. 2,197,093 shares of the stock were exchanged, compared to its average volume of 4,515,200. The firm has a market capitalization of $13.93 billion, a P/E ratio of 17.68 and a beta of 1.65. Plains All American Pipeline, L.P. has a 1-year low of $15.64 and a 1-year high of $21.00. The stock has a fifty day moving average price of $18.75 and a two-hundred day moving average price of $17.95. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

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Plains All American Pipeline Increases Dividend

The business also recently declared 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 7.68%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. Plains All American Pipeline's dividend payout ratio is 135.71%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank reiterated a "sector outperform" rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a research note on Friday, January 10th. Morgan Stanley cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $22.00 to $19.00 in a research note on Friday, October 25th. Wolfe Research upgraded Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Friday, January 10th. Raymond James lifted their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price objective on 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 analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.21.

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.