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

NBW Capital LLC boosted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 2.0% of NBW Capital LLC’s portfolio, making the stock its 13th biggest position. NBW Capital LLC’s holdings in Plains All American Pipeline were worth $10,803,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PAA. Wilmington Savings Fund Society FSB acquired a new position in Plains All American Pipeline during the 3rd quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new position in Plains All American Pipeline during the 4th quarter worth $27,000. Jones Financial Companies Lllp grew its holdings 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 worth $61,000 after acquiring an additional 3,368 shares in the last quarter. Avior Wealth Management LLC grew 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 worth $139,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in Plains All American Pipeline by 66.7% during the 4th quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company’s stock worth $162,000 after acquiring an additional 3,800 shares in the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on PAA. Barclays raised their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a report on Friday, November 15th. Wells Fargo & Company lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Raymond James lifted 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 reaffirmed a “sector outperform” rating and issued a $23.00 price target on shares of Plains All American Pipeline in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Plains All American Pipeline currently has a consensus rating of “Hold” and an average target price of $20.21.

Plains All American Pipeline Trading Down 1.9 %

Shares of NYSE:PAA opened at $19.95 on Tuesday. The company has a market cap of $14.04 billion, a PE ratio of 27.33 and a beta of 1.65. The company’s 50-day moving average price is $19.35 and its 200 day moving average price is $18.16. Plains All American Pipeline, L.P. has a fifty-two week low of $16.21 and a fifty-two week high of $21.00. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.38 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 7.62%. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 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.