Plains All American Pipeline, L.P. (NYSE:PAA) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 4.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,083 shares of the pipeline company’s stock after acquiring an additional 583 shares during the quarter. Larson Financial Group LLC’s holdings in Plains All American Pipeline were worth $223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in Plains All American Pipeline during the fourth quarter valued at approximately $1,708,000. Stifel Financial Corp lifted its position in shares of Plains All American Pipeline by 30.6% during the third quarter. Stifel Financial Corp now owns 230,729 shares of the pipeline company’s stock worth $4,008,000 after purchasing an additional 54,111 shares in the last quarter. FMR LLC lifted its position in shares of Plains All American Pipeline by 91.1% during the third quarter. FMR LLC now owns 600,282 shares of the pipeline company’s stock worth $10,427,000 after purchasing an additional 286,222 shares in the last quarter. PFG Investments LLC lifted its position in shares of Plains All American Pipeline by 47.0% during the fourth quarter. PFG Investments LLC now owns 45,151 shares of the pipeline company’s stock worth $771,000 after purchasing an additional 14,432 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Plains All American Pipeline during the fourth quarter worth $591,000. 41.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $19.00 target price on shares of Plains All American Pipeline in a research report on Friday, November 15th. Scotiabank reduced their target price on shares of Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 6th. Raymond James boosted 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. Finally, 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 for the company in a research note on Friday, January 10th. Two research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.14.

Plains All American Pipeline Stock Down 0.6 %

Shares of NYSE:PAA opened at $19.32 on Wednesday. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 26.47 and a beta of 1.62. Plains All American Pipeline, L.P. has a 1-year low of $16.21 and a 1-year high of $21.00. The company’s fifty day moving average is $19.63 and its two-hundred day moving average is $18.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.87%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is 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.