World Investment Advisors Raises Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

World Investment Advisors lifted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 4.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 21,100 shares of the pipeline company’s stock after buying an additional 850 shares during the period. World Investment Advisors’ holdings in Plains All American Pipeline were worth $360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Plains All American Pipeline in the third quarter valued at $27,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Plains All American Pipeline in the 4th quarter worth about $27,000. National Bank of Canada FI acquired a new stake in Plains All American Pipeline in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp increased 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 valued at $61,000 after acquiring an additional 3,368 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Plains All American Pipeline during the 4th quarter valued at about $97,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on PAA shares. Scotiabank reduced their price target on shares of Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. Morgan Stanley increased their target price on Plains All American Pipeline from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, March 25th. Raymond James raised their price target on 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. Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.23.

Plains All American Pipeline Trading Down 2.7 %

NYSE PAA opened at $16.03 on Wednesday. The company has a market cap of $11.28 billion, a P/E ratio of 21.96 and a beta of 1.17. Plains All American Pipeline, L.P. has a 12 month low of $15.84 and a 12 month high of $21.00. 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 company has a 50-day moving average of $19.64 and a 200-day moving average of $18.47.

Plains All American Pipeline Dividend Announcement

The business 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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.48%. The ex-dividend date is Thursday, May 1st. Plains All American Pipeline’s dividend payout ratio (DPR) is 208.22%.

About Plains All American Pipeline

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.