Deutsche Bank AG Reduces Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Deutsche Bank AG lowered its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,426,907 shares of the pipeline company’s stock after selling 858,510 shares during the period. Deutsche Bank AG owned about 0.34% of Plains All American Pipeline worth $41,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PAA. Newbridge Financial Services Group Inc. acquired a new stake in shares of Plains All American Pipeline in the fourth quarter valued at approximately $27,000. National Bank of Canada FI acquired a new stake in Plains All American Pipeline during the 4th quarter worth $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 worth $61,000 after purchasing an additional 3,368 shares during the period. CoreFirst Bank & Trust purchased a new position in Plains All American Pipeline during the 4th quarter worth $97,000. Finally, Rothschild Investment LLC increased its stake in Plains All American Pipeline by 66.7% in the fourth quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company’s stock valued at $162,000 after purchasing an additional 3,800 shares during the period. 41.78% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline Trading Up 2.6%

Shares of PAA opened at $17.58 on Wednesday. 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 current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $12.37 billion, a P/E ratio of 24.08 and a beta of 0.70. The firm’s 50-day moving average is $18.25 and its two-hundred day moving average is $18.43.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, research analysts predict that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 163.44%.

Analyst Ratings Changes

PAA has been the topic of a number of research reports. Raymond James reissued a “strong-buy” rating on shares of Plains All American Pipeline in a report on Friday. Scotiabank lowered their target price on Plains All American Pipeline from $21.00 to $20.00 and set a “sector outperform” rating on the stock in a research note on Monday. Barclays restated an “underweight” rating and set a $18.00 price target on shares of Plains All American Pipeline in a research note on Friday. StockNews.com cut shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research note on Monday. Finally, UBS Group restated a “buy” rating on shares of Plains All American Pipeline in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.40.

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.