Dividend Assets Capital LLC Grows Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Dividend Assets Capital LLC increased its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,566 shares of the pipeline company’s stock after purchasing an additional 14,104 shares during the period. Dividend Assets Capital LLC’s holdings in Plains All American Pipeline were worth $2,333,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PAA. Manning & Napier Advisors LLC purchased a new stake in shares of Plains All American Pipeline in the 4th quarter worth about $1,708,000. Stifel Financial Corp boosted its stake in 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 acquiring an additional 54,111 shares in the last quarter. FMR LLC increased its stake 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 valued at $10,427,000 after purchasing an additional 286,222 shares in the last quarter. PFG Investments LLC increased its stake 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 valued at $771,000 after purchasing an additional 14,432 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Plains All American Pipeline during the fourth quarter valued at approximately $591,000. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Down 0.7 %

Plains All American Pipeline stock opened at $20.48 on Friday. The stock has a market cap of $14.41 billion, a PE ratio of 13.66 and a beta of 1.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a fifty day moving average of $18.94 and a 200 day moving average of $18.01. Plains All American Pipeline, L.P. has a one year low of $16.18 and a one year high of $21.00.

Plains All American Pipeline Increases Dividend

The firm 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 7.42%. The ex-dividend date 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 (DPR) is currently 208.22%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays upped their price target on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a report on Friday, November 15th. Scotiabank reaffirmed a “sector outperform” rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research report on Friday, January 10th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Morgan Stanley lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $22.00 to $19.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Plains All American Pipeline currently has an average rating of “Hold” and a consensus target price 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.