Plains All American Pipeline, L.P. (NYSE:PAA) Shares Purchased by Rothschild Investment LLC

Rothschild Investment LLC increased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 66.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,500 shares of the pipeline company’s stock after acquiring an additional 3,800 shares during the period. Rothschild Investment LLC’s holdings in Plains All American Pipeline were worth $162,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in Plains All American Pipeline by 63.1% during the 4th quarter. IFP Advisors Inc now owns 11,911 shares of the pipeline company’s stock worth $203,000 after acquiring an additional 4,606 shares in the last quarter. Dividend Assets Capital LLC raised its position in Plains All American Pipeline by 11.5% in the 4th quarter. Dividend Assets Capital LLC now owns 136,566 shares of the pipeline company’s stock valued at $2,333,000 after purchasing an additional 14,104 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new stake in Plains All American Pipeline in the 4th quarter valued at about $474,000. ING Groep NV raised its position in Plains All American Pipeline by 194.5% in the 4th quarter. ING Groep NV now owns 3,892,637 shares of the pipeline company’s stock valued at $66,486,000 after purchasing an additional 2,570,700 shares in the last quarter. Finally, Hardy Reed LLC raised its position in Plains All American Pipeline by 11.7% in the 4th quarter. Hardy Reed LLC now owns 41,850 shares of the pipeline company’s stock valued at $715,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Analysts Set New Price Targets

PAA has been the topic of a number of analyst reports. Wells Fargo & Company lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $22.00 to $20.00 in a research report on Wednesday, December 18th. 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. Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 price target on shares of Plains All American Pipeline in a research report on Friday, November 15th. Finally, Barclays increased their price objective on Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.21.

Plains All American Pipeline Trading Down 0.9 %

NYSE:PAA opened at $20.11 on Wednesday. The stock’s 50 day moving average price is $19.10 and its 200 day moving average price is $18.08. The company has a market capitalization of $14.15 billion, a PE ratio of 27.55 and a beta of 1.65. 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, L.P. has a 52-week low of $16.18 and a 52-week high of $21.00.

Plains All American Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date was Friday, January 31st. This is an increase 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%.

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.