Plains All American Pipeline, L.P. (NYSE:PAA) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 1,684.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,568 shares of the pipeline company’s stock after purchasing an additional 3,368 shares during the quarter. Jones Financial Companies Lllp’s holdings in Plains All American Pipeline were worth $61,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Plains All American Pipeline in the 3rd quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Plains All American Pipeline during the 4th quarter worth about $27,000. Avior Wealth Management LLC lifted its position in Plains All American Pipeline by 100.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock worth $139,000 after acquiring an additional 4,000 shares during the period. Rothschild Investment LLC lifted its position in Plains All American Pipeline by 66.7% during the 4th quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company’s stock worth $162,000 after acquiring an additional 3,800 shares during the period. Finally, Westmount Partners LLC acquired a new stake in Plains All American Pipeline during the 4th quarter worth about $177,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

Shares of Plains All American Pipeline stock opened at $19.96 on Tuesday. 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 twelve month low of $16.21 and a twelve month high of $21.00. The business has a 50-day moving average price of $19.81 and a 200 day moving average price of $18.29. The firm has a market cap of $14.05 billion, a PE ratio of 27.34 and a beta of 1.62.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s payout ratio is currently 208.22%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays lifted their price target on 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. Scotiabank lowered their price target on Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Wolfe Research upgraded Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Friday, January 10th. Finally, Raymond James lifted their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.14.

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.