Plains All American Pipeline, L.P. (NYSE:PAA) Stock Holdings Boosted by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,436,900 shares of the pipeline company’s stock after acquiring an additional 300,000 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Plains All American Pipeline were worth $41,622,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in Plains All American Pipeline during the third quarter valued at about $27,000. Newbridge Financial Services Group Inc. acquired a new position in Plains All American Pipeline in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its position in Plains All American Pipeline by 1,684.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 3,368 shares during the last quarter. CoreFirst Bank & Trust bought a new position in Plains All American Pipeline during the fourth quarter valued at approximately $97,000. Finally, Rothschild Investment LLC boosted its holdings 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 worth $162,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

Shares of PAA opened at $20.09 on Friday. The company has a 50 day moving average of $19.99 and a 200-day moving average of $18.42. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $14.14 billion, a P/E ratio of 27.52 and a beta of 1.62. Plains All American Pipeline, L.P. has a twelve month low of $16.21 and a twelve month 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. Investors of record on Friday, January 31st were issued a dividend of $0.38 per share. The ex-dividend date was Friday, January 31st. This represents a $1.52 dividend on an annualized basis and a yield of 7.57%. 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 presently 208.22%.

Analyst Ratings Changes

A number of research analysts have weighed in on PAA shares. Scotiabank cut their target price on shares of 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 downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Raymond James lifted their target price on shares of 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. Morgan Stanley upped their price target on Plains All American Pipeline from $19.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, 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 report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.23.

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.