Aptus Capital Advisors LLC Purchases Shares of 92,186 Plains All American Pipeline, L.P. (NYSE:PAA)

Aptus Capital Advisors LLC acquired a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 92,186 shares of the pipeline company's stock, valued at approximately $1,575,000.

Several other hedge funds have also modified their holdings of PAA. Larson Financial Group LLC raised its stake in shares of Plains All American Pipeline by 4.7% during the fourth quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock worth $223,000 after purchasing an additional 583 shares during the last quarter. Financial Sense Advisors Inc. increased its holdings in Plains All American Pipeline by 5.4% in the fourth quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company's stock valued at $274,000 after buying an additional 823 shares in the last quarter. World Investment Advisors lifted its position in shares of Plains All American Pipeline by 4.2% during the 4th quarter. World Investment Advisors now owns 21,100 shares of the pipeline company's stock valued at $360,000 after acquiring an additional 850 shares during the period. Eclectic Associates Inc. ADV boosted its stake in shares of Plains All American Pipeline by 7.6% during the 4th quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company's stock worth $207,000 after acquiring an additional 854 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Plains All American Pipeline by 5.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company's stock worth $294,000 after acquiring an additional 885 shares during the period. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PAA. Raymond James upped their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. 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 report on Friday, January 10th. Barclays lowered their target price on Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Morgan Stanley boosted their price target on Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 25th. Finally, Scotiabank reduced their price objective on shares of Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.36.

Plains All American Pipeline Stock Down 2.8 %

PAA opened at $16.17 on Tuesday. Plains All American Pipeline, L.P. has a 1 year low of $15.58 and a 1 year high of $21.00. The firm has a 50 day moving average price of $18.58 and a 200 day moving average price of $18.45. The company has a market cap of $11.38 billion, a PE ratio of 22.15 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.40%. The ex-dividend date is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

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.

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