BNP Paribas Financial Markets Trims Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

BNP Paribas Financial Markets trimmed its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,014,046 shares of the pipeline company's stock after selling 200,289 shares during the period. BNP Paribas Financial Markets owned approximately 0.29% of Plains All American Pipeline worth $34,400,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Scotiabank cut their price target on shares of Plains All American Pipeline from $21.00 to $20.00 and set a "sector outperform" rating for the company in a research note on Monday. Barclays reaffirmed an "underweight" rating and set a $18.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. UBS Group reissued a "buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.40.

Plains All American Pipeline Trading Down 1.1%

Shares of PAA traded down $0.19 during mid-day trading on Wednesday, reaching $17.39. 942,994 shares of the company's stock traded hands, compared to its average volume of 3,104,578. Plains All American Pipeline, L.P. has a 12 month low of $15.58 and a 12 month high of $21.00. The stock's 50-day moving average is $18.25 and its two-hundred day moving average is $18.43. The stock has a market cap of $12.24 billion, a P/E ratio of 23.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same period in the previous year, the business posted $0.41 earnings per share. Plains All American Pipeline's revenue was up .1% on a year-over-year basis. Research analysts forecast that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio (DPR) is presently 163.44%.

About Plains All American Pipeline

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.