Plains All American Pipeline, L.P. (NYSE:PAA) Holdings Cut by Deutsche Bank AG

Deutsche Bank AG lessened its position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,426,907 shares of the pipeline company's stock after selling 858,510 shares during the period. Deutsche Bank AG owned approximately 0.34% of Plains All American Pipeline worth $41,452,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. increased its position in shares of Plains All American Pipeline by 4.6% during the fourth quarter. Invesco Ltd. now owns 27,827,930 shares of the pipeline company's stock worth $475,301,000 after buying an additional 1,224,381 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in Plains All American Pipeline by 0.6% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 13,321,966 shares of the pipeline company's stock worth $227,539,000 after purchasing an additional 75,509 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Plains All American Pipeline by 8.7% during the 4th quarter. JPMorgan Chase & Co. now owns 7,851,712 shares of the pipeline company's stock valued at $134,107,000 after buying an additional 630,141 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Plains All American Pipeline by 30.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company's stock worth $92,470,000 after purchasing an additional 1,162,933 shares in the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in shares of Plains All American Pipeline by 8.3% during the 4th quarter. Eagle Global Advisors LLC now owns 4,666,185 shares of the pipeline company's stock worth $79,698,000 after purchasing an additional 358,350 shares during the period. Institutional investors and hedge funds own 41.78% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on PAA shares. Raymond James reissued a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Royal Bank of Canada restated a "sector perform" rating and set a $20.00 target price on shares of Plains All American Pipeline in a research report on Friday. Wells Fargo & Company downgraded Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. Citigroup reduced their target price on shares of Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Plains All American Pipeline has an average rating of "Hold" and an average target price of $20.50.

Plains All American Pipeline Stock Down 1.3%

Shares of NYSE PAA traded down $0.22 during mid-day trading on Monday, hitting $17.03. The company had a trading volume of 413,283 shares, compared to its average volume of 3,096,086. Plains All American Pipeline, L.P. has a one year low of $15.58 and a one year high of $21.00. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $11.99 billion, a PE ratio of 23.33 and a beta of 0.70. The firm has a 50-day simple moving average of $18.13 and a two-hundred day simple moving average of $18.46.

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 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 quarter in the previous year, the firm earned $0.41 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Plains All American Pipeline, L.P. will post 1.52 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a yield of 8.92%. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

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.