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

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

A number of other large investors have also recently bought and sold shares of the stock. Larson Financial Group LLC grew its holdings in Plains All American Pipeline by 4.7% during the 4th quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock valued at $223,000 after buying an additional 583 shares during the last quarter. Financial Sense Advisors Inc. boosted its holdings in shares of Plains All American Pipeline by 5.4% during the fourth quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company's stock worth $274,000 after purchasing an additional 823 shares during the last quarter. World Investment Advisors boosted its holdings in shares of 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 purchasing an additional 850 shares during the last quarter. Eclectic Associates Inc. ADV boosted its holdings in shares of Plains All American Pipeline by 7.6% during the fourth 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 last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of Plains All American Pipeline by 5.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company's stock worth $294,000 after purchasing an additional 885 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Plains All American Pipeline Stock Down 0.2%

Shares of NYSE PAA traded down $0.03 on Friday, hitting $17.25. The company had a trading volume of 2,110,797 shares, compared to its average volume of 3,106,160. Plains All American Pipeline, L.P. has a 12-month low of $15.58 and a 12-month high of $21.00. The business has a 50 day moving average of $18.13 and a two-hundred day moving average of $18.43. 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 firm has a market capitalization of $12.14 billion, a P/E ratio of 23.63 and a beta of 0.70.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%. During the same period in the previous year, the company posted $0.41 earnings per share. Plains All American Pipeline's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.81%. The ex-dividend date of this dividend was Thursday, May 1st. Plains All American Pipeline's payout ratio is 163.44%.

Analyst Ratings Changes

Several research firms have recently issued reports on PAA. Raymond James restated 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 price objective on shares of Plains All American Pipeline in a report on Friday. Barclays restated an "underweight" rating and set a $18.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 9th. Wells Fargo & Company cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a report on Friday, May 9th. Finally, Citigroup reduced their target price on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.50.

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.