Ameriprise Financial Inc. Sells 15,466 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Ameriprise Financial Inc. reduced its stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,284 shares of the pipeline company's stock after selling 15,466 shares during the period. Ameriprise Financial Inc.'s holdings in Plains All American Pipeline were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in 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 valued at $223,000 after purchasing an additional 583 shares during the last quarter. Financial Sense Advisors Inc. raised 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 valued at $274,000 after acquiring an additional 823 shares during the period. World Investment Advisors raised 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 valued at $360,000 after acquiring an additional 850 shares during the period. Valeo Financial Advisors LLC raised 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 valued at $294,000 after acquiring an additional 885 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Plains All American Pipeline by 0.8% during the fourth quarter. US Bancorp DE now owns 126,392 shares of the pipeline company's stock valued at $2,159,000 after acquiring an additional 1,003 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Stock Up 1.5%

Shares of PAA traded up $0.26 during mid-day trading on Thursday, hitting $17.08. 2,377,296 shares of the company's stock were exchanged, compared to its average volume of 3,110,583. The firm has a fifty day moving average of $17.29 and a two-hundred day moving average of $18.41. Plains All American Pipeline, L.P. has a twelve month low of $15.58 and a twelve month high of $21.00. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 23.40 and a beta of 0.66. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.41 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts forecast that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date of this dividend was Thursday, May 1st. Plains All American Pipeline's dividend payout ratio (DPR) is presently 163.44%.

Wall Street Analysts Forecast Growth

PAA has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Scotiabank cut their price target on shares of Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating on the stock in a report on Thursday. Raymond James restated a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Mizuho cut their price target on shares of Plains All American Pipeline from $21.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, May 20th. Finally, Wells Fargo & Company lowered shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.36.

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.