Fortem Financial Group LLC Purchases 14,876 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Fortem Financial Group LLC boosted its stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 22.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,154 shares of the pipeline company's stock after purchasing an additional 14,876 shares during the quarter. Fortem Financial Group LLC's holdings in Plains All American Pipeline were worth $1,623,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PAA. Barclays PLC grew its holdings in shares of Plains All American Pipeline by 110.4% during the fourth quarter. Barclays PLC now owns 4,226,335 shares of the pipeline company's stock valued at $72,186,000 after buying an additional 2,218,014 shares during the last quarter. Invesco Ltd. grew its holdings 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 valued at $475,301,000 after buying an additional 1,224,381 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Plains All American Pipeline by 8.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock valued at $261,283,000 after buying an additional 1,211,286 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Plains All American Pipeline by 30.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company's stock valued at $92,470,000 after buying an additional 1,162,933 shares during the last quarter. Finally, Natixis grew its holdings in shares of Plains All American Pipeline by 33.2% during the fourth quarter. Natixis now owns 2,707,900 shares of the pipeline company's stock valued at $46,251,000 after buying an additional 675,000 shares during the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Price Performance

PAA stock traded up $0.12 during midday trading on Friday, reaching $18.88. The company had a trading volume of 2,000,854 shares, compared to its average volume of 3,246,837. 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, L.P. has a 1 year low of $15.58 and a 1 year high of $21.00. The company has a market capitalization of $13.28 billion, a P/E ratio of 25.86 and a beta of 0.68. The firm has a 50-day moving average price of $17.55 and a 200-day moving average price of $18.50.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings data 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 quarter in the previous year, the firm posted $0.41 earnings per share. The business's quarterly revenue was up .1% on a year-over-year basis. On average, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.52 annualized dividend and a yield of 8.05%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 163.44%.

Analysts Set New Price Targets

PAA has been the topic of a number of recent analyst reports. Scotiabank dropped 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 research report on Thursday, June 5th. JPMorgan Chase & Co. raised their price target on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $20.00 price target on shares of Plains All American Pipeline in a research report on Friday, May 16th. Wells Fargo & Company lowered shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. Finally, Wall Street Zen raised shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.