Inscription Capital LLC Makes New Investment in Plains All American Pipeline, L.P. (NYSE:PAA)

Inscription Capital LLC bought a new stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,049 shares of the pipeline company's stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position 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 purchasing an additional 583 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Plains All American Pipeline by 107.0% in the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock valued at $26,000 after acquiring an additional 657 shares during the period. Capital Advisory Group Advisory Services LLC grew its stake in Plains All American Pipeline by 2.5% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock valued at $569,000 after acquiring an additional 685 shares during the period. Financial Sense Advisors Inc. grew its stake in 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 valued at $274,000 after acquiring an additional 823 shares during the period. Finally, World Investment Advisors grew its stake in Plains All American Pipeline by 4.2% in 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. 41.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on PAA shares. Barclays reissued an "underweight" rating and issued a $18.00 target price on shares of Plains All American Pipeline in a research note on Friday, May 9th. Scotiabank reduced their price objective on Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 5th. Raymond James Financial reiterated a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Citigroup dropped 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, May 13th. Finally, JPMorgan Chase & Co. boosted their price target on Plains All American Pipeline from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.50.

Plains All American Pipeline Price Performance

NYSE:PAA traded up $0.03 during trading hours on Friday, reaching $18.44. 7,511,044 shares of the company were exchanged, compared to its average volume of 3,228,826. The company has a market capitalization of $12.97 billion, a P/E ratio of 25.26 and a beta of 0.66. 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 debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The business has a 50 day moving average of $17.32 and a 200 day moving average of $18.41.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued 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 return on equity of 11.69% and a net margin of 1.54%. Plains All American Pipeline's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. Research analysts forecast 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 given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date was Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 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.