Inscription Capital LLC Invests $501,000 in Plains All American Pipeline, L.P. (NYSE:PAA)

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

Several other large investors have also recently made changes to their positions in PAA. Parkside Financial Bank & Trust grew its holdings in Plains All American Pipeline by 74.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 58,491 shares of the pipeline company's stock valued at $999,000 after purchasing an additional 25,013 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Plains All American Pipeline by 1,684.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock valued at $61,000 after buying an additional 3,368 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Plains All American Pipeline by 50.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,154 shares of the pipeline company's stock valued at $805,000 after acquiring an additional 15,854 shares during the period. Raymond James Financial Inc. purchased a new stake in Plains All American Pipeline in the 4th quarter worth $11,247,000. Finally, Sanctuary Advisors LLC increased its holdings in Plains All American Pipeline by 16.9% in the 4th quarter. Sanctuary Advisors LLC now owns 64,854 shares of the pipeline company's stock worth $1,108,000 after acquiring an additional 9,360 shares in the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Price Performance

Shares of NYSE PAA opened at $17.74 on Wednesday. The stock has a fifty day moving average price of $17.22 and a 200 day moving average price of $18.41. 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 company has a market cap of $12.48 billion, a PE ratio of 24.30 and a beta of 0.66.

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 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%. During the same quarter in the previous year, the company posted $0.41 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. Sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.38 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a yield of 8.57%. Plains All American Pipeline's payout ratio is currently 163.44%.

Analyst Upgrades and Downgrades

PAA has been the subject of several research reports. Morgan Stanley reiterated an "equal weight" rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research note on Friday, May 9th. Citigroup lowered their price target on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen upgraded Plains All American Pipeline from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. 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. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.

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