Hennessy Advisors Inc. Grows Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Hennessy Advisors Inc. grew its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 438,196 shares of the pipeline company's stock after acquiring an additional 17,570 shares during the period. Hennessy Advisors Inc. owned 0.06% of Plains All American Pipeline worth $8,764,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Larson Financial Group LLC increased its position in shares of 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 buying an additional 583 shares during the period. 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 worth $26,000 after purchasing an additional 657 shares during the period. Capital Advisory Group Advisory Services LLC raised its holdings 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 worth $569,000 after purchasing an additional 685 shares in the last quarter. Financial Sense Advisors Inc. raised its holdings 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 worth $274,000 after purchasing an additional 823 shares in the last quarter. Finally, World Investment Advisors lifted its position in 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 buying an additional 850 shares during the period. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Trading Down 2.0%

PAA stock traded down $0.37 during mid-day trading on Monday, reaching $17.69. The company had a trading volume of 1,938,871 shares, compared to its average volume of 3,812,856. The firm has a 50 day moving average of $17.17 and a 200 day moving average of $18.42. 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 12 month low of $15.57 and a 12 month high of $21.00. The company has a market capitalization of $12.44 billion, a PE ratio of 24.23 and a beta of 0.66.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted 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%. During the same period in the prior year, the company posted $0.41 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict 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 company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend was Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PAA. Barclays restated an "underweight" rating and issued a $18.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. 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. 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. Mizuho reduced their price objective on shares of Plains All American Pipeline from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Plains All American Pipeline 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.