Plains All American Pipeline, L.P. (NYSE:PAA) is Alps Advisors Inc.'s 5th Largest Position

Alps Advisors Inc. lowered its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,977,355 shares of the pipeline company's stock after selling 62,990 shares during the period. Plains All American Pipeline makes up 8.0% of Alps Advisors Inc.'s investment portfolio, making the stock its 5th largest holding. Alps Advisors Inc. owned about 9.80% of Plains All American Pipeline worth $1,379,547,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PAA. Barclays PLC boosted its stake in 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 worth $72,186,000 after acquiring an additional 2,218,014 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Plains All American Pipeline by 4.6% in the fourth quarter. Invesco Ltd. now owns 27,827,930 shares of the pipeline company's stock worth $475,301,000 after buying an additional 1,224,381 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Plains All American Pipeline by 8.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock worth $261,283,000 after buying an additional 1,211,286 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Plains All American Pipeline by 30.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company's stock worth $92,470,000 after buying an additional 1,162,933 shares in the last quarter. Finally, Natixis lifted its stake in shares of Plains All American Pipeline by 33.2% in the fourth quarter. Natixis now owns 2,707,900 shares of the pipeline company's stock worth $46,251,000 after buying an additional 675,000 shares in the last quarter. Institutional investors own 41.78% of the company's stock.

Analysts Set New Price Targets

PAA has been the topic of several analyst reports. Mizuho set a $22.00 target price on shares of Plains All American Pipeline and gave the stock an "outperform" rating in a research note on Wednesday, June 18th. Raymond James Financial reiterated a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their target price on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. Finally, UBS Group reissued a "buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $20.36.

Plains All American Pipeline Stock Performance

PAA stock traded up $0.12 during midday trading on Friday, reaching $18.88. 2,000,854 shares of the company's stock traded hands, compared to its average volume of 3,246,837. Plains All American Pipeline, L.P. has a 52-week low of $15.58 and a 52-week high of $21.00. The stock has a market cap of $13.28 billion, a P/E ratio of 25.86 and a beta of 0.68. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The stock's 50-day moving average is $17.55 and its 200 day moving average is $18.51.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its earnings results 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 net margin of 1.54% and a return on equity of 11.69%. During the same quarter in the previous year, the firm earned $0.41 EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. As a group, analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a yield of 8.05%. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

Plains All American Pipeline Company Profile

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.