Stephens Inc. AR Decreases Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Stephens Inc. AR lowered its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 15.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,538 shares of the pipeline company's stock after selling 17,197 shares during the quarter. Stephens Inc. AR's holdings in Plains All American Pipeline were worth $1,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of 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. National Bank of Canada FI purchased a new stake in shares of Plains All American Pipeline in the fourth quarter valued at $27,000. North Capital Inc. purchased a new stake in shares of Plains All American Pipeline in the first quarter valued at $61,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Plains All American Pipeline in the first quarter valued at $68,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Plains All American Pipeline in the fourth quarter valued at $97,000. Institutional investors own 41.78% of the company's stock.

Analyst Upgrades and Downgrades

PAA has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $20.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 16th. Barclays restated an "underweight" rating and issued a $18.00 price target on shares of Plains All American Pipeline in a report on Friday, May 9th. Mizuho set a $22.00 price target on shares of Plains All American Pipeline and gave the company an "outperform" rating in a report on Wednesday, June 18th. Raymond James Financial restated a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Finally, Scotiabank lowered 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 report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.75.

Plains All American Pipeline Trading Up 0.9%

Plains All American Pipeline stock traded up $0.16 during midday trading on Friday, hitting $18.91. 3,623,866 shares of the stock were exchanged, compared to its average volume of 3,260,637. Plains All American Pipeline, L.P. has a fifty-two week low of $15.58 and a fifty-two week high of $21.00. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 25.90 and a beta of 0.68. The stock's 50-day simple moving average is $17.77 and its 200 day simple moving average is $18.56. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.39 EPS for the quarter, missing the consensus estimate 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 business posted $0.41 earnings per share. Plains All American Pipeline's revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 EPS for the current 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 dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a yield of 8.04%. Plains All American Pipeline's 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.