Symmetry Partners LLC Invests $562,000 in Plains All American Pipeline, L.P. (NYSE:PAA)

Symmetry Partners LLC acquired a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,105 shares of the pipeline company's stock, valued at approximately $562,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Plains All American Pipeline by 110.4% in the 4th quarter. Barclays PLC now owns 4,226,335 shares of the pipeline company's stock valued at $72,186,000 after buying an additional 2,218,014 shares in the last quarter. Invesco Ltd. grew its stake in 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 valued at $475,301,000 after acquiring an additional 1,224,381 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 acquiring an additional 1,211,286 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Plains All American Pipeline by 30.8% during 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 purchasing an additional 1,162,933 shares during the period. Finally, Natixis lifted its holdings in shares of Plains All American Pipeline by 33.2% during the 4th quarter. Natixis now owns 2,707,900 shares of the pipeline company's stock valued at $46,251,000 after purchasing an additional 675,000 shares in the last quarter. Institutional investors own 41.78% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PAA shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $20.00 target price on shares of Plains All American Pipeline in a research note on Friday, May 16th. Mizuho set a $22.00 price objective on shares of Plains All American Pipeline and gave the stock an "outperform" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. raised their price objective on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Barclays reaffirmed an "underweight" rating and issued a $18.00 price objective on shares of Plains All American Pipeline in a research report on Friday, May 9th. Finally, Citigroup lowered their target price on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.50.

Plains All American Pipeline Stock Performance

Plains All American Pipeline stock opened at $18.26 on Friday. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 25.01 and a beta of 0.66. The firm has a 50-day moving average of $17.38 and a 200-day moving average of $18.41. 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 one year low of $15.58 and a one year high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. On average, equities analysts expect that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.52 annualized dividend and a dividend yield of 8.32%. Plains All American Pipeline's dividend payout ratio is presently 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.