Plains All American Pipeline, L.P. (NYSE:PAA) Shares Bought by UMB Bank n.a.

UMB Bank n.a. lifted its stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 65.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,552 shares of the pipeline company's stock after purchasing an additional 15,189 shares during the period. UMB Bank n.a.'s holdings in Plains All American Pipeline were worth $771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Secure Asset Management LLC increased its stake in shares of Plains All American Pipeline by 8.3% in the 1st quarter. Secure Asset Management LLC now owns 15,773 shares of the pipeline company's stock worth $315,000 after acquiring an additional 1,205 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its holdings in Plains All American Pipeline by 3.2% in the 1st quarter. Wealth Alliance Advisory Group LLC now owns 93,222 shares of the pipeline company's stock worth $1,864,000 after purchasing an additional 2,872 shares during the period. Rothschild Investment LLC raised its stake in Plains All American Pipeline by 13.5% during the 1st quarter. Rothschild Investment LLC now owns 10,780 shares of the pipeline company's stock worth $216,000 after acquiring an additional 1,280 shares during the period. Walnut Private Equity Partners LLC bought a new position in shares of Plains All American Pipeline in the first quarter worth about $10,500,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Plains All American Pipeline by 50.7% during the fourth 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 in the last quarter. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline Price Performance

Shares of PAA stock traded up $0.27 during trading hours on Tuesday, hitting $17.67. 4,161,945 shares of the company's stock were exchanged, compared to its average volume of 3,133,385. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.43 billion, a P/E ratio of 24.21 and a beta of 0.66. 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 firm has a 50 day moving average of $17.12 and a two-hundred day moving average of $18.42.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued 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 last year, the business earned $0.41 earnings per share. Plains All American Pipeline's revenue was up .1% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued 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 8.60%. Plains All American Pipeline's dividend payout ratio is presently 163.44%.

Wall Street Analyst Weigh In

PAA has been the subject of several recent analyst reports. Mizuho dropped their price objective on shares of Plains All American Pipeline from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, May 20th. 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. Scotiabank decreased their price target on shares of Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating for the company in a report on Thursday, June 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a $20.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 16th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $23.00 price target 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.36.

Plains All American Pipeline 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.