Walnut Private Equity Partners LLC Acquires New Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Walnut Private Equity Partners LLC acquired a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 525,000 shares of the pipeline company's stock, valued at approximately $10,500,000. Plains All American Pipeline comprises 5.8% of Walnut Private Equity Partners LLC's investment portfolio, making the stock its 7th largest holding. Walnut Private Equity Partners LLC owned 0.07% of Plains All American Pipeline at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. grew its position in Plains All American Pipeline by 4.6% during 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. increased its stake in Plains All American Pipeline by 8.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock valued at $261,283,000 after purchasing an additional 1,211,286 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in Plains All American Pipeline by 0.6% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 13,321,966 shares of the pipeline company's stock worth $227,539,000 after buying an additional 75,509 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Plains All American Pipeline by 8.7% during the fourth quarter. JPMorgan Chase & Co. now owns 7,851,712 shares of the pipeline company's stock worth $134,107,000 after buying an additional 630,141 shares during the last quarter. Finally, 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 valued at $92,470,000 after buying an additional 1,162,933 shares in the last quarter. Institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Stock Down 0.5%

PAA traded down $0.08 during trading on Friday, hitting $16.52. 2,703,267 shares of the company's stock traded hands, compared to its average volume of 3,117,478. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 22.63 and a beta of 0.70. The company's 50 day simple moving average is $17.49 and its two-hundred day simple moving average is $18.42. Plains All American Pipeline, L.P. has a 12-month low of $15.58 and a 12-month high of $21.00. 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 announced 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 net margin of 1.54% and a return on equity of 11.69%. During the same period in the prior year, the company earned $0.41 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.20%. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

Analysts Set New Price Targets

PAA has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $20.00 price target on shares of Plains All American Pipeline in a research report on Friday, May 16th. Citigroup decreased their price target on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Mizuho reduced their price objective on 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. Wells Fargo & Company lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. Finally, Scotiabank cut their price target on shares of Plains All American Pipeline from $21.00 to $20.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Plains All American Pipeline currently has an average rating of "Moderate Buy" and an average target price of $20.45.

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.