Westwood Holdings Group Inc. Has $31.12 Million Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Westwood Holdings Group Inc. decreased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,821,908 shares of the pipeline company's stock after selling 22,190 shares during the period. Westwood Holdings Group Inc. owned about 0.26% of Plains All American Pipeline worth $31,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Barclays PLC increased its holdings in Plains All American Pipeline by 1.6% during the 3rd quarter. Barclays PLC now owns 2,008,321 shares of the pipeline company's stock valued at $34,885,000 after purchasing an additional 32,061 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Plains All American Pipeline by 5.8% in the fourth quarter. Arkadios Wealth Advisors now owns 25,089 shares of the pipeline company's stock valued at $429,000 after buying an additional 1,376 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Plains All American Pipeline in the fourth quarter valued at $273,000. Janney Montgomery Scott LLC increased its stake in shares of Plains All American Pipeline by 17.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 106,348 shares of the pipeline company's stock valued at $1,816,000 after buying an additional 15,448 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Plains All American Pipeline by 21.3% in the fourth quarter. Avior Wealth Management LLC now owns 9,705 shares of the pipeline company's stock valued at $166,000 after buying an additional 1,705 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PAA. Morgan Stanley restated an "equal weight" rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, May 9th. Wells Fargo & Company lowered shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a report on Friday, May 9th. Raymond James reissued a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Royal Bank of Canada reissued a "sector perform" rating and issued a $20.00 price target on shares of Plains All American Pipeline in a report on Friday. Finally, Scotiabank lowered their target price on Plains All American Pipeline from $21.00 to $20.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Plains All American Pipeline currently has an average rating of "Hold" and an average target price of $20.50.

Plains All American Pipeline Price Performance

PAA opened at $17.06 on Tuesday. The company has a fifty day moving average price of $18.08 and a two-hundred day moving average price of $18.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. Plains All American Pipeline, L.P. has a 52 week low of $15.58 and a 52 week high of $21.00. The firm has a market capitalization of $12.01 billion, a PE ratio of 23.37 and a beta of 0.70.

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

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date was Thursday, May 1st. 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.

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