Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by Westwood Holdings Group Inc.

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

Other institutional investors have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of Plains All American Pipeline in the fourth quarter worth about $1,708,000. PFG Investments LLC raised its stake in Plains All American Pipeline by 47.0% during the fourth quarter. PFG Investments LLC now owns 45,151 shares of the pipeline company's stock valued at $771,000 after buying an additional 14,432 shares in the last quarter. Caprock Group LLC acquired a new stake in Plains All American Pipeline during the fourth quarter valued at approximately $591,000. Clarus Group Inc. raised its stake in Plains All American Pipeline by 30.5% during the fourth quarter. Clarus Group Inc. now owns 91,527 shares of the pipeline company's stock valued at $1,563,000 after buying an additional 21,400 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Plains All American Pipeline by 15.7% during the fourth quarter. Stephens Inc. AR now owns 110,735 shares of the pipeline company's stock valued at $1,891,000 after buying an additional 15,049 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock traded up $0.12 on Friday, reaching $16.74. 1,560,937 shares of the company were exchanged, compared to its average volume of 3,105,713. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company's 50-day moving average is $17.84 and its two-hundred day moving average is $18.44. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 22.93 and a beta of 0.70. Plains All American Pipeline, L.P. has a 1-year low of $15.58 and a 1-year high of $21.00.

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 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%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. As a group, research 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 firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.08%. The ex-dividend date was Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

Analyst Ratings Changes

Several analysts have issued reports on PAA shares. Wall Street Zen upgraded Plains All American Pipeline from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. UBS Group restated a "buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Wells Fargo & Company cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. Mizuho cut their price objective on Plains All American Pipeline from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Finally, Morgan Stanley restated an "equal weight" rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Plains All American Pipeline currently has an average rating of "Moderate Buy" and a consensus target price of $20.45.

About Plains All American Pipeline

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.