First Trust Advisors LP Buys 47,914 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

First Trust Advisors LP raised its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 337,984 shares of the pipeline company's stock after buying an additional 47,914 shares during the period. First Trust Advisors LP's holdings in Plains All American Pipeline were worth $5,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Plains All American Pipeline in the third quarter valued at about $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $27,000. National Bank of Canada FI acquired a new stake in shares of Plains All American Pipeline in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its position in Plains All American Pipeline by 1,684.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after buying an additional 3,368 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Plains All American Pipeline during the 4th quarter worth $97,000. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Stock Performance

Shares of NYSE PAA traded down $0.16 during mid-day trading on Tuesday, reaching $16.02. 686,994 shares of the company's stock were exchanged, compared to its average volume of 4,086,529. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 21.95 and a beta of 0.70. The firm has a 50-day moving average price of $18.58 and a two-hundred day moving average price of $18.45. Plains All American Pipeline, L.P. has a 52 week low of $15.57 and a 52 week high of $21.00.

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.49%. Plains All American Pipeline's dividend payout ratio (DPR) is currently 208.22%.

Analyst Ratings Changes

PAA has been the subject of several recent analyst reports. Wolfe Research raised shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Friday, January 10th. Raymond James increased their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research report on Tuesday, January 28th. Morgan Stanley raised their price objective on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, March 25th. Scotiabank dropped their price target on shares of Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating for the company in a research note on Thursday, March 6th. Finally, Barclays decreased their price target on Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.36.

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.