Capital Advisors Inc. OK Purchases Shares of 279,500 Plains All American Pipeline, L.P. (NYSE:PAA)

Capital Advisors Inc. OK bought a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 279,500 shares of the pipeline company's stock, valued at approximately $4,234,000.

Several other large investors have also recently bought and sold shares of PAA. Moneta Group Investment Advisors LLC raised its stake in Plains All American Pipeline by 109,124.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 46,409,609 shares of the pipeline company's stock valued at $545,777,000 after purchasing an additional 46,367,119 shares during the last quarter. Blackstone Inc. raised its stake in shares of Plains All American Pipeline by 131.6% in the 3rd quarter. Blackstone Inc. now owns 24,267,022 shares of the pipeline company's stock valued at $371,771,000 after buying an additional 13,787,485 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Plains All American Pipeline by 14.3% in the 3rd quarter. Alps Advisors Inc. now owns 67,031,503 shares of the pipeline company's stock valued at $1,026,923,000 after buying an additional 8,406,683 shares in the last quarter. Invesco Ltd. raised its stake in shares of Plains All American Pipeline by 38.9% in the 1st quarter. Invesco Ltd. now owns 17,415,219 shares of the pipeline company's stock valued at $187,388,000 after buying an additional 4,880,244 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Plains All American Pipeline by 41.3% in the 4th quarter. Morgan Stanley now owns 13,389,097 shares of the pipeline company's stock valued at $157,456,000 after buying an additional 3,915,370 shares in the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Price Performance

Shares of NYSE PAA traded down $0.23 during mid-day trading on Friday, hitting $17.75. 6,507,777 shares of the stock were exchanged, compared to its average volume of 3,361,439. The company has a market cap of $12.44 billion, a P/E ratio of 12.77 and a beta of 1.59. The stock's fifty day simple moving average is $16.82 and its two-hundred day simple moving average is $15.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.98. Plains All American Pipeline, L.P. has a twelve month low of $12.07 and a twelve month high of $19.03.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $14.30 billion. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The company's revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. As a group, analysts forecast that Plains All American Pipeline, L.P. will post 1.25 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Tuesday, April 30th. Plains All American Pipeline's dividend payout ratio is currently 91.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PAA shares. The Goldman Sachs Group increased their price objective on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the company a "sell" rating in a research note on Friday. UBS Group increased their price objective on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com upgraded shares of Plains All American Pipeline from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 22nd. Citigroup upped their target price on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the stock a "neutral" rating in a report on Friday, March 1st. Finally, Scotiabank initiated coverage on shares of Plains All American Pipeline in a research report on Monday, April 8th. They set a "sector outperform" rating and a $23.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.68.

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.