MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,211,286 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,297,594 shares of the pipeline company's stock after buying an additional 1,211,286 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.17% of Plains All American Pipeline worth $261,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its position in shares of Plains All American Pipeline by 4.7% during the 4th quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock valued at $223,000 after buying an additional 583 shares in the last quarter. Financial Sense Advisors Inc. lifted its position in shares of Plains All American Pipeline by 5.4% during the 4th quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company's stock valued at $274,000 after buying an additional 823 shares in the last quarter. World Investment Advisors lifted its position in shares of Plains All American Pipeline by 4.2% during the 4th quarter. World Investment Advisors now owns 21,100 shares of the pipeline company's stock valued at $360,000 after buying an additional 850 shares in the last quarter. Eclectic Associates Inc. ADV lifted its position in shares of Plains All American Pipeline by 7.6% during the 4th quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company's stock valued at $207,000 after buying an additional 854 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of Plains All American Pipeline by 5.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company's stock valued at $294,000 after buying an additional 885 shares in the last quarter. 41.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PAA shares. UBS Group reaffirmed a "buy" rating on shares of Plains All American Pipeline in a research report on Friday, May 9th. Raymond James reissued a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Barclays reissued an "underweight" rating and set a $18.00 target price on shares of Plains All American Pipeline in a research note on Friday, May 9th. Morgan Stanley reissued an "equal weight" rating and set a $23.00 target price on shares of Plains All American Pipeline in a research note on Friday, May 9th. Finally, Wells Fargo & Company downgraded Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. One investment 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.50.

Plains All American Pipeline Trading Down 0.2%

Shares of NYSE PAA traded down $0.03 during trading hours on Friday, hitting $17.25. 2,110,797 shares of the company traded hands, compared to its average volume of 3,106,160. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 23.63 and a beta of 0.70. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The company's 50 day moving average price is $18.13 and its 200 day moving average price is $18.43. Plains All American Pipeline, L.P. has a 12 month low of $15.58 and a 12 month high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing the consensus estimate 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%. The company's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.81%. The ex-dividend date of this dividend was Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

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.