Plains All American Pipeline, L.P. (NYSE:PAA) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 filing with the SEC. The fund owned 15,297,594 shares of the pipeline company's stock after acquiring an additional 1,211,286 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.17% of Plains All American Pipeline worth $261,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC boosted its position in shares of Plains All American Pipeline by 1.6% in 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 during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Plains All American Pipeline in the 3rd quarter valued at $27,000. Tidal Investments LLC boosted its stake in Plains All American Pipeline by 6.0% during the 3rd quarter. Tidal Investments LLC now owns 24,815 shares of the pipeline company's stock worth $431,000 after purchasing an additional 1,400 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Plains All American Pipeline by 28.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,232 shares of the pipeline company's stock worth $699,000 after purchasing an additional 8,932 shares during the period. Finally, Adams Asset Advisors LLC grew its position in Plains All American Pipeline by 0.6% during the 4th quarter. Adams Asset Advisors LLC now owns 767,558 shares of the pipeline company's stock worth $13,110,000 after purchasing an additional 4,617 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Plains All American Pipeline Trading Down 0.7%

Plains All American Pipeline stock traded down $0.13 during trading on Thursday, reaching $17.28. The company had a trading volume of 2,147,172 shares, compared to its average volume of 3,115,468. Plains All American Pipeline, L.P. has a 12-month low of $15.58 and a 12-month high of $21.00. 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 stock's 50 day moving average price is $18.21 and its two-hundred day moving average price is $18.42. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 23.67 and a beta of 0.70.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released 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%. During the same period last year, the company earned $0.41 EPS. The business's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities 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 Announces Dividend

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 issued 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 8.80%. Plains All American Pipeline's dividend payout ratio (DPR) is 163.44%.

Analysts Set New Price Targets

A number of research firms have weighed in on PAA. Wells Fargo & Company cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. Barclays reissued an "underweight" rating and issued a $18.00 price objective on shares of Plains All American Pipeline in a research note on Friday, May 9th. UBS Group restated a "buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. StockNews.com lowered shares of Plains All American Pipeline from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Raymond James reissued a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.40.

Plains All American Pipeline 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.