Plains All American Pipeline (NYSE:PAA) Sets New 1-Year Low - Time to Sell?

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $17.21 and last traded at $17.46, with a volume of 5294825 shares traded. The stock had previously closed at $18.09.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Raymond James lifted their price objective 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 increased their price objective on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 25th. Wolfe Research upgraded shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a research report on Friday, January 10th. Barclays lowered their target price 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. Finally, Scotiabank cut their price objective on shares of Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. 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 given a strong buy rating to the company. Based on data from MarketBeat, Plains All American Pipeline has an average rating of "Hold" and a consensus target price of $20.36.

Plains All American Pipeline Price Performance

The company's 50 day simple moving average is $18.58 and its 200 day simple moving average is $18.45. The stock has a market cap of $11.31 billion, a P/E ratio of 22.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's payout ratio is presently 208.22%.

Institutional Investors Weigh In On Plains All American Pipeline

Several large investors have recently modified their holdings of the business. Manning & Napier Advisors LLC bought a new stake in Plains All American Pipeline during the 4th quarter worth approximately $1,708,000. PFG Investments LLC increased its position in shares of 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 worth $771,000 after acquiring an additional 14,432 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Plains All American Pipeline during the fourth quarter worth $591,000. Clarus Group Inc. lifted its position in Plains All American Pipeline by 30.5% in the 4th quarter. Clarus Group Inc. now owns 91,527 shares of the pipeline company's stock valued at $1,563,000 after acquiring an additional 21,400 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in Plains All American Pipeline by 15.7% in the 4th quarter. Stephens Inc. AR now owns 110,735 shares of the pipeline company's stock worth $1,891,000 after purchasing an additional 15,049 shares during the period. 41.78% of the stock is currently owned by institutional investors.

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.