Stifel Financial Corp Has $4.71 Million Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Stifel Financial Corp raised its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275,728 shares of the pipeline company's stock after buying an additional 44,999 shares during the quarter. Stifel Financial Corp's holdings in Plains All American Pipeline were worth $4,709,000 at the end of the most recent quarter.

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

Plains All American Pipeline Price Performance

Shares of PAA stock traded down $0.14 during trading hours on Tuesday, hitting $16.04. 1,008,989 shares of the company's stock were exchanged, compared to its average volume of 3,062,260. The stock's 50-day moving average is $18.58 and its 200-day moving average is $18.45. 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, L.P. has a 52 week low of $15.58 and a 52 week high of $21.00. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 21.95 and a beta of 0.70.

Plains All American Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is presently 208.22%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Raymond James upped their price target on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. Morgan Stanley lifted their price target on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 25th. Scotiabank reduced their price objective on shares of Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. Barclays decreased their price objective on Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Finally, Wolfe Research raised Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.