Rothschild Investment LLC Increases Stake in Plains All American Pipeline, L.P. (NYSE:PAA)

Rothschild Investment LLC boosted its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 66.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the pipeline company’s stock after acquiring an additional 3,800 shares during the quarter. Rothschild Investment LLC’s holdings in Plains All American Pipeline were worth $162,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PAA. Wilmington Savings Fund Society FSB acquired a new stake in Plains All American Pipeline in the third quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $27,000. Avior Wealth Management LLC raised its stake in shares of Plains All American Pipeline by 100.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock worth $139,000 after buying an additional 4,000 shares during the period. Westmount Partners LLC acquired a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $177,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Plains All American Pipeline during the 3rd quarter worth approximately $186,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline Stock Down 0.9 %

Shares of NYSE:PAA opened at $20.11 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $19.10 and a two-hundred day moving average of $18.08. The stock has a market cap of $14.15 billion, a P/E ratio of 27.55 and a beta of 1.65. Plains All American Pipeline, L.P. has a 52-week low of $16.18 and a 52-week high of $21.00.

Plains All American Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.38 dividend. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend was Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is presently 208.22%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 15th. Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Raymond James boosted their price target on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their price target on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Plains All American Pipeline has an average rating of “Hold” and a consensus target price of $20.21.

Plains All American Pipeline Company 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.