Financial Counselors Inc. Has $258,000 Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Financial Counselors Inc. decreased its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 16.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,077 shares of the pipeline company’s stock after selling 3,000 shares during the period. Financial Counselors Inc.’s holdings in Plains All American Pipeline were worth $258,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Plains All American Pipeline during the 3rd quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Plains All American Pipeline in the 4th quarter valued at $27,000. Jones Financial Companies Lllp increased its position in shares of Plains All American Pipeline by 1,684.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company’s stock worth $61,000 after buying an additional 3,368 shares during the period. CoreFirst Bank & Trust bought a new position in Plains All American Pipeline during the fourth quarter worth $97,000. Finally, Rothschild Investment LLC lifted its holdings in Plains All American Pipeline by 66.7% in the fourth quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company’s stock valued at $162,000 after buying an additional 3,800 shares during the period. 41.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PAA has been the subject of a number of recent analyst reports. Scotiabank decreased their price target on 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. Wells Fargo & Company cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Barclays boosted their price target on Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Wolfe Research raised shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Friday, January 10th. Finally, Raymond James boosted their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Plains All American Pipeline has a consensus rating of “Hold” and an average price target of $20.23.

Plains All American Pipeline Trading Up 0.6 %

NYSE:PAA opened at $20.21 on Friday. 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 one year low of $16.21 and a one year high of $21.00. The company has a market cap of $14.22 billion, a PE ratio of 27.68 and a beta of 1.62. The firm has a 50-day moving average of $20.00 and a 200-day moving average of $18.44.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 7.52%. Plains All American Pipeline’s dividend payout ratio is 208.22%.

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.