Ameriprise Financial Inc. Has $620,000 Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Ameriprise Financial Inc. lessened its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 29.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,284 shares of the pipeline company’s stock after selling 15,466 shares during the quarter. Ameriprise Financial Inc.’s holdings in Plains All American Pipeline were worth $620,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC raised its position in Plains All American Pipeline by 4.7% in the 4th quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company’s stock valued at $223,000 after buying an additional 583 shares during the last quarter. Financial Sense Advisors Inc. raised its stake in shares of Plains All American Pipeline by 5.4% during the 4th quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company’s stock worth $274,000 after purchasing an additional 823 shares in the last quarter. World Investment Advisors raised its stake in shares of Plains All American Pipeline by 4.2% during the 4th quarter. World Investment Advisors now owns 21,100 shares of the pipeline company’s stock worth $360,000 after purchasing an additional 850 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Plains All American Pipeline by 5.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company’s stock worth $294,000 after purchasing an additional 885 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Plains All American Pipeline by 0.8% during the 4th quarter. US Bancorp DE now owns 126,392 shares of the pipeline company’s stock worth $2,159,000 after purchasing an additional 1,003 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

Shares of NYSE PAA opened at $17.15 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The stock’s fifty day moving average price is $17.36 and its two-hundred day moving average price is $18.42. Plains All American Pipeline, L.P. has a one year low of $15.58 and a one year high of $21.00. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 23.49 and a beta of 0.70.

Plains All American Pipeline (NYSE:PAA) last issued 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 net margin of 1.54% and a return on equity of 11.69%. During the same period last year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Plains All American Pipeline, L.P. will post 1.52 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date was Thursday, May 1st. Plains All American Pipeline’s dividend payout ratio is 163.44%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PAA. UBS Group reiterated a “buy” rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Mizuho decreased their price objective on shares of Plains All American Pipeline from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, May 20th. Wall Street Zen raised shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of Plains All American Pipeline in a research report on Friday, May 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $23.00 target price on shares of Plains All American Pipeline in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Plains All American Pipeline has a consensus rating of “Moderate Buy” and an average target price of $20.45.

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.