Texas Yale Capital Corp. Acquires 4,950 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Texas Yale Capital Corp. raised its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 502,613 shares of the pipeline company’s stock after acquiring an additional 4,950 shares during the quarter. Texas Yale Capital Corp. owned approximately 0.07% of Plains All American Pipeline worth $8,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PAA. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline during the 3rd quarter worth approximately $27,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Plains All American Pipeline in the fourth quarter worth $27,000. National Bank of Canada FI bought a new stake in shares of Plains All American Pipeline during the 4th quarter valued at $27,000. Jones Financial Companies Lllp lifted its stake in shares of Plains All American Pipeline by 1,684.0% during the 4th 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 in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in Plains All American Pipeline in the 4th quarter worth $97,000. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

Shares of NYSE:PAA opened at $16.03 on Wednesday. The firm’s 50 day simple moving average is $19.64 and its 200-day simple moving average is $18.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. Plains All American Pipeline, L.P. has a one year low of $15.84 and a one year high of $21.00. The firm has a market cap of $11.28 billion, a PE ratio of 21.96 and a beta of 1.17.

Plains All American Pipeline Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on PAA. Wells Fargo & Company cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. 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 report on Thursday, January 16th. Scotiabank cut 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. Raymond James boosted their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley raised their target price on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.23.

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.