Keybank National Association OH Has $465,000 Stock Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Keybank National Association OH lowered its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,206 shares of the pipeline company’s stock after selling 645 shares during the period. Keybank National Association OH’s holdings in Plains All American Pipeline were worth $465,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PAA. JPMorgan Chase & Co. lifted its stake in shares of Plains All American Pipeline by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,571 shares of the pipeline company’s stock valued at $125,439,000 after purchasing an additional 2,677,951 shares during the period. ING Groep NV lifted its stake in shares of Plains All American Pipeline by 194.5% in the 4th quarter. ING Groep NV now owns 3,892,637 shares of the pipeline company’s stock valued at $66,486,000 after purchasing an additional 2,570,700 shares during the period. Citigroup Inc. lifted its stake in shares of Plains All American Pipeline by 48.9% in the 3rd quarter. Citigroup Inc. now owns 3,428,897 shares of the pipeline company’s stock valued at $59,560,000 after purchasing an additional 1,125,386 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Plains All American Pipeline in the 3rd quarter valued at $11,634,000. Finally, FMR LLC lifted its stake in shares of Plains All American Pipeline by 91.1% in the 3rd quarter. FMR LLC now owns 600,282 shares of the pipeline company’s stock valued at $10,427,000 after purchasing an additional 286,222 shares during the period. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Trading Up 1.8 %

Shares of PAA stock opened at $19.35 on Monday. The firm has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $18.21. 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 company has a market capitalization of $13.62 billion, a PE ratio of 26.51 and a beta of 1.62. Plains All American Pipeline, L.P. has a 12-month low of $16.21 and a 12-month high of $21.00.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.38 per share. The ex-dividend date 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 yield of 7.86%. Plains All American Pipeline’s dividend payout ratio (DPR) is 208.22%.

Analyst Upgrades and Downgrades

PAA has been the topic of several research analyst reports. Scotiabank dropped their price objective on Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Raymond James raised their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. Barclays raised their price objective on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Plains All American Pipeline currently has a consensus rating of “Hold” and an average target price of $20.14.

Plains All American Pipeline 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.