Deutsche Bank AG Sells 174,700 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Deutsche Bank AG decreased its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,252,207 shares of the pipeline company’s stock after selling 174,700 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of Plains All American Pipeline worth $45,044,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Plains All American Pipeline by 107.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 657 shares during the last quarter. Capital Advisory Group Advisory Services LLC increased its holdings in Plains All American Pipeline by 2.5% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company’s stock valued at $569,000 after buying an additional 685 shares during the period. Prossimo Advisors LLC raised its stake in shares of Plains All American Pipeline by 6.6% in the 1st quarter. Prossimo Advisors LLC now owns 12,343 shares of the pipeline company’s stock valued at $247,000 after buying an additional 764 shares in the last quarter. Financial Sense Advisors Inc. lifted its holdings in shares of Plains All American Pipeline by 4.8% during the 1st quarter. Financial Sense Advisors Inc. now owns 16,793 shares of the pipeline company’s stock worth $336,000 after acquiring an additional 766 shares during the period. Finally, Clarus Group Inc. boosted its position in shares of Plains All American Pipeline by 0.9% during the 1st quarter. Clarus Group Inc. now owns 92,330 shares of the pipeline company’s stock valued at $1,847,000 after acquiring an additional 803 shares in the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Down 0.3%

PAA opened at $17.66 on Wednesday. The firm’s 50-day simple moving average is $18.22 and its 200-day simple moving average is $18.45. 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 twelve month low of $15.57 and a twelve month high of $21.00. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 24.19 and a beta of 0.73.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Friday, August 8th. The pipeline company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter last year, the company posted $0.31 EPS. The company’s revenue was down 16.6% compared to the same quarter last year. Equities research analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a yield of 8.6%. Plains All American Pipeline’s dividend payout ratio is currently 172.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PAA. Barclays reiterated an “underweight” rating on shares of Plains All American Pipeline in a research report on Friday. Citigroup set a $18.00 target price on shares of Plains All American Pipeline and gave the company a “neutral” rating in a research report on Friday. Wall Street Zen upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. set a $20.00 target price on shares of Plains All American Pipeline in a research report on Friday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.00 target price on shares of Plains All American Pipeline in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.75.

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.