Bokf Na Sells 1,250 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Bokf Na trimmed its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,000 shares of the pipeline company’s stock after selling 1,250 shares during the period. Bokf Na’s holdings in Plains All American Pipeline were worth $1,646,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Plains All American Pipeline by 9.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,908,296 shares of the pipeline company’s stock worth $195,561,000 after purchasing an additional 1,135,737 shares during the last quarter. UBS Group AG increased its position in shares of Plains All American Pipeline by 89.3% in the fourth quarter. UBS Group AG now owns 8,556,465 shares of the pipeline company’s stock worth $129,630,000 after purchasing an additional 4,035,328 shares during the last quarter. Eagle Global Advisors LLC increased its position in shares of Plains All American Pipeline by 1.8% in the fourth quarter. Eagle Global Advisors LLC now owns 3,931,137 shares of the pipeline company’s stock worth $59,557,000 after purchasing an additional 68,810 shares during the last quarter. ING Groep NV increased its position in shares of Plains All American Pipeline by 1.9% in the fourth quarter. ING Groep NV now owns 3,100,600 shares of the pipeline company’s stock worth $47,005,000 after purchasing an additional 57,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Plains All American Pipeline by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,594,254 shares of the pipeline company’s stock worth $39,303,000 after purchasing an additional 151,495 shares during the last quarter. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Trading Up 2.0 %

PAA stock traded up $0.36 on Friday, reaching $18.38. The company’s stock had a trading volume of 1,536,000 shares, compared to its average volume of 1,951,185. The business has a fifty day simple moving average of $17.70 and a two-hundred day simple moving average of $17.12. Plains All American Pipeline, L.P. has a 12-month low of $14.25 and a 12-month high of $19.17. The firm has a market cap of $12.89 billion, a PE ratio of 15.84 and a beta of 1.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 0.97.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Friday, May 3rd. The pipeline company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Plains All American Pipeline had a return on equity of 10.53% and a net margin of 2.08%. The company had revenue of $12 billion during the quarter, compared to analyst estimates of $12.98 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. As a group, research analysts forecast that Plains All American Pipeline, L.P. will post 1.33 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be paid a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date of this dividend is Wednesday, July 31st. Plains All American Pipeline’s payout ratio is 109.48%.

Analyst Ratings Changes

PAA has been the topic of a number of recent research reports. TD Securities increased their price target on shares of Plains All American Pipeline from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, May 6th. Citigroup increased their price target on shares of Plains All American Pipeline from $17.50 to $18.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Royal Bank of Canada increased their price target on shares of Plains All American Pipeline from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 14th. The Goldman Sachs Group increased their price target on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Finally, UBS Group increased their price target on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Plains All American Pipeline has an average rating of “Hold” and a consensus target price of $19.55.

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.