Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC lowered its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,567 shares of the pipeline company’s stock after selling 2,200 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Plains All American Pipeline were worth $3,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in shares of Plains All American Pipeline by 57.9% during the 3rd quarter. Private Advisor Group LLC now owns 168,703 shares of the pipeline company’s stock worth $2,930,000 after purchasing an additional 61,858 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Plains All American Pipeline by 1,006.4% during the third quarter. International Assets Investment Management LLC now owns 67,038 shares of the pipeline company’s stock valued at $1,164,000 after buying an additional 60,979 shares during the period. US Bancorp DE boosted its position in Plains All American Pipeline by 2.2% during the third quarter. US Bancorp DE now owns 125,389 shares of the pipeline company’s stock worth $2,178,000 after acquiring an additional 2,658 shares during the last quarter. Americana Partners LLC grew its stake in Plains All American Pipeline by 17.5% in the 3rd quarter. Americana Partners LLC now owns 264,586 shares of the pipeline company’s stock worth $4,596,000 after acquiring an additional 39,333 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Plains All American Pipeline by 2.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 213,386 shares of the pipeline company’s stock valued at $3,640,000 after acquiring an additional 5,828 shares during the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Down 0.7 %

NYSE:PAA opened at $20.48 on Monday. Plains All American Pipeline, L.P. has a 12 month low of $16.18 and a 12 month high of $21.00. The business’s 50-day moving average is $19.00 and its two-hundred day moving average is $18.04. 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 firm has a market capitalization of $14.41 billion, a PE ratio of 28.05 and a beta of 1.65.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a yield of 7.42%. Plains All American Pipeline’s payout ratio is 208.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Raymond James lifted their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 28th. Wolfe Research upgraded Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, January 10th. Barclays increased their price objective on shares of 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 reaffirmed a “sector outperform” rating and set a $23.00 price target on shares of Plains All American Pipeline in a research report on Friday, January 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $19.00 price target on shares of Plains All American Pipeline in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.21.

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.