Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by Wealth Alliance

Wealth Alliance lowered its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 43.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,487 shares of the pipeline company’s stock after selling 8,874 shares during the period. Wealth Alliance’s holdings in Plains All American Pipeline were worth $196,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Plains All American Pipeline during the 3rd quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. acquired a new position in Plains All American Pipeline during the fourth quarter worth $27,000. Avior Wealth Management LLC lifted its holdings in Plains All American Pipeline by 100.0% during the third quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock valued at $139,000 after purchasing an additional 4,000 shares in the last quarter. Westmount Partners LLC acquired a new stake in shares of Plains All American Pipeline in the fourth quarter valued at about $177,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Plains All American Pipeline during the third quarter worth about $186,000. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Price Performance

Shares of PAA stock opened at $20.48 on Friday. The firm’s 50-day moving average is $19.00 and its two-hundred day moving average is $18.03. Plains All American Pipeline, L.P. has a 12 month low of $16.18 and a 12 month high of $21.00. 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 company 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.38 dividend. The ex-dividend date was Friday, January 31st. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a yield of 7.42%. Plains All American Pipeline’s dividend payout ratio is currently 208.22%.

Wall Street Analyst Weigh In

PAA has been the topic of a number of research reports. Barclays raised their price target on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Scotiabank restated a “sector outperform” rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research report on Friday, January 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a research report on Friday, November 15th. Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Friday, January 10th. Finally, Raymond James lifted 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 research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.21.

Plains All American Pipeline Company 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.