Stratos Wealth Partners LTD. Increases Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Stratos Wealth Partners LTD. grew its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 15.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,409 shares of the pipeline company’s stock after acquiring an additional 2,892 shares during the period. Stratos Wealth Partners LTD.’s holdings in Plains All American Pipeline were worth $366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PAA. Wilmington Savings Fund Society FSB bought a new stake in shares of Plains All American Pipeline during the third quarter valued at approximately $27,000. Avior Wealth Management LLC raised its stake in shares of 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 acquiring an additional 4,000 shares in the last quarter. Westmount Partners LLC bought a new stake in shares of Plains All American Pipeline during the fourth quarter valued at approximately $177,000. Citizens Financial Group Inc. RI bought a new stake in shares of Plains All American Pipeline during the third quarter valued at approximately $186,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Plains All American Pipeline during the third quarter valued at approximately $193,000. Institutional investors own 41.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PAA. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a research note on Friday, November 15th. Bank of America started coverage on shares of Plains All American Pipeline in a research note on Thursday, October 17th. They issued a “neutral” rating and a $18.00 price objective for the company. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Raymond James boosted their price objective 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. Finally, Wolfe Research raised shares of 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. Two research analysts have rated the stock with a sell rating, six have issued 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, Plains All American Pipeline presently has a consensus rating of “Hold” and an average target price of $20.21.

Plains All American Pipeline Stock Performance

Shares of PAA stock opened at $19.37 on Thursday. The business’s fifty day simple moving average is $18.67 and its 200-day simple moving average is $17.92. The company has a market cap of $13.63 billion, a PE ratio of 17.29 and a beta of 1.65. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a 12-month low of $15.53 and a 12-month high of $21.00.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.38 per share. The ex-dividend date is 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 dividend on an annualized basis and a dividend yield of 7.85%. Plains All American Pipeline’s payout ratio is 135.71%.

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.