Stephens Inc. AR Increases Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Stephens Inc. AR raised its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,735 shares of the pipeline company’s stock after acquiring an additional 15,049 shares during the quarter. Stephens Inc. AR’s holdings in Plains All American Pipeline were worth $1,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Plains All American Pipeline in the third quarter valued at approximately $27,000. Avior Wealth Management LLC grew its stake in shares of Plains All American Pipeline by 100.0% in the third quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock worth $139,000 after acquiring an additional 4,000 shares in the last quarter. Westmount Partners LLC purchased a new stake in shares of Plains All American Pipeline during the fourth quarter worth $177,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Plains All American Pipeline in the third quarter valued at $186,000. Finally, CreativeOne Wealth LLC purchased a new position in Plains All American Pipeline in the third quarter valued at $193,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on PAA. Morgan Stanley lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a report on Friday, November 15th. Wells Fargo & Company cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Scotiabank restated a “sector outperform” rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a report on Friday, January 10th. Finally, Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, January 10th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, Plains All American Pipeline currently has an average rating of “Hold” and a consensus price target of $20.21.

Plains All American Pipeline Trading Down 0.2 %

PAA opened at $19.72 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a 52 week low of $15.45 and a 52 week high of $21.00. The business’s 50 day moving average is $18.65 and its two-hundred day moving average is $17.91. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 17.61 and a beta of 1.65.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.71%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, January 31st. Plains All American Pipeline’s payout ratio is presently 135.71%.

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.