Prevail Innovative Wealth Advisors LLC Purchases 8,536 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Prevail Innovative Wealth Advisors LLC lifted its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,107 shares of the pipeline company’s stock after purchasing an additional 8,536 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Plains All American Pipeline were worth $1,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAA. JPMorgan Chase & Co. lifted its holdings in shares of Plains All American Pipeline by 58.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,571 shares of the pipeline company’s stock worth $125,439,000 after acquiring an additional 2,677,951 shares during the period. ING Groep NV lifted its stake in Plains All American Pipeline by 194.5% during the fourth quarter. ING Groep NV now owns 3,892,637 shares of the pipeline company’s stock worth $66,486,000 after purchasing an additional 2,570,700 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Plains All American Pipeline by 30.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company’s stock valued at $92,470,000 after purchasing an additional 1,162,933 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Plains All American Pipeline in the 3rd quarter valued at approximately $11,634,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Plains All American Pipeline in the 4th quarter worth approximately $11,247,000. 41.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PAA shares. Raymond James increased their price objective on 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. Morgan Stanley increased their target price on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 25th. Wells Fargo & Company lowered shares of 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 $20.00 in a research report on Wednesday, December 18th. Scotiabank dropped their price objective on shares of Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating for the company in a report on Thursday, March 6th. Finally, Barclays boosted their target price on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.23.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock opened at $20.21 on Friday. Plains All American Pipeline, L.P. has a 52 week low of $16.21 and a 52 week high of $21.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 27.68 and a beta of 1.62. The firm has a fifty day moving average of $20.00 and a two-hundred day moving average of $18.45.

Plains All American Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.38 dividend. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.52 annualized dividend and a yield of 7.52%. Plains All American Pipeline’s dividend payout ratio is presently 208.22%.

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.