Plains All American Pipeline, L.P. (NYSE:PAA) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 30.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,562 shares of the pipeline company's stock after acquiring an additional 21,969 shares during the period. Atria Wealth Solutions Inc.'s holdings in Plains All American Pipeline were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Plains All American Pipeline in the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. purchased a new stake in Plains All American Pipeline in the fourth quarter worth about $27,000. Avior Wealth Management LLC grew its holdings in shares of Plains All American Pipeline by 100.0% during the 3rd 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 during the period. Westmount Partners LLC purchased a new position in shares of Plains All American Pipeline in the 4th quarter valued at approximately $177,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in Plains All American Pipeline in the third quarter worth $186,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAA has been the subject of several recent research reports. 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 report on Friday, January 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $19.00 price objective 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 dropped their target price for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Raymond James boosted their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Scotiabank reaffirmed 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. Two investment 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $20.21.

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Plains All American Pipeline Stock Down 0.4 %

Shares of NYSE:PAA traded down $0.09 on Wednesday, reaching $20.02. The company had a trading volume of 1,497,706 shares, compared to its average volume of 4,344,008. The firm has a market capitalization of $14.09 billion, a PE ratio of 27.41 and a beta of 1.65. The firm's 50 day simple moving average is $19.10 and its 200-day simple moving average is $18.08. 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 current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend on an annualized basis and a yield of 7.59%. Plains All American Pipeline's dividend payout ratio (DPR) is 208.22%.

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.