Capital Advisory Group Advisory Services LLC Acquires New Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Capital Advisory Group Advisory Services LLC purchased a new position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,765 shares of the pipeline company's stock, valued at approximately $474,000.

A number of other institutional investors also recently bought and sold shares of PAA. JPMorgan Chase & Co. boosted 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 valued at $125,439,000 after buying an additional 2,677,951 shares in the last quarter. ING Groep NV boosted 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 acquiring an additional 2,570,700 shares in the last quarter. Citigroup Inc. grew its holdings in Plains All American Pipeline by 48.9% in the third quarter. Citigroup Inc. now owns 3,428,897 shares of the pipeline company's stock worth $59,560,000 after purchasing an additional 1,125,386 shares during the period. Miller Howard Investments Inc. NY increased its stake in shares of Plains All American Pipeline by 1.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 2,610,872 shares of the pipeline company's stock valued at $44,594,000 after purchasing an additional 38,062 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Plains All American Pipeline by 1.6% during the third quarter. Barclays PLC now owns 2,008,321 shares of the pipeline company's stock valued at $34,885,000 after purchasing an additional 32,061 shares during the last quarter. 41.78% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts recently weighed in on PAA shares. Wolfe Research upgraded Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research note on Friday, January 10th. Barclays increased their target price on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Scotiabank reaffirmed a "sector outperform" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research report on Friday, January 10th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. Two 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's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $20.21.

Plains All American Pipeline Stock Performance

Plains All American Pipeline stock traded down $0.18 during mid-day trading on Tuesday, reaching $20.11. 3,537,688 shares of the stock traded hands, compared to its average volume of 4,427,761. The stock has a market capitalization of $14.15 billion, a PE ratio of 27.55 and a beta of 1.65. 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 business's 50-day moving average is $19.05 and its 200-day moving average is $18.06. Plains All American Pipeline, L.P. has a 12-month low of $16.18 and a 12-month high of $21.00.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. Plains All American Pipeline's dividend payout ratio (DPR) is currently 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.