Prasad Wealth Partners LLC Invests $280,000 in Plains All American Pipeline, L.P. (NYSE:PAA)

Prasad Wealth Partners LLC acquired a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,391 shares of the pipeline company's stock, valued at approximately $280,000.

Several other institutional investors have also modified their holdings of PAA. Wilmington Savings Fund Society FSB bought a new stake in shares of Plains All American Pipeline in the 3rd quarter worth about $27,000. Newbridge Financial Services Group Inc. bought a new stake in Plains All American Pipeline in the fourth quarter worth about $27,000. Avior Wealth Management LLC boosted its position 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 buying an additional 4,000 shares during the period. Rothschild Investment LLC boosted its position in shares of Plains All American Pipeline by 66.7% during the fourth quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company's stock valued at $162,000 after buying an additional 3,800 shares during the period. Finally, Westmount Partners LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter valued at approximately $177,000. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Stock Up 1.9 %

Shares of NYSE:PAA traded up $0.38 on Friday, reaching $20.34. The company had a trading volume of 2,519,999 shares, compared to its average volume of 4,298,008. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $14.31 billion, a PE ratio of 27.86 and a beta of 1.65. Plains All American Pipeline, L.P. has a 52-week low of $16.21 and a 52-week high of $21.00. The firm's 50 day simple moving average is $19.23 and its 200-day simple moving average is $18.11.

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Plains All American Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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 7.47%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Plains All American Pipeline's previous quarterly dividend of $0.32. Plains All American Pipeline's payout ratio is 208.22%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PAA. Wells Fargo & Company downgraded 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. Wolfe Research upgraded shares of 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 report on Friday, January 10th. Scotiabank reiterated a "sector outperform" rating and set a $23.00 price objective on shares of Plains All American Pipeline in a report on Friday, January 10th. Barclays upped their target price on shares of 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Plains All American Pipeline presently has an average rating of "Hold" and an average target price of $20.21.

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.