Wealthstar Advisors LLC Takes Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Wealthstar Advisors LLC acquired a new position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 35,470 shares of the pipeline company's stock, valued at approximately $606,000.

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

Plains All American Pipeline Stock Performance

NYSE PAA traded up $0.17 on Thursday, hitting $19.54. The stock had a trading volume of 3,248,711 shares, compared to its average volume of 4,803,142. The company's 50-day moving average is $18.69 and its two-hundred day moving average is $17.93. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 17.45 and a beta of 1.65. Plains All American Pipeline, L.P. has a one year low of $15.63 and a one year high of $21.00.

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Plains All American Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.38 dividend. This is an increase from Plains All American Pipeline's previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 7.78%. The ex-dividend date is Friday, January 31st. Plains All American Pipeline's dividend payout ratio (DPR) is 208.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PAA. Morgan Stanley downgraded Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $22.00 to $19.00 in a research report on Friday, October 25th. Scotiabank restated a "sector outperform" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a report on Friday, January 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Raymond James boosted their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Bank of America started coverage on shares of Plains All American Pipeline in a report on Thursday, October 17th. They set a "neutral" rating and a $18.00 price target for the company. Two 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.