D.A. Davidson & CO. Buys 2,384 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

D.A. Davidson & CO. grew its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,271 shares of the pipeline company’s stock after acquiring an additional 2,384 shares during the quarter. D.A. Davidson & CO.’s holdings in Plains All American Pipeline were worth $432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PAA. Wilmington Savings Fund Society FSB purchased a new stake in shares of Plains All American Pipeline during the third quarter valued at $27,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Plains All American Pipeline during the fourth quarter valued at $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 last quarter. Westmount Partners LLC purchased a new stake in shares of Plains All American Pipeline during the fourth quarter valued at $177,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Plains All American Pipeline during the third quarter valued at $186,000. 41.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PAA has been the topic of several recent analyst reports. Scotiabank reaffirmed a “sector outperform” rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Raymond James raised their target price on 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. Barclays raised their target price on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Finally, Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.21.

Plains All American Pipeline Stock Down 0.9 %

NYSE PAA opened at $20.11 on Wednesday. The stock’s 50-day moving average price is $19.10 and its 200-day moving average price is $18.08. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a 52 week low of $16.18 and a 52 week high of $21.00. The company has a market capitalization of $14.15 billion, a P/E ratio of 27.55 and a beta of 1.65.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.38 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.52 annualized dividend and a dividend yield of 7.56%. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s dividend payout ratio (DPR) is 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.