Stratos Wealth Partners LTD. Acquires 2,892 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Stratos Wealth Partners LTD. raised its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,409 shares of the pipeline company’s stock after acquiring an additional 2,892 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Plains All American Pipeline were worth $366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PAA. Magnus Financial Group LLC bought a new stake in Plains All American Pipeline during the third quarter valued at about $207,000. Cornerstone Wealth Management LLC increased its holdings in shares of Plains All American Pipeline by 97.6% in the third quarter. Cornerstone Wealth Management LLC now owns 30,234 shares of the pipeline company’s stock worth $525,000 after purchasing an additional 14,930 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its holdings in shares of Plains All American Pipeline by 1.4% in the third quarter. Wealth Alliance Advisory Group LLC now owns 89,153 shares of the pipeline company’s stock worth $1,549,000 after purchasing an additional 1,226 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in shares of Plains All American Pipeline by 241.0% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 449,827 shares of the pipeline company’s stock worth $7,813,000 after purchasing an additional 317,927 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Plains All American Pipeline by 57.9% in the third quarter. Private Advisor Group LLC now owns 168,703 shares of the pipeline company’s stock worth $2,930,000 after purchasing an additional 61,858 shares during the last quarter. 41.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAA has been the topic of several research reports. Wells Fargo & Company cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Raymond James lifted their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 28th. Morgan Stanley cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $22.00 to $19.00 in a report on Friday, October 25th. Scotiabank reaffirmed a “sector outperform” rating and issued a $23.00 target price on shares of Plains All American Pipeline in a report on Friday, January 10th. Finally, Bank of America assumed coverage on Plains All American Pipeline in a report on Thursday, October 17th. They issued a “neutral” rating and a $18.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Plains All American Pipeline presently has an average rating of “Hold” and an average price target of $20.21.

Plains All American Pipeline Stock Down 1.8 %

Shares of NYSE:PAA opened at $19.37 on Thursday. Plains All American Pipeline, L.P. has a 1 year low of $15.53 and a 1 year high of $21.00. The business has a 50 day simple moving average of $18.67 and a two-hundred day simple moving average of $17.92. The firm has a market capitalization of $13.63 billion, a PE ratio of 17.29 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.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend is 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 135.71%.

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.