Atria Wealth Solutions Inc. Buys 21,969 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Atria Wealth Solutions Inc. grew its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 30.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 93,562 shares of the pipeline company’s stock after purchasing an additional 21,969 shares during the period. Atria Wealth Solutions Inc.’s holdings in Plains All American Pipeline were worth $1,598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAA. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline during the 3rd quarter worth approximately $27,000. Newbridge Financial Services Group Inc. bought a new stake in Plains All American Pipeline during the 4th quarter worth approximately $27,000. Avior Wealth Management LLC increased its holdings 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 in the last quarter. Westmount Partners LLC bought a new stake in Plains All American Pipeline during the 4th quarter worth approximately $177,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Plains All American Pipeline during the 3rd quarter worth approximately $186,000. 41.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PAA shares. Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Friday, January 10th. Raymond James upped their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 28th. Barclays raised their target price on Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Finally, Scotiabank restated 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. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.21.

Plains All American Pipeline Stock Down 0.7 %

PAA opened at $20.48 on Friday. The company has a 50 day moving average of $19.00 and a 200 day moving average of $18.03. The company has a market cap of $14.41 billion, a PE ratio of 28.05 and a beta of 1.65. Plains All American Pipeline, L.P. has a 12 month low of $16.18 and a 12 month high of $21.00. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.38 dividend. The ex-dividend date was Friday, January 31st. 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 yield of 7.42%. Plains All American Pipeline’s dividend payout ratio (DPR) is 208.22%.

About Plains All American Pipeline

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.