MONECO Advisors LLC Sells 535 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

MONECO Advisors LLC decreased its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,583 shares of the pipeline company’s stock after selling 535 shares during the period. MONECO Advisors LLC’s holdings in Plains All American Pipeline were worth $1,086,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Plains All American Pipeline in the 3rd quarter valued at $27,000. Newbridge Financial Services Group Inc. bought a new position in Plains All American Pipeline during the 4th quarter valued at about $27,000. Avior Wealth Management LLC boosted its position in Plains All American Pipeline by 100.0% in 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 in the last quarter. Westmount Partners LLC bought a new stake in Plains All American Pipeline during the fourth quarter worth about $177,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Plains All American Pipeline during the third quarter worth approximately $186,000. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Trading Down 0.7 %

PAA opened at $20.48 on Monday. The firm has a 50 day simple moving average of $19.00 and a 200 day simple moving average of $18.04. Plains All American Pipeline, L.P. has a fifty-two week low of $16.18 and a fifty-two week high of $21.00. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 28.05 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 was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.38 per share. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.52 annualized dividend and a dividend yield of 7.42%. Plains All American Pipeline’s payout ratio is presently 208.22%.

Analyst Ratings Changes

Several research analysts have recently commented on PAA shares. Scotiabank reissued 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. Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Friday, January 10th. 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 note on Thursday, January 16th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Finally, Raymond James raised their price objective on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 28th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.21.

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.