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

Atria Wealth Solutions Inc. increased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 30.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,562 shares of the pipeline company’s stock after acquiring an additional 21,969 shares during the period. Atria Wealth Solutions Inc.’s holdings in Plains All American Pipeline were worth $1,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Eclectic Associates Inc. ADV grew its position in Plains All American Pipeline by 7.6% during the 4th quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company’s stock worth $207,000 after acquiring an additional 854 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in Plains All American Pipeline by 5.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company’s stock worth $294,000 after buying an additional 885 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Plains All American Pipeline by 5.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock worth $315,000 after buying an additional 887 shares during the period. Wealth Alliance Advisory Group LLC lifted its holdings in Plains All American Pipeline by 1.3% during the 4th quarter. Wealth Alliance Advisory Group LLC now owns 90,350 shares of the pipeline company’s stock worth $1,543,000 after buying an additional 1,197 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in Plains All American Pipeline by 5.8% during the 4th quarter. Arkadios Wealth Advisors now owns 25,089 shares of the pipeline company’s stock worth $429,000 after buying an additional 1,376 shares during the period. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Down 0.7 %

PAA stock opened at $20.48 on Friday. The stock’s 50 day simple moving average is $19.00 and its 200 day simple moving average is $18.03. 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 debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company has a market cap of $14.41 billion, a P/E ratio of 28.05 and a beta of 1.65.

Plains All American Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.38 per share. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend was Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is 208.22%.

Analysts Set New Price Targets

Several brokerages have commented on PAA. Scotiabank reaffirmed a “sector outperform” rating and set 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 target price on the stock in a report on Friday, January 10th. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 target price on shares of Plains All American Pipeline in a report on Friday, November 15th. Finally, Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, Plains All American Pipeline presently has an average rating of “Hold” and a consensus price target of $20.21.

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.