9,552 Shares in Plains All American Pipeline, L.P. (NYSE:PAA) Acquired by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. acquired a new stake in Plains All American Pipeline, L.P. (NYSE:PAA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,552 shares of the pipeline company’s stock, valued at approximately $163,000.

Other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in shares of Plains All American Pipeline by 30.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company’s stock valued at $92,470,000 after buying an additional 1,162,933 shares in the last quarter. Duff & Phelps Investment Management Co. increased its stake in Plains All American Pipeline by 14.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,436,900 shares of the pipeline company’s stock valued at $41,622,000 after acquiring an additional 300,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Plains All American Pipeline by 8.7% in the fourth quarter. JPMorgan Chase & Co. now owns 7,851,712 shares of the pipeline company’s stock valued at $134,107,000 after acquiring an additional 630,141 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in Plains All American Pipeline during the fourth quarter valued at approximately $97,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Plains All American Pipeline during the fourth quarter worth $341,000. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Stock Performance

NYSE PAA opened at $20.21 on Monday. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 27.68 and a beta of 1.62. 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 twelve month low of $16.21 and a twelve month high of $21.00. The stock has a fifty day simple moving average of $20.00 and a 200 day simple moving average of $18.45.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.38 dividend. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, January 31st. This represents a $1.52 annualized dividend and a dividend yield of 7.52%. Plains All American Pipeline’s dividend payout ratio is presently 208.22%.

Wall Street Analyst Weigh In

PAA has been the topic of several recent analyst reports. Wolfe Research upgraded Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, January 10th. Barclays raised their price objective 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. Raymond James increased their target price on shares of 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. 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 company from $22.00 to $20.00 in a research note on Wednesday, December 18th. Finally, Morgan Stanley upped their price objective on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Plains All American Pipeline has an average rating of “Hold” and a consensus target price of $20.23.

Plains All American Pipeline Company 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.