WT Wealth Management Raises Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

WT Wealth Management grew its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,081 shares of the pipeline company’s stock after purchasing an additional 2,808 shares during the quarter. WT Wealth Management’s holdings in Plains All American Pipeline were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Prasad Wealth Partners LLC purchased a new stake in shares of Plains All American Pipeline during the 4th quarter valued at about $280,000. Rothschild Investment LLC grew its stake in shares of Plains All American Pipeline by 66.7% during the 4th quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company’s stock valued at $162,000 after acquiring an additional 3,800 shares during the period. IFP Advisors Inc grew its stake in shares of Plains All American Pipeline by 63.1% during the 4th quarter. IFP Advisors Inc now owns 11,911 shares of the pipeline company’s stock valued at $203,000 after acquiring an additional 4,606 shares during the period. Dividend Assets Capital LLC grew its stake in shares of Plains All American Pipeline by 11.5% during the 4th quarter. Dividend Assets Capital LLC now owns 136,566 shares of the pipeline company’s stock valued at $2,333,000 after acquiring an additional 14,104 shares during the period. Finally, Capital Advisory Group Advisory Services LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter valued at approximately $474,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

PAA stock opened at $20.11 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $19.17 and its two-hundred day simple moving average is $18.10. Plains All American Pipeline, L.P. has a twelve month low of $16.21 and a twelve month high of $21.00. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 27.55 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. Stockholders of record on Friday, January 31st were given a dividend of $0.38 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 7.56%. Plains All American Pipeline’s dividend payout ratio is presently 208.22%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PAA. Raymond James boosted 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. Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. Wolfe Research upgraded Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, January 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $19.00 price target on shares of Plains All American Pipeline in a research note on Friday, November 15th. Finally, Barclays upped their price target on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.