Corient Private Wealth LLC Has $7.31 Million Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Corient Private Wealth LLC raised its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 427,682 shares of the pipeline company’s stock after buying an additional 25,263 shares during the quarter. Corient Private Wealth LLC’s holdings in Plains All American Pipeline were worth $7,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAA. Wilmington Savings Fund Society FSB bought a new position in Plains All American Pipeline in the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Plains All American Pipeline in the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its holdings in shares of Plains All American Pipeline by 1,684.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 3,368 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Plains All American Pipeline by 100.0% during 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 during the last quarter. Finally, Rothschild Investment LLC grew its holdings in Plains All American Pipeline by 66.7% during the fourth quarter. Rothschild Investment LLC now owns 9,500 shares of the pipeline company’s stock worth $162,000 after buying an additional 3,800 shares in the last quarter. 41.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PAA shares. 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 raised their price target 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. Wolfe Research raised shares of 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 research report on Friday, January 10th. Scotiabank dropped their target price on shares of Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.92.

Plains All American Pipeline Price Performance

Shares of NYSE PAA opened at $20.24 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $19.91 and a two-hundred day simple moving average of $18.33. Plains All American Pipeline, L.P. has a 1-year low of $16.21 and a 1-year high of $21.00. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 27.73 and a beta of 1.62.

Plains All American Pipeline Increases Dividend

The company 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 represents a $1.52 annualized dividend and a yield of 7.51%. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s dividend payout ratio (DPR) is 208.22%.

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.