Capital Advisory Group Advisory Services LLC Makes New $474,000 Investment in Plains All American Pipeline, L.P. (NYSE:PAA)

Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 27,765 shares of the pipeline company’s stock, valued at approximately $474,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline during the third quarter worth approximately $27,000. Newbridge Financial Services Group Inc. purchased a new stake in Plains All American Pipeline during the 4th quarter valued at $27,000. Avior Wealth Management LLC boosted its stake in 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 worth $139,000 after buying an additional 4,000 shares during the period. Westmount Partners LLC bought a new position in Plains All American Pipeline during the fourth quarter valued at $177,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Plains All American Pipeline in the third quarter valued at $186,000. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Up 0.7 %

Shares of Plains All American Pipeline stock opened at $20.62 on Friday. 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 company has a market cap of $14.51 billion, a P/E ratio of 28.25 and a beta of 1.65. The firm’s 50 day moving average price is $18.94 and its 200-day moving average price is $18.01. Plains All American Pipeline, L.P. has a 52-week low of $16.18 and a 52-week high of $21.00.

Plains All American Pipeline Increases Dividend

The firm 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. The ex-dividend date was Friday, January 31st. 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 dividend yield of 7.37%. Plains All American Pipeline’s dividend payout ratio is presently 208.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. 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 research note on Friday, November 15th. Scotiabank reaffirmed a “sector outperform” rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, January 10th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. Finally, Wolfe Research upgraded 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 report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.