WT Wealth Management Has $497,000 Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

WT Wealth Management boosted its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,081 shares of the pipeline company’s stock after acquiring an additional 2,808 shares during the quarter. WT Wealth Management’s holdings in Plains All American Pipeline were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PAA. Manning & Napier Advisors LLC acquired a new position in Plains All American Pipeline during the fourth quarter worth $1,708,000. Stifel Financial Corp boosted its position in Plains All American Pipeline by 30.6% during the third quarter. Stifel Financial Corp now owns 230,729 shares of the pipeline company’s stock worth $4,008,000 after purchasing an additional 54,111 shares during the period. FMR LLC boosted its position in Plains All American Pipeline by 91.1% during the third quarter. FMR LLC now owns 600,282 shares of the pipeline company’s stock worth $10,427,000 after purchasing an additional 286,222 shares during the period. PFG Investments LLC boosted its position in Plains All American Pipeline by 47.0% during the fourth quarter. PFG Investments LLC now owns 45,151 shares of the pipeline company’s stock worth $771,000 after purchasing an additional 14,432 shares during the period. Finally, Caprock Group LLC bought a new position in Plains All American Pipeline during the fourth quarter worth about $591,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

PAA opened at $20.11 on Thursday. The stock has a 50-day moving average price of $19.17 and a 200-day moving average price of $18.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a market cap of $14.15 billion, a PE ratio of 27.55 and a beta of 1.65. Plains All American Pipeline, L.P. has a 1 year low of $16.21 and a 1 year high of $21.00.

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 given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s payout ratio is currently 208.22%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PAA shares. Barclays raised their target price on shares of 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. Scotiabank reaffirmed a “sector outperform” rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 15th. 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 stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Finally, Raymond James lifted their price target on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently 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.