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

Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,765 shares of the pipeline company’s stock, valued at approximately $474,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PAA. Manning & Napier Advisors LLC bought a new position in Plains All American Pipeline in the 4th quarter valued at approximately $1,708,000. Stifel Financial Corp lifted its holdings in shares of 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 valued at $4,008,000 after purchasing an additional 54,111 shares in the last quarter. FMR LLC boosted its position in shares of Plains All American Pipeline by 91.1% during the third quarter. FMR LLC now owns 600,282 shares of the pipeline company’s stock valued at $10,427,000 after buying an additional 286,222 shares during the last quarter. PFG Investments LLC boosted its position in shares of 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 valued at $771,000 after buying an additional 14,432 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in Plains All American Pipeline in the 4th quarter worth about $591,000. Institutional investors own 41.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAA. Scotiabank reaffirmed a “sector outperform” rating and set a $23.00 price target on shares of Plains All American Pipeline in a report on Friday, January 10th. Barclays raised their target price on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Wells Fargo & Company lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. Morgan Stanley downgraded 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.21.

Plains All American Pipeline Trading Up 0.7 %

Plains All American Pipeline stock opened at $20.62 on Friday. Plains All American Pipeline, L.P. has a 12-month low of $16.18 and a 12-month high of $21.00. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 28.25 and a beta of 1.65. The firm has a 50 day moving average of $18.94 and a 200 day moving average of $18.01. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a boost 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 208.22%.

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.