Corps Capital Advisors LLC Makes New Investment in Plains All American Pipeline, L.P. (NYSE:PAA)

Corps Capital Advisors LLC bought a new stake in Plains All American Pipeline, L.P. (NYSE:PAA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 48,971 shares of the pipeline company’s stock, valued at approximately $836,000.

A number of other large investors have also recently made changes to their positions in PAA. Ieq Capital LLC acquired a new stake in shares of Plains All American Pipeline in the fourth quarter valued at approximately $221,000. Financial Sense Advisors Inc. raised its position in Plains All American Pipeline by 5.4% in the 4th quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company’s stock valued at $274,000 after purchasing an additional 823 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Plains All American Pipeline by 30.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 93,562 shares of the pipeline company’s stock worth $1,598,000 after purchasing an additional 21,969 shares during the period. D.A. Davidson & CO. grew its position in Plains All American Pipeline by 10.4% during the 4th quarter. D.A. Davidson & CO. now owns 25,271 shares of the pipeline company’s stock worth $432,000 after purchasing an additional 2,384 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Plains All American Pipeline by 16.9% in the fourth quarter. Sanctuary Advisors LLC now owns 64,854 shares of the pipeline company’s stock valued at $1,108,000 after purchasing an additional 9,360 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Stock Performance

Shares of PAA stock opened at $20.47 on Thursday. The stock has a fifty day moving average price of $18.84 and a 200 day moving average price of $17.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market cap of $14.40 billion, a PE ratio of 28.04 and a beta of 1.65. Plains All American Pipeline, L.P. has a 1 year low of $16.04 and a 1 year high of $21.00.

Plains All American Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.38 dividend. The ex-dividend date was Friday, January 31st. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 7.43%. Plains All American Pipeline’s payout ratio is currently 208.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, January 10th. Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $22.00 to $20.00 in a research note on Wednesday, December 18th. 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a research report on Friday, November 15th. Finally, Raymond James boosted their price objective on shares of 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. Two equities 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has an average 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.