Plains All American Pipeline, L.P. (NYSE:PAA) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,217 shares of the pipeline company’s stock after acquiring an additional 1,607 shares during the period. Apollon Wealth Management LLC’s holdings in Plains All American Pipeline were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Eclectic Associates Inc. ADV increased its stake in Plains All American Pipeline by 7.6% in the 4th quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company’s stock valued at $207,000 after buying an additional 854 shares during the period. Thrivent Financial for Lutherans increased its stake in Plains All American Pipeline by 5.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock valued at $315,000 after buying an additional 887 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Plains All American Pipeline by 0.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 263,645 shares of the pipeline company’s stock valued at $4,580,000 after buying an additional 1,047 shares during the period. Wealth Alliance Advisory Group LLC increased its stake in Plains All American Pipeline by 1.3% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 90,350 shares of the pipeline company’s stock valued at $1,543,000 after buying an additional 1,197 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in Plains All American Pipeline by 5.8% in the 4th quarter. Arkadios Wealth Advisors now owns 25,089 shares of the pipeline company’s stock valued at $429,000 after buying an additional 1,376 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Price Performance

Shares of Plains All American Pipeline stock opened at $19.72 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. Plains All American Pipeline, L.P. has a fifty-two week low of $15.45 and a fifty-two week high of $21.00. The firm has a fifty day moving average price of $18.65 and a two-hundred day moving average price of $17.91. The company has a market cap of $13.88 billion, a PE ratio of 17.61 and a beta of 1.65.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is 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 yield of 7.71%. Plains All American Pipeline’s dividend payout ratio is 135.71%.

Analyst Upgrades and Downgrades

PAA has been the topic of several research reports. Barclays upped their price objective 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. Raymond James increased 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. Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, January 10th. Scotiabank restated a “sector outperform” rating and set a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered 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 $20.00 in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Plains All American Pipeline has an average rating of “Hold” and a consensus price target 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.