Avantax Advisory Services Inc. Has $247,000 Stake in Plains All American Pipeline, L.P. (NYSE:PAA)

Avantax Advisory Services Inc. grew its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 41.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,436 shares of the pipeline company’s stock after buying an additional 4,241 shares during the period. Avantax Advisory Services Inc.’s holdings in Plains All American Pipeline were worth $247,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PAA. JPMorgan Chase & Co. raised its stake in shares of Plains All American Pipeline by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,571 shares of the pipeline company’s stock valued at $125,439,000 after acquiring an additional 2,677,951 shares in the last quarter. ING Groep NV raised its position in shares of Plains All American Pipeline by 194.5% in the fourth quarter. ING Groep NV now owns 3,892,637 shares of the pipeline company’s stock valued at $66,486,000 after purchasing an additional 2,570,700 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in shares of Plains All American Pipeline by 1.5% during the 4th quarter. Miller Howard Investments Inc. NY now owns 2,610,872 shares of the pipeline company’s stock worth $44,594,000 after buying an additional 38,062 shares during the period. Barclays PLC grew its stake in Plains All American Pipeline by 1.6% in the 3rd quarter. Barclays PLC now owns 2,008,321 shares of the pipeline company’s stock valued at $34,885,000 after buying an additional 32,061 shares during the last quarter. Finally, Adams Asset Advisors LLC raised its holdings in Plains All American Pipeline by 0.6% in the 4th quarter. Adams Asset Advisors LLC now owns 767,558 shares of the pipeline company’s stock worth $13,110,000 after acquiring an additional 4,617 shares during the period. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

NYSE PAA opened at $20.38 on Thursday. Plains All American Pipeline, L.P. has a twelve month low of $16.21 and a twelve month high of $21.00. 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 stock has a market cap of $14.34 billion, a P/E ratio of 27.92 and a beta of 1.62. The company’s 50-day simple moving average is $20.00 and its 200 day simple moving average is $18.40.

Plains All American Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.38 dividend. The ex-dividend date 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 7.46%. Plains All American Pipeline’s dividend payout ratio is presently 208.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PAA shares. Barclays upped their price target on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Raymond James raised their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 28th. Morgan Stanley lifted their price target on Plains All American Pipeline from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Wolfe Research upgraded shares of 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 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 target price for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Plains All American Pipeline has an average rating of “Hold” and a consensus target price of $20.23.

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.