Plains All American Pipeline, L.P. (NYSE:PAA) Stock Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 61.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 76,070 shares of the pipeline company’s stock after buying an additional 28,916 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Plains All American Pipeline were worth $1,521,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PAA. Larson Financial Group LLC boosted its stake in Plains All American Pipeline by 4.7% in the fourth quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company’s stock valued at $223,000 after acquiring an additional 583 shares during the period. Farther Finance Advisors LLC boosted its position in Plains All American Pipeline by 107.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 657 shares during the period. Capital Advisory Group Advisory Services LLC boosted its position in Plains All American Pipeline by 2.5% during the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company’s stock valued at $569,000 after purchasing an additional 685 shares during the period. World Investment Advisors grew its stake in Plains All American Pipeline by 4.2% during the 4th quarter. World Investment Advisors now owns 21,100 shares of the pipeline company’s stock worth $360,000 after buying an additional 850 shares during the last quarter. Finally, US Bancorp DE increased its position in Plains All American Pipeline by 0.8% in the fourth quarter. US Bancorp DE now owns 126,392 shares of the pipeline company’s stock worth $2,159,000 after buying an additional 1,003 shares during the period. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Up 0.3%

Shares of NYSE:PAA opened at $18.32 on Tuesday. The company has a 50 day moving average of $17.40 and a 200-day moving average of $18.42. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.88 billion, a P/E ratio of 25.10 and a beta of 0.66. Plains All American Pipeline, L.P. has a twelve month low of $15.58 and a twelve month high of $21.00.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.52 annualized dividend and a yield of 8.30%. Plains All American Pipeline’s dividend payout ratio is currently 163.44%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PAA shares. Morgan Stanley reissued an “equal weight” rating and set a $23.00 price target on shares of Plains All American Pipeline in a report on Friday, May 9th. Mizuho set a $22.00 price objective on shares of Plains All American Pipeline and gave the company an “outperform” rating in a research report on Wednesday, June 18th. Scotiabank reduced their target price on shares of Plains All American Pipeline from $20.00 to $19.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 5th. Wells Fargo & Company cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 9th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Plains All American Pipeline in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Plains All American Pipeline presently has a consensus rating of “Hold” and an average price target of $20.50.

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.