Cetera Investment Advisers Has $3.82 Million Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Cetera Investment Advisers reduced its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,934 shares of the pipeline company’s stock after selling 9,076 shares during the period. Cetera Investment Advisers’ holdings in Plains All American Pipeline were worth $3,819,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its position in Plains All American Pipeline by 230.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 47,707 shares of the pipeline company’s stock worth $954,000 after purchasing an additional 33,271 shares during the last quarter. Brookwood Investment Group LLC acquired a new position in Plains All American Pipeline in the 1st quarter worth about $328,000. AE Wealth Management LLC increased its position in Plains All American Pipeline by 12.1% in the 1st quarter. AE Wealth Management LLC now owns 12,361 shares of the pipeline company’s stock worth $247,000 after purchasing an additional 1,330 shares during the last quarter. Financial Sense Advisors Inc. increased its position in Plains All American Pipeline by 4.8% in the 1st quarter. Financial Sense Advisors Inc. now owns 16,793 shares of the pipeline company’s stock worth $336,000 after purchasing an additional 766 shares during the last quarter. Finally, WT Wealth Management increased its position in Plains All American Pipeline by 7.7% in the 1st quarter. WT Wealth Management now owns 31,310 shares of the pipeline company’s stock worth $626,000 after purchasing an additional 2,229 shares during the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Price Performance

Shares of NYSE:PAA opened at $17.93 on Tuesday. The business has a 50 day moving average price of $18.09 and a 200 day moving average price of $18.54. Plains All American Pipeline, L.P. has a twelve month low of $15.57 and a twelve month high of $21.00. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 24.56 and a beta of 0.73. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

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

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be given a $0.38 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.5%. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 163.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PAA shares. Wells Fargo & Company downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 9th. Wall Street Zen upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. increased their price target on Plains All American Pipeline from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. Wolfe Research reiterated a “peer perform” rating on shares of Plains All American Pipeline in a report on Friday, July 25th. Finally, Scotiabank lowered their price target on Plains All American Pipeline from $20.00 to $19.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.75.

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.