Plains All American Pipeline, L.P. (NYSE:PAA) Stock Holdings Trimmed by Wealth Alliance

Wealth Alliance cut its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,999 shares of the pipeline company’s stock after selling 2,244 shares during the quarter. Wealth Alliance’s holdings in Plains All American Pipeline were worth $485,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Capital Advisors Inc. OK bought a new position in shares of Plains All American Pipeline during the fourth quarter valued at approximately $4,234,000. Cerity Partners LLC grew its holdings in shares of Plains All American Pipeline by 7.1% during the fourth quarter. Cerity Partners LLC now owns 161,455 shares of the pipeline company’s stock valued at $2,446,000 after purchasing an additional 10,738 shares during the last quarter. Custom Index Systems LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter valued at approximately $1,526,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter valued at approximately $104,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Plains All American Pipeline by 1,415.0% during the fourth quarter. International Assets Investment Management LLC now owns 56,434 shares of the pipeline company’s stock valued at $855,000 after purchasing an additional 52,709 shares during the last quarter. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Price Performance

NYSE PAA opened at $17.36 on Thursday. The stock has a market capitalization of $12.17 billion, a P/E ratio of 12.49 and a beta of 1.59. Plains All American Pipeline, L.P. has a 1 year low of $12.07 and a 1 year high of $19.03. The business’s fifty day moving average is $16.95 and its two-hundred day moving average is $15.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.98.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. Plains All American Pipeline had a return on equity of 10.48% and a net margin of 2.39%. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, research analysts forecast that Plains All American Pipeline, L.P. will post 1.26 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 7.32%. The ex-dividend date of this dividend is Tuesday, April 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 91.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PAA shares. UBS Group boosted their price objective on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. StockNews.com downgraded Plains All American Pipeline from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Citigroup boosted their price objective on Plains All American Pipeline from $16.50 to $17.50 and gave the stock a “neutral” rating in a research report on Friday, March 1st. The Goldman Sachs Group boosted their price objective on Plains All American Pipeline from $14.50 to $16.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Finally, Scotiabank began coverage on Plains All American Pipeline in a research report on Monday, April 8th. They issued a “sector outperform” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.96.

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.