Wealth Alliance Advisory Group LLC Increases Stake in Plains All American Pipeline, L.P. (NYSE:PAA)

Wealth Alliance Advisory Group LLC boosted its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,350 shares of the pipeline company’s stock after purchasing an additional 1,197 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Plains All American Pipeline were worth $1,543,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAA. Wilmington Savings Fund Society FSB acquired a new position in shares of Plains All American Pipeline in the 3rd quarter valued at about $27,000. Future Financial Wealth Managment LLC acquired a new stake in Plains All American Pipeline in the 3rd quarter valued at $28,000. Sunbelt Securities Inc. raised its position in Plains All American Pipeline by 53.2% in the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 1,318 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Plains All American Pipeline by 16.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock worth $109,000 after purchasing an additional 856 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Plains All American Pipeline by 100.0% in the third quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company’s stock worth $139,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

Shares of PAA opened at $20.06 on Friday. 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 12-month low of $15.02 and a 12-month high of $20.35. The business’s fifty day moving average price is $17.81 and its 200 day moving average price is $17.74. The stock has a market capitalization of $14.12 billion, a PE ratio of 12.50 and a beta of 1.64.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The company had revenue of $12.74 billion for the quarter, compared to the consensus estimate of $13.09 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that Plains All American Pipeline, L.P. will post 1.56 EPS for the current year.

Plains All American Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 7.58%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, January 31st. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 113.39%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, January 10th. Scotiabank reaffirmed 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. Morgan Stanley cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $22.00 to $19.00 in a research report on Friday, October 25th. Finally, Bank of America started coverage on Plains All American Pipeline in a research report on Thursday, October 17th. They set a “neutral” rating and a $18.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Plains All American Pipeline currently has a consensus rating of “Hold” and a consensus price target of $19.92.

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.