Plains All American Pipeline, L.P. (NYSE:PAA) Shares Acquired by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC grew its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,927 shares of the pipeline company’s stock after buying an additional 1,198 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Plains All American Pipeline were worth $1,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DRW Securities LLC acquired a new position in shares of Plains All American Pipeline in the 4th quarter valued at about $1,661,000. Principal Securities Inc. acquired a new position in shares of Plains All American Pipeline in the 4th quarter valued at about $138,000. BNP Paribas Financial Markets raised its holdings in Plains All American Pipeline by 69.4% in the 1st quarter. BNP Paribas Financial Markets now owns 1,824,808 shares of the pipeline company’s stock worth $32,044,000 after purchasing an additional 747,852 shares during the period. Sei Investments Co. acquired a new position in Plains All American Pipeline in the 1st quarter worth about $2,608,000. Finally, ING Groep NV raised its holdings in Plains All American Pipeline by 1.9% in the 4th quarter. ING Groep NV now owns 3,100,600 shares of the pipeline company’s stock worth $47,005,000 after purchasing an additional 57,000 shares during the period. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

NYSE:PAA opened at $17.94 on Friday. Plains All American Pipeline, L.P. has a 12 month low of $14.25 and a 12 month high of $19.17. The stock has a 50 day moving average of $18.02 and a two-hundred day moving average of $17.47. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.58 billion, a P/E ratio of 15.47 and a beta of 1.61.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $12.93 billion during the quarter, compared to analyst estimates of $12.32 billion. Plains All American Pipeline had a return on equity of 11.52% and a net margin of 2.07%. Plains All American Pipeline’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. On average, analysts expect that Plains All American Pipeline, L.P. will post 1.3 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a $0.3175 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.08%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 109.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PAA shares. TD Securities upped their price target on Plains All American Pipeline from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Morgan Stanley upped their price target on Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. UBS Group upped their price target on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 price target on shares of Plains All American Pipeline in a report on Tuesday, August 13th. Finally, Wells Fargo & Company upped their price target on Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.64.

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.