Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lowered its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 257,768 shares of the pipeline company’s stock after selling 5,877 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Plains All American Pipeline were worth $4,403,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Axiom Advisory LLC increased its holdings in shares of Plains All American Pipeline by 5.2% in the 3rd quarter. Axiom Advisory LLC now owns 15,300 shares of the pipeline company’s stock valued at $274,000 after acquiring an additional 750 shares during the last quarter. Eclectic Associates Inc. ADV boosted its holdings in Plains All American Pipeline by 7.6% in the fourth quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company’s stock worth $207,000 after purchasing an additional 854 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Plains All American Pipeline by 16.3% in 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 during the period. Thrivent Financial for Lutherans increased its stake in Plains All American Pipeline by 5.1% during the third quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock valued at $315,000 after purchasing an additional 887 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC raised its holdings in shares of Plains All American Pipeline by 1.3% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 90,350 shares of the pipeline company’s stock worth $1,543,000 after purchasing an additional 1,197 shares during the period. Institutional investors own 41.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PAA. Wells Fargo & Company lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Barclays upped their target price on Plains All American Pipeline from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Wolfe Research upgraded Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Friday, January 10th. Morgan Stanley downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Plains All American Pipeline has an average rating of “Hold” and a consensus target price of $20.21.

Plains All American Pipeline Trading Down 5.5 %

Plains All American Pipeline stock opened at $19.80 on Monday. Plains All American Pipeline, L.P. has a 12-month low of $15.02 and a 12-month high of $21.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The stock has a market capitalization of $13.93 billion, a PE ratio of 13.11 and a beta of 1.65. The firm has a 50 day simple moving average of $18.42 and a 200-day simple moving average of $17.86.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts expect that Plains All American Pipeline, L.P. will post 1.17 EPS for the current fiscal year.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.52 annualized dividend and a dividend yield of 7.68%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. Plains All American Pipeline’s dividend payout ratio is currently 135.71%.

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.