Atria Wealth Solutions Inc. Decreases Stock Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Atria Wealth Solutions Inc. trimmed its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 64.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,048 shares of the pipeline company's stock after selling 60,514 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Plains All American Pipeline were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in Plains All American Pipeline by 107.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock valued at $26,000 after purchasing an additional 657 shares during the last quarter. Capital Advisory Group Advisory Services LLC increased its holdings in Plains All American Pipeline by 2.5% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock valued at $569,000 after purchasing an additional 685 shares during the last quarter. Prossimo Advisors LLC increased its holdings in Plains All American Pipeline by 6.6% in the 1st quarter. Prossimo Advisors LLC now owns 12,343 shares of the pipeline company's stock valued at $247,000 after purchasing an additional 764 shares during the last quarter. Financial Sense Advisors Inc. increased its holdings 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 valued at $336,000 after purchasing an additional 766 shares during the last quarter. Finally, Clarus Group Inc. increased its holdings in Plains All American Pipeline by 0.9% in the 1st quarter. Clarus Group Inc. now owns 92,330 shares of the pipeline company's stock valued at $1,847,000 after purchasing an additional 803 shares during the last quarter. 41.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAA has been the subject of several research reports. Wolfe Research reiterated a "peer perform" rating on shares of Plains All American Pipeline in a report on Friday, July 25th. UBS Group set a $25.00 price target on shares of Plains All American Pipeline and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Citigroup set a $18.00 price target on shares of Plains All American Pipeline and gave the stock a "neutral" rating in a research note on Friday. Barclays restated an "underweight" rating on shares of Plains All American Pipeline in a research note on Friday. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.75.

Plains All American Pipeline Price Performance

Plains All American Pipeline stock opened at $17.66 on Wednesday. The stock has a market cap of $12.42 billion, a P/E ratio of 24.19 and a beta of 0.73. The company has a fifty day simple moving average of $18.22 and a 200-day simple moving average of $18.45. Plains All American Pipeline, L.P. has a 12-month low of $15.57 and a 12-month high of $21.00. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The company's quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Equities analysts expect that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.52 dividend on an annualized basis and a yield of 8.6%. Plains All American Pipeline's payout ratio is 172.73%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.