Fullcircle Wealth LLC Takes $287,000 Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Fullcircle Wealth LLC bought a new stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,665 shares of the pipeline company's stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of Plains All American Pipeline by 107.0% in the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock valued at $26,000 after buying an additional 657 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Plains All American Pipeline in the fourth quarter valued at $27,000. Jones Financial Companies Lllp increased its holdings in shares of Plains All American Pipeline by 1,684.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock valued at $61,000 after buying an additional 3,368 shares in the last quarter. North Capital Inc. acquired a new stake in Plains All American Pipeline during the 1st quarter valued at $61,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Plains All American Pipeline during the 1st quarter valued at $68,000. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Trading Up 0.5%

PAA stock traded up $0.09 during trading on Wednesday, hitting $18.67. The company had a trading volume of 2,503,510 shares, compared to its average volume of 3,238,139. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $17.44 and a 200-day moving average price of $18.46. Plains All American Pipeline, L.P. has a 12 month low of $15.58 and a 12 month high of $21.00. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 25.58 and a beta of 0.68.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its earnings results on Friday, May 9th. The pipeline company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The business's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. As a group, analysts predict that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.52 annualized dividend and a yield of 8.14%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 163.44%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PAA. Raymond James Financial reissued a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Wall Street Zen upgraded shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. UBS Group restated a "buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.36.

Plains All American Pipeline Profile

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.