Wealth Enhancement Advisory Services LLC Buys 15,854 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Wealth Enhancement Advisory Services LLC lifted its position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 50.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,154 shares of the pipeline company's stock after acquiring an additional 15,854 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Plains All American Pipeline were worth $805,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Plains All American Pipeline by 4.7% in the 4th quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock worth $223,000 after purchasing an additional 583 shares during the last quarter. Financial Sense Advisors Inc. increased its stake in Plains All American Pipeline by 5.4% during the 4th quarter. Financial Sense Advisors Inc. now owns 16,027 shares of the pipeline company's stock valued at $274,000 after purchasing an additional 823 shares in the last quarter. World Investment Advisors raised its holdings in Plains All American Pipeline by 4.2% in the fourth quarter. World Investment Advisors now owns 21,100 shares of the pipeline company's stock worth $360,000 after buying an additional 850 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Plains All American Pipeline by 5.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company's stock worth $294,000 after buying an additional 885 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Plains All American Pipeline by 0.8% in the fourth quarter. US Bancorp DE now owns 126,392 shares of the pipeline company's stock worth $2,159,000 after buying an additional 1,003 shares in the last quarter. Institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock traded up $0.27 during trading hours on Tuesday, reaching $17.67. 4,161,945 shares of the stock traded hands, compared to its average volume of 3,847,784. Plains All American Pipeline, L.P. has a one year low of $15.57 and a one year high of $21.00. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 24.21 and a beta of 0.66. 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 company has a 50 day moving average price of $17.12 and a 200 day moving average price of $18.42.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share (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%. During the same quarter in the prior year, the business earned $0.41 EPS. Plains All American Pipeline's revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a yield of 8.60%. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PAA shares. Citigroup reduced their price target on shares of Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a report on Friday, May 9th. Wall Street Zen upgraded Plains All American Pipeline from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Mizuho dropped their price objective on Plains All American Pipeline from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. Finally, Barclays reiterated an "underweight" rating and issued a $18.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Plains All American Pipeline presently has a consensus rating of "Moderate Buy" and an average target price 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.