Wealth Enhancement Advisory Services LLC Has $1.52 Million Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Wealth Enhancement Advisory Services LLC raised its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 61.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,070 shares of the pipeline company's stock after buying an additional 28,916 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Plains All American Pipeline were worth $1,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAA. Barclays PLC increased its holdings in shares of Plains All American Pipeline by 110.4% during the 4th quarter. Barclays PLC now owns 4,226,335 shares of the pipeline company's stock worth $72,186,000 after purchasing an additional 2,218,014 shares during the period. Invesco Ltd. grew its position in Plains All American Pipeline by 4.6% during the fourth quarter. Invesco Ltd. now owns 27,827,930 shares of the pipeline company's stock worth $475,301,000 after buying an additional 1,224,381 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Plains All American Pipeline by 8.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock valued at $261,283,000 after acquiring an additional 1,211,286 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Plains All American Pipeline by 30.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,936,982 shares of the pipeline company's stock valued at $92,470,000 after acquiring an additional 1,162,933 shares in the last quarter. Finally, Natixis raised its holdings in Plains All American Pipeline by 33.2% in the 4th quarter. Natixis now owns 2,707,900 shares of the pipeline company's stock valued at $46,251,000 after acquiring an additional 675,000 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Wall Street Analyst Weigh In

PAA has been the topic of a number of research reports. Mizuho set a $22.00 price objective on Plains All American Pipeline and gave the company an "outperform" rating in a research report on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. JPMorgan Chase & Co. raised 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. Citigroup decreased their target price on shares of Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $20.00 price target on shares of Plains All American Pipeline in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.50.

Plains All American Pipeline Price Performance

PAA stock traded up $0.10 during midday trading on Wednesday, reaching $18.18. 280,079 shares of the company's stock traded hands, compared to its average volume of 3,233,103. 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 market cap of $12.78 billion, a price-to-earnings ratio of 24.93 and a beta of 0.66. The company has a 50-day simple moving average of $17.41 and a two-hundred day simple moving average of $18.42. Plains All American Pipeline, L.P. has a 1-year low of $15.58 and a 1-year high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its quarterly 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%. During the same quarter in the prior year, the firm earned $0.41 EPS. Plains All American Pipeline's quarterly revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

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.