U.S. Capital Wealth Advisors LLC Purchases 14,791 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

U.S. Capital Wealth Advisors LLC increased its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,559 shares of the pipeline company's stock after acquiring an additional 14,791 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Plains All American Pipeline were worth $5,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PAA. Cambridge Investment Research Advisors Inc. grew its stake in Plains All American Pipeline by 31.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 43,970 shares of the pipeline company's stock worth $879,000 after purchasing an additional 10,412 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Plains All American Pipeline by 5.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 56,334 shares of the pipeline company's stock worth $1,127,000 after buying an additional 2,891 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in 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 worth $61,000 after buying an additional 3,368 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Plains All American Pipeline in the first quarter worth approximately $218,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Plains All American Pipeline by 61.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,070 shares of the pipeline company's stock valued at $1,521,000 after buying an additional 28,916 shares during 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 $0.00 during trading hours on Wednesday, reaching $18.58. 435,533 shares of the stock traded hands, compared to its average volume of 3,229,055. Plains All American Pipeline, L.P. has a one year low of $15.58 and a one year high of $21.00. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 25.42 and a beta of 0.68. 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 $17.44 and a 200 day moving average price of $18.46.

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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a $0.38 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.52 annualized dividend and a dividend yield of 8.18%. Plains All American Pipeline's dividend payout ratio (DPR) is 163.44%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PAA. Mizuho set a $22.00 price objective on shares of Plains All American Pipeline and gave the stock an "outperform" rating in a report on Wednesday, June 18th. Morgan Stanley restated an "equal weight" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. Wells Fargo & Company cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on Plains All American Pipeline from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, Wall Street Zen raised shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.36.

Plains All American Pipeline Company 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.