15,100 Shares in Plains All American Pipeline, L.P. (NYSE:PAA) Bought by Ritholtz Wealth Management

Ritholtz Wealth Management purchased a new stake in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,100 shares of the pipeline company's stock, valued at approximately $302,000.

A number of other institutional investors also recently made changes to their positions in the stock. Hennessy Advisors Inc. raised its holdings in Plains All American Pipeline by 4.2% in the 1st quarter. Hennessy Advisors Inc. now owns 438,196 shares of the pipeline company's stock valued at $8,764,000 after acquiring an additional 17,570 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Plains All American Pipeline by 61.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,070 shares of the pipeline company's stock valued at $1,521,000 after acquiring an additional 28,916 shares during the last quarter. Capital Advisory Group Advisory Services LLC boosted its position in shares of Plains All American Pipeline by 2.5% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock worth $569,000 after acquiring an additional 685 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 worth $26,000 after acquiring an additional 657 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Plains All American Pipeline by 65.0% in the first quarter. UMB Bank n.a. now owns 38,552 shares of the pipeline company's stock valued at $771,000 after purchasing an additional 15,189 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Stock Down 0.7%

Plains All American Pipeline stock traded down $0.13 during midday trading on Tuesday, hitting $18.12. The stock had a trading volume of 3,645,415 shares, compared to its average volume of 3,226,097. The business has a fifty day moving average price of $17.34 and a 200 day moving average price of $18.41. 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 $12.74 billion, a P/E ratio of 24.82 and a beta of 0.66. 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 announced its quarterly earnings data 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 return on equity of 11.69% and a net margin of 1.54%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Research analysts predict that Plains All American Pipeline, L.P. will post 1.52 EPS for the current year.

Plains All American Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date was Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is presently 163.44%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PAA. Wells Fargo & Company lowered shares of 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. Citigroup cut their price objective on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Scotiabank decreased their target price on Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating for the company in a report on Thursday, June 5th. Finally, Mizuho set a $22.00 target price on shares of Plains All American Pipeline and gave the stock an "outperform" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Plains All American Pipeline presently has a consensus rating of "Hold" and a consensus price target of $20.50.

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.