U.S. Capital Wealth Advisors LLC Has $6.72 Million Stock Holdings in Plains All American Pipeline, L.P. $PAA

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in Plains All American Pipeline by 34.5%, owning 366,691 shares worth approximately $6.72 million as of the end of the most recent quarter.
• Analysts have set varying price targets for Plains All American Pipeline, with Citigroup at $18.00 and UBS Group at $25.00, leading to a consensus rating of "Hold" and an average target price of $20.58.
• Plains All American Pipeline recently declared a quarterly dividend of $0.38, translating to an annual yield of 9.0%, despite a high payout ratio of 172.73%.

U.S. Capital Wealth Advisors LLC increased its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 34.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,691 shares of the pipeline company's stock after buying an additional 94,132 shares during the period. U.S. Capital Wealth Advisors LLC owned about 0.05% of Plains All American Pipeline worth $6,718,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in Plains All American Pipeline during the 2nd quarter worth approximately $40,000. Secure Asset Management LLC lifted its position in shares of Plains All American Pipeline by 40.5% in the 2nd quarter. Secure Asset Management LLC now owns 22,168 shares of the pipeline company's stock worth $406,000 after purchasing an additional 6,395 shares during the period. Chickasaw Capital Management LLC lifted its position in shares of Plains All American Pipeline by 8.7% in the 2nd quarter. Chickasaw Capital Management LLC now owns 2,557,762 shares of the pipeline company's stock worth $46,858,000 after purchasing an additional 204,369 shares during the period. Gilman Hill Asset Management LLC lifted its position in shares of Plains All American Pipeline by 16.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 97,065 shares of the pipeline company's stock worth $1,778,000 after purchasing an additional 13,475 shares during the period. Finally, Atwood & Palmer Inc. acquired a new position in shares of Plains All American Pipeline in the 2nd quarter worth approximately $42,000. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAA has been the topic of a number of recent analyst reports. Citigroup set a $18.00 price target on shares of Plains All American Pipeline and gave the stock a "neutral" rating in a research report on Friday, August 8th. UBS Group set a $25.00 price target on shares of Plains All American Pipeline and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Scotiabank restated an "outperform" rating on shares of Plains All American Pipeline in a research report on Monday, September 8th. Wolfe Research restated a "peer perform" rating on shares of Plains All American Pipeline in a research report on Friday, July 25th. Finally, Zacks Research upgraded shares of Plains All American Pipeline to a "hold" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.58.

Plains All American Pipeline Price Performance

Shares of NYSE:PAA opened at $16.88 on Tuesday. The company's 50-day moving average is $17.84 and its 200 day moving average is $17.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company has a market capitalization of $11.87 billion, a P/E ratio of 23.12 and a beta of 0.80. Plains All American Pipeline, L.P. has a fifty-two week low of $15.57 and a fifty-two week high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The pipeline company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The firm's revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. On average, equities research analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Thursday, July 31st. Plains All American Pipeline's payout ratio is 172.73%.

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.

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