U.S. Capital Wealth Advisors LLC Cuts Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

U.S. Capital Wealth Advisors LLC lowered its position in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,728 shares of the pipeline company's stock after selling 47,457 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Plains All American Pipeline were worth $3,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co boosted its position in Plains All American Pipeline by 212.5% in the 3rd quarter. CENTRAL TRUST Co now owns 2,500 shares of the pipeline company's stock worth $38,000 after purchasing an additional 1,700 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Plains All American Pipeline during the fourth quarter valued at $39,000. Briaud Financial Planning Inc purchased a new position in Plains All American Pipeline in the third quarter valued at $58,000. Provence Wealth Management Group acquired a new position in shares of Plains All American Pipeline in the third quarter worth about $62,000. Finally, Allworth Financial LP boosted its stake in shares of Plains All American Pipeline by 451.1% during the 3rd quarter. Allworth Financial LP now owns 6,244 shares of the pipeline company's stock worth $96,000 after acquiring an additional 5,111 shares in the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Trading Up 1.5 %

NYSE:PAA traded up $0.26 during trading hours on Friday, hitting $17.49. The company had a trading volume of 5,599,907 shares, compared to its average volume of 4,457,181. Plains All American Pipeline, L.P. has a 1 year low of $12.07 and a 1 year high of $19.03. The company has a market cap of $12.26 billion, a P/E ratio of 12.58 and a beta of 1.58. The company has a 50-day moving average of $17.37 and a 200 day moving average of $16.14. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings results on Friday, May 3rd. The pipeline company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The firm had revenue of $12 billion for the quarter, compared to analysts' expectations of $12.98 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The company's revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that Plains All American Pipeline, L.P. will post 1.32 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.26%. The ex-dividend date is Tuesday, April 30th. Plains All American Pipeline's payout ratio is presently 91.37%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PAA shares. The Goldman Sachs Group upped their price target on Plains All American Pipeline from $14.50 to $16.00 and gave the stock a "sell" rating in a report on Friday, April 12th. Scotiabank started coverage on shares of Plains All American Pipeline in a report on Monday, April 8th. They issued a "sector outperform" rating and a $23.00 price target for the company. UBS Group increased their price objective on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a "buy" rating in a report on Friday, April 12th. StockNews.com downgraded shares of Plains All American Pipeline from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Finally, Citigroup lifted their price objective on Plains All American Pipeline from $16.50 to $17.50 and gave the stock a "neutral" rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued 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 has a consensus rating of "Moderate Buy" and an average target price of $18.96.

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.