35,470 Shares in Plains All American Pipeline, L.P. (NYSE:PAA) Bought by Wealthstar Advisors LLC

Wealthstar Advisors LLC bought a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 35,470 shares of the pipeline company’s stock, valued at approximately $606,000.

Several other institutional investors also recently bought and sold shares of PAA. Eclectic Associates Inc. ADV boosted its position in Plains All American Pipeline by 7.6% during the fourth quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company’s stock worth $207,000 after purchasing an additional 854 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Plains All American Pipeline by 5.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company’s stock worth $315,000 after buying an additional 887 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Plains All American Pipeline by 0.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 263,645 shares of the pipeline company’s stock valued at $4,580,000 after buying an additional 1,047 shares during the last quarter. Wealth Alliance Advisory Group LLC raised its holdings in Plains All American Pipeline by 1.3% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 90,350 shares of the pipeline company’s stock worth $1,543,000 after acquiring an additional 1,197 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in Plains All American Pipeline by 5.8% during the 4th quarter. Arkadios Wealth Advisors now owns 25,089 shares of the pipeline company’s stock worth $429,000 after acquiring an additional 1,376 shares during the last quarter. 41.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Bank of America began coverage on Plains All American Pipeline in a research report on Thursday, October 17th. They set a “neutral” rating and a $18.00 price objective for the company. Scotiabank reissued a “sector outperform” rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 10th. Barclays raised their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Raymond James upped their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $19.00 price target on shares of Plains All American Pipeline in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Plains All American Pipeline presently has an average rating of “Hold” and an average price target of $20.21.

Plains All American Pipeline Price Performance

Plains All American Pipeline stock opened at $19.40 on Monday. The business has a 50 day simple moving average of $18.62 and a 200 day simple moving average of $17.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market capitalization of $13.65 billion, a PE ratio of 17.32 and a beta of 1.65. Plains All American Pipeline, L.P. has a one year low of $15.02 and a one year high of $21.00.

Plains All American Pipeline (NYSE:PAA) last issued its earnings results on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $12.74 billion for the quarter, compared to the consensus estimate of $13.09 billion. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. On average, sell-side analysts forecast that Plains All American Pipeline, L.P. will post 1.56 EPS for the current fiscal year.

Plains All American Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 7.84%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is currently 135.71%.

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.