Wealth Enhancement Advisory Services LLC Has $2.09 Million Holdings in Plains All American Pipeline, L.P. $PAA

Wealth Enhancement Advisory Services LLC lifted its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 75.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 125,525 shares of the pipeline company’s stock after buying an additional 54,171 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Plains All American Pipeline were worth $2,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exencial Wealth Advisors LLC boosted its holdings in Plains All American Pipeline by 1.5% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 40,909 shares of the pipeline company’s stock valued at $698,000 after purchasing an additional 601 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Plains All American Pipeline by 0.8% in the second quarter. Apollon Wealth Management LLC now owns 80,515 shares of the pipeline company’s stock valued at $1,475,000 after buying an additional 628 shares during the period. HB Wealth Management LLC lifted its stake in shares of Plains All American Pipeline by 5.2% in the second quarter. HB Wealth Management LLC now owns 15,247 shares of the pipeline company’s stock valued at $279,000 after buying an additional 748 shares during the period. Blue Trust Inc. grew its position in Plains All American Pipeline by 76.1% during the second quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock worth $32,000 after buying an additional 761 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in Plains All American Pipeline by 6.9% during the second quarter. AE Wealth Management LLC now owns 13,219 shares of the pipeline company’s stock valued at $242,000 after acquiring an additional 858 shares during the period. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Down 0.2%

PAA opened at $19.69 on Friday. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 26.97 and a beta of 0.59. 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 firm’s 50-day simple moving average is $18.14 and its 200-day simple moving average is $17.61. Plains All American Pipeline, L.P. has a twelve month low of $15.57 and a twelve month high of $20.96.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. Equities research analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $0.4175 per share. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, January 30th. This represents a $1.67 dividend on an annualized basis and a yield of 8.5%. Plains All American Pipeline’s dividend payout ratio is currently 138.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PAA shares. Bank of America lowered Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 price objective on the stock. in a report on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Plains All American Pipeline in a research report on Friday, January 16th. Raymond James Financial reiterated a “strong-buy” rating and set a $22.00 price target (down previously from $24.00) on shares of Plains All American Pipeline in a research note on Friday, October 24th. Morgan Stanley boosted their price target on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Finally, Barclays reduced their price objective on shares of Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.40.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.