Wealth Alliance Advisory Group LLC Has $1.90 Million Stock Holdings in Plains All American Pipeline, L.P. $PAA

Wealth Alliance Advisory Group LLC boosted its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 11.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 103,661 shares of the pipeline company’s stock after acquiring an additional 10,439 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Plains All American Pipeline were worth $1,899,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Plains All American Pipeline by 31.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 43,970 shares of the pipeline company’s stock worth $879,000 after buying an additional 10,412 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Plains All American Pipeline by 5.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 56,334 shares of the pipeline company’s stock valued at $1,127,000 after purchasing an additional 2,891 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Plains All American Pipeline by 32.1% during the first quarter. Stratos Wealth Partners LTD. now owns 28,283 shares of the pipeline company’s stock valued at $566,000 after purchasing an additional 6,874 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Plains All American Pipeline during the first quarter worth about $218,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Plains All American Pipeline by 61.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,070 shares of the pipeline company’s stock worth $1,521,000 after purchasing an additional 28,916 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

PAA opened at $17.46 on Friday. The firm has a market cap of $12.28 billion, a P/E ratio of 23.92 and a beta of 0.80. The firm has a 50-day moving average of $18.01 and a 200 day moving average of $18.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. 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) last posted its quarterly earnings results on Friday, August 8th. The pipeline company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. On average, research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Thursday, July 31st. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 172.73%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $20.00 price target on shares of Plains All American Pipeline in a report on Friday, August 8th. Scotiabank restated an “outperform” rating on shares of Plains All American Pipeline in a report on Monday, September 8th. Citigroup set a $18.00 price target on shares of Plains All American Pipeline and gave the stock a “neutral” rating in a report on Friday, August 8th. Wolfe Research restated a “peer perform” rating on shares of Plains All American Pipeline in a report on Friday, July 25th. Finally, UBS Group set a $25.00 price target on shares of Plains All American Pipeline and gave the stock a “buy” rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.58.

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.