Stratos Wealth Partners LTD. Boosts Stake in Plains All American Pipeline, L.P. $PAA

Stratos Wealth Partners LTD. raised its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,352 shares of the pipeline company’s stock after acquiring an additional 3,069 shares during the period. Stratos Wealth Partners LTD.’s holdings in Plains All American Pipeline were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PAA. Farther Finance Advisors LLC grew its position in Plains All American Pipeline by 107.0% during the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 657 shares during the period. Wealth Enhancement Advisory Services LLC grew its position 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 valued at $1,521,000 after acquiring an additional 28,916 shares during the period. Cambridge Investment Research Advisors Inc. grew its position 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 valued at $879,000 after acquiring an additional 10,412 shares during the period. Oppenheimer Asset Management Inc. grew its position in 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 acquiring an additional 2,891 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Plains All American Pipeline in the first quarter worth about $218,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Up 1.9%

NYSE:PAA opened at $16.82 on Friday. 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 $11.83 billion, a price-to-earnings ratio of 23.04 and a beta of 0.72. Plains All American Pipeline, L.P. has a one year low of $15.57 and a one year high of $21.00. The stock has a 50-day simple moving average of $17.09 and a 200 day simple moving average of $17.48.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Friday, August 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.During the same quarter in the previous year, the company earned $0.31 EPS. Plains All American Pipeline’s revenue was down 16.6% on a year-over-year basis. Sell-side analysts predict that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Friday, October 31st. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 172.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PAA shares. Morgan Stanley lowered their target price on Plains All American Pipeline from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 26th. Wolfe Research reiterated a “peer perform” rating on shares of Plains All American Pipeline in a report on Friday, July 25th. Citigroup set a $18.00 price objective on shares of Plains All American Pipeline and gave the company a “neutral” rating in a research report on Friday, August 8th. Zacks Research raised shares of Plains All American Pipeline to a “hold” rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. reduced their price target on Plains All American Pipeline from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.73.

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.