Commonwealth Equity Services LLC Buys 2,759 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Commonwealth Equity Services LLC boosted its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,301 shares of the pipeline company’s stock after purchasing an additional 2,759 shares during the period. Commonwealth Equity Services LLC’s holdings in Plains All American Pipeline were worth $2,291,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC grew its stake in shares of Plains All American Pipeline by 78.5% in the second quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock valued at $30,000 after buying an additional 730 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its position in shares of Plains All American Pipeline by 1.4% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 87,927 shares of the pipeline company’s stock valued at $1,570,000 after acquiring an additional 1,198 shares during the period. HB Wealth Management LLC increased its stake in shares of Plains All American Pipeline by 9.8% during the 2nd quarter. HB Wealth Management LLC now owns 14,599 shares of the pipeline company’s stock worth $261,000 after purchasing an additional 1,308 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Plains All American Pipeline by 31.5% in the 2nd quarter. Mather Group LLC. now owns 5,676 shares of the pipeline company’s stock valued at $100,000 after purchasing an additional 1,361 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in Plains All American Pipeline in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Analyst Ratings Changes

PAA has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Morgan Stanley raised their price target on Plains All American Pipeline from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.64.

Plains All American Pipeline Stock Up 0.9 %

NYSE PAA opened at $17.41 on Friday. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 15.01 and a beta of 1.60. Plains All American Pipeline, L.P. has a 1-year low of $14.25 and a 1-year high of $19.17. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $17.91 and a 200-day moving average of $17.54.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $12.93 billion for the quarter, compared to analyst estimates of $12.32 billion. Plains All American Pipeline had a return on equity of 11.52% and a net margin of 2.07%. Plains All American Pipeline’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, equities research analysts expect that Plains All American Pipeline, L.P. will post 1.3 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.3175 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.29%. Plains All American Pipeline’s dividend payout ratio (DPR) is 109.48%.

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.