Wealth Enhancement Advisory Services LLC Sells 1,067 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Wealth Enhancement Advisory Services LLC lessened its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,300 shares of the pipeline company’s stock after selling 1,067 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Plains All American Pipeline were worth $544,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PAA. Norden Group LLC acquired a new stake in shares of Plains All American Pipeline during the first quarter worth $338,000. SG Americas Securities LLC acquired a new stake in Plains All American Pipeline in the 1st quarter worth about $201,000. Susquehanna Fundamental Investments LLC bought a new stake in Plains All American Pipeline in the 1st quarter valued at about $4,420,000. Sei Investments Co. acquired a new position in shares of Plains All American Pipeline during the 1st quarter worth approximately $2,608,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Plains All American Pipeline during the 1st quarter worth approximately $26,000. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Down 2.8 %

Shares of PAA opened at $17.28 on Friday. The stock’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $17.56. Plains All American Pipeline, L.P. has a 12 month low of $14.46 and a 12 month high of $19.17. The company has a market capitalization of $12.11 billion, a PE ratio of 15.71 and a beta of 1.61. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Thursday, October 31st. Plains All American Pipeline’s dividend payout ratio is presently 115.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PAA shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $19.00 price target on shares of Plains All American Pipeline in a research report on Wednesday, September 4th. Bank of America assumed coverage on Plains All American Pipeline in a research report on Thursday, October 17th. They set a “neutral” rating and a $18.00 target price for the company. Finally, Morgan Stanley lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $22.00 to $19.00 in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.82.

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.