Plains All American Pipeline, L.P. (PAA) Shares Bought by Cetera Advisors LLC

Cetera Advisors LLC grew its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 20.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,071 shares of the pipeline company’s stock after purchasing an additional 5,539 shares during the period. Cetera Advisors LLC’s holdings in Plains All American Pipeline were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PAA. Lau Associates LLC lifted its position in shares of Plains All American Pipeline by 1.6% during the 4th quarter. Lau Associates LLC now owns 37,165 shares of the pipeline company’s stock valued at $745,000 after buying an additional 569 shares in the last quarter. Avestar Capital LLC lifted its position in shares of Plains All American Pipeline by 15.2% during the 4th quarter. Avestar Capital LLC now owns 5,489 shares of the pipeline company’s stock valued at $108,000 after buying an additional 725 shares in the last quarter. Narwhal Capital Management lifted its position in shares of Plains All American Pipeline by 4.5% during the 4th quarter. Narwhal Capital Management now owns 23,075 shares of the pipeline company’s stock valued at $462,000 after buying an additional 1,000 shares in the last quarter. Wealthstreet Investment Advisors LLC lifted its position in shares of Plains All American Pipeline by 5.1% during the 4th quarter. Wealthstreet Investment Advisors LLC now owns 20,471 shares of the pipeline company’s stock valued at $464,000 after buying an additional 1,000 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Plains All American Pipeline by 22.2% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,890 shares of the pipeline company’s stock valued at $118,000 after buying an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 47.67% of the company’s stock.

Shares of NYSE:PAA traded down $0.19 during midday trading on Friday, reaching $23.99. 1,076,496 shares of the company’s stock were exchanged, compared to its average volume of 1,428,893. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 12.76 and a beta of 1.09. Plains All American Pipeline, L.P. has a fifty-two week low of $19.33 and a fifty-two week high of $27.70.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Tuesday, February 5th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $9.92 billion. Plains All American Pipeline had a return on equity of 18.87% and a net margin of 6.50%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. As a group, equities research analysts predict that Plains All American Pipeline, L.P. will post 1.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.00%. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 63.83%.

A number of research analysts have recently issued reports on the company. Tudor Pickering upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating in a research report on Wednesday, February 6th. Evercore ISI assumed coverage on Plains All American Pipeline in a research note on Tuesday, February 5th. They issued a $24.00 price objective for the company. ValuEngine raised Plains All American Pipeline from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Goldman Sachs Group raised Plains All American Pipeline from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $28.29.

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About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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