Secure Asset Management LLC Purchases 6,395 Shares of Plains All American Pipeline, L.P. $PAA

Secure Asset Management LLC raised its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 40.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,168 shares of the pipeline company’s stock after purchasing an additional 6,395 shares during the period. Secure Asset Management LLC’s holdings in Plains All American Pipeline were worth $406,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in Plains All American Pipeline by 31.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 43,970 shares of the pipeline company’s stock valued at $879,000 after purchasing an additional 10,412 shares in the last quarter. Oppenheimer Asset Management Inc. increased 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 worth $1,127,000 after acquiring an additional 2,891 shares in the last quarter. Stratos Wealth Partners LTD. increased 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 worth $566,000 after acquiring an additional 6,874 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Plains All American Pipeline during the first quarter worth $218,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of 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 acquiring an additional 28,916 shares in the last quarter. Institutional investors own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PAA shares. Barclays reissued an “underweight” rating on shares of Plains All American Pipeline in a research report on Friday, August 8th. Wolfe Research reissued a “peer perform” rating on shares of Plains All American Pipeline in a research report on Friday, July 25th. Mizuho set a $22.00 price objective on shares of Plains All American Pipeline and gave the stock an “outperform” rating in a research report on Wednesday, June 18th. Zacks Research upgraded shares of Plains All American Pipeline to a “hold” rating in a report on Monday, August 11th. Finally, Citigroup set a $18.00 target price on shares of Plains All American Pipeline and gave the stock a “neutral” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Plains All American Pipeline presently has an average rating of “Hold” and a consensus price target of $20.58.

Plains All American Pipeline Stock Performance

Shares of PAA stock opened at $17.41 on Friday. The company has a fifty day moving average price of $17.92 and a two-hundred day moving average price of $17.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The stock has a market cap of $12.24 billion, a P/E ratio of 23.85 and a beta of 0.80. Plains All American Pipeline, L.P. has a one year low of $15.57 and a one year high of $21.00.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Friday, August 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, August 14th. Investors 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 of this dividend was Thursday, July 31st. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 172.73%.

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.