B. Riley Wealth Advisors Inc. Has $389,000 Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

B. Riley Wealth Advisors Inc. cut its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 78.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 22,420 shares of the pipeline company's stock after selling 79,996 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Plains All American Pipeline were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Citigroup Inc. increased its position in shares of Plains All American Pipeline by 48.9% during the third quarter. Citigroup Inc. now owns 3,428,897 shares of the pipeline company's stock worth $59,560,000 after acquiring an additional 1,125,386 shares during the last quarter. Acadian Asset Management LLC grew its stake in Plains All American Pipeline by 114.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,908,416 shares of the pipeline company's stock valued at $34,081,000 after purchasing an additional 1,020,277 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Plains All American Pipeline during the 3rd quarter worth approximately $11,634,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in shares of Plains All American Pipeline by 241.0% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 449,827 shares of the pipeline company's stock valued at $7,813,000 after purchasing an additional 317,927 shares in the last quarter. Finally, ING Groep NV grew its position in shares of Plains All American Pipeline by 29.1% during the third quarter. ING Groep NV now owns 1,321,937 shares of the pipeline company's stock worth $22,962,000 after buying an additional 297,937 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Price Performance

NYSE PAA opened at $16.94 on Friday. Plains All American Pipeline, L.P. has a 1 year low of $15.02 and a 1 year high of $19.17. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.92 billion, a PE ratio of 15.13 and a beta of 1.64. The stock's 50-day moving average price is $17.44 and its two-hundred day moving average price is $17.62.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $13.09 billion. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, analysts predict that Plains All American Pipeline, L.P. will post 1.24 EPS for the current year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a $0.3175 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a yield of 7.50%. Plains All American Pipeline's dividend payout ratio (DPR) is currently 113.39%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 15th. Bank of America began coverage on Plains All American Pipeline in a report on Thursday, October 17th. They set a "neutral" rating and a $18.00 price target on the stock. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $22.00 to $20.00 in a report on Wednesday. Finally, Morgan Stanley cut shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $22.00 to $19.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.82.

About Plains All American Pipeline

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.