Envestnet Asset Management Inc. Has $4.90 Million Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Envestnet Asset Management Inc. trimmed its holdings in Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 287,059 shares of the pipeline company's stock after selling 38,897 shares during the period. Envestnet Asset Management Inc.'s holdings in Plains All American Pipeline were worth $4,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PAA. Wedbush Securities Inc. raised its holdings in shares of Plains All American Pipeline by 33.8% during the fourth quarter. Wedbush Securities Inc. now owns 31,945 shares of the pipeline company's stock worth $546,000 after acquiring an additional 8,071 shares during the period. World Investment Advisors increased its holdings in Plains All American Pipeline by 4.2% during the 4th quarter. World Investment Advisors now owns 21,100 shares of the pipeline company's stock worth $360,000 after purchasing an additional 850 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Plains All American Pipeline in the 4th quarter valued at about $27,000. Summit Financial LLC acquired a new stake in shares of Plains All American Pipeline in the 4th quarter valued at about $977,000. Finally, Prevail Innovative Wealth Advisors LLC lifted its holdings in shares of Plains All American Pipeline by 10.0% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 94,107 shares of the pipeline company's stock valued at $1,607,000 after purchasing an additional 8,536 shares in the last quarter. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Price Performance

Shares of NYSE PAA opened at $17.75 on Wednesday. Plains All American Pipeline, L.P. has a twelve month low of $15.58 and a twelve month high of $21.00. The company has a market cap of $12.49 billion, a PE ratio of 24.32 and a beta of 1.17. The business's 50 day moving average price is $19.07 and its two-hundred day moving average price is $18.44. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PAA. Morgan Stanley raised their price target on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 25th. Barclays decreased their target price on shares of Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Raymond James boosted their price target on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Wolfe Research upgraded Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Friday, January 10th. Finally, Scotiabank lowered their target price on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Plains All American Pipeline currently has a consensus rating of "Hold" and a consensus target price of $20.36.

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.

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