Secure Asset Management LLC Makes New $249,000 Investment in Plains All American Pipeline, L.P. (NYSE:PAA)

Secure Asset Management LLC purchased a new stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,568 shares of the pipeline company's stock, valued at approximately $249,000.

Several other large investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline in the 3rd quarter valued at $27,000. Future Financial Wealth Managment LLC bought a new stake in shares of Plains All American Pipeline in the third quarter worth about $28,000. Sunbelt Securities Inc. lifted its position in shares of Plains All American Pipeline by 53.2% in the second quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company's stock worth $68,000 after buying an additional 1,318 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Plains All American Pipeline by 16.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company's stock worth $109,000 after buying an additional 856 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in Plains All American Pipeline by 100.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,000 shares of the pipeline company's stock valued at $139,000 after buying an additional 4,000 shares in the last quarter. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PAA. Scotiabank reaffirmed a "sector outperform" rating and set a $23.00 price objective on shares of Plains All American Pipeline in a report on Friday, January 10th. Barclays increased their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th. Morgan Stanley lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $22.00 to $19.00 in a research note on Friday, October 25th. Wolfe Research raised Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $19.00 price target on shares of Plains All American Pipeline in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.92.

Plains All American Pipeline Stock Down 0.9 %

Shares of PAA traded down $0.18 during midday trading on Friday, reaching $20.39. 2,626,278 shares of the stock were exchanged, compared to its average volume of 3,521,319. 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's 50 day moving average is $18.15 and its two-hundred day moving average is $17.80. The company has a market capitalization of $14.35 billion, a P/E ratio of 18.21 and a beta of 1.64. Plains All American Pipeline, L.P. has a 52 week low of $15.02 and a 52 week high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The business had revenue of $12.74 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Plains All American Pipeline, L.P. will post 1.17 earnings per share for the current year.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.38 per share. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Friday, January 31st. Plains All American Pipeline's dividend payout ratio is 113.39%.

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.