Green Square Capital LLC decreased its position in Plains All American Pipeline L.P. (NYSE:PAA) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 313,574 shares of the company’s stock after selling 18,802 shares during the period. Plains All American Pipeline L.P. comprises about 2.1% of Green Square Capital LLC’s investment portfolio, making the stock its 9th largest position. Green Square Capital LLC’s holdings in Plains All American Pipeline L.P. were worth $8,620,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PAA. Financial Architects Inc boosted its stake in shares of Plains All American Pipeline L.P. by 88.2% in the second quarter. Financial Architects Inc now owns 4,117 shares of the company’s stock worth $113,000 after buying an additional 1,930 shares during the period. Barnett & Company Inc. bought a new stake in shares of Plains All American Pipeline L.P. during the first quarter worth approximately $142,000. NEXT Financial Group Inc boosted its stake in shares of Plains All American Pipeline L.P. by 24.1% in the second quarter. NEXT Financial Group Inc now owns 5,924 shares of the company’s stock worth $162,000 after buying an additional 1,150 shares during the period. Joel Isaacson & Co. LLC boosted its stake in shares of Plains All American Pipeline L.P. by 99.5% in the second quarter. Joel Isaacson & Co. LLC now owns 7,500 shares of the company’s stock worth $206,000 after buying an additional 3,740 shares during the period. Finally, Grassi Investment Management bought a new stake in shares of Plains All American Pipeline L.P. during the second quarter worth approximately $209,000. 66.00% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline L.P. (NYSE:PAA) traded up 3.65% during trading on Wednesday, hitting $28.65. The stock had a trading volume of 1,854,689 shares. The firm has a market capitalization of $11.40 billion, a PE ratio of 82.09 and a beta of 0.89. The firm has a 50 day moving average price of $28.46 and a 200-day moving average price of $25.71. Plains All American Pipeline L.P. has a 1-year low of $14.82 and a 1-year high of $34.98.

Plains All American Pipeline L.P. (NYSE:PAA) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business earned $4.95 billion during the quarter, compared to the consensus estimate of $5.24 billion. Plains All American Pipeline L.P. had a return on equity of 10.88% and a net margin of 3.30%. The company’s quarterly revenue was down 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, equities research analysts expect that Plains All American Pipeline L.P. will post $1.03 EPS for the current year.

A number of research analysts have issued reports on the company. Howard Weil assumed coverage on Plains All American Pipeline L.P. in a research note on Thursday, August 25th. They issued a “sector perform” rating for the company. Robert W. Baird raised Plains All American Pipeline L.P. from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $14.00 to $30.00 in a research note on Wednesday, July 13th. Zacks Investment Research cut Plains All American Pipeline L.P. from a “hold” rating to a “sell” rating in a research note on Monday, May 30th. Goldman Sachs Group Inc. raised Plains All American Pipeline L.P. from a “sell” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $26.00 in a research note on Wednesday, August 3rd. Finally, Wunderlich reissued a “hold” rating and issued a $28.00 target price (up from $25.00) on shares of Plains All American Pipeline L.P. in a research note on Friday, July 15th. Twenty-six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.96.

In other news, EVP John Vonberg sold 35,410 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $29.95, for a total value of $1,060,529.50. Following the transaction, the executive vice president now owns 122,359 shares in the company, valued at approximately $3,664,652.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO W David Duckett sold 17,333 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $29.76, for a total value of $515,830.08. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

About Plains All American Pipeline L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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