Teacher Retirement System of Texas held its stake in shares of Plains All American Pipeline L.P. (NYSE:PAA) during the second quarter, Holdings Channel reports. The firm owned 162,832 shares of the company’s stock at the end of the second quarter. Teacher Retirement System of Texas’ holdings in Plains All American Pipeline L.P. were worth $4,476,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ING Groep NV raised its stake in shares of Plains All American Pipeline L.P. by 151.0% in the first quarter. ING Groep NV now owns 6,804,128 shares of the company’s stock valued at $142,410,000 after buying an additional 4,093,128 shares during the period. Energy Income Partners LLC raised its stake in shares of Plains All American Pipeline L.P. by 15.4% in the first quarter. Energy Income Partners LLC now owns 8,125,589 shares of the company’s stock valued at $170,393,000 after buying an additional 1,086,090 shares during the period. Bessemer Group Inc. raised its stake in shares of Plains All American Pipeline L.P. by 62,110.3% in the first quarter. Bessemer Group Inc. now owns 1,045,133 shares of the company’s stock valued at $21,916,000 after buying an additional 1,043,453 shares during the period. Chickasaw Capital Management LLC raised its stake in shares of Plains All American Pipeline L.P. by 20.1% in the second quarter. Chickasaw Capital Management LLC now owns 5,997,981 shares of the company’s stock valued at $164,884,000 after buying an additional 1,005,529 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Plains All American Pipeline L.P. by 753.9% in the second quarter. First Eagle Investment Management LLC now owns 853,945 shares of the company’s stock valued at $23,475,000 after buying an additional 753,945 shares during the period. 66.00% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline L.P. (NYSE:PAA) traded up 0.84% during mid-day trading on Monday, reaching $27.72. The company’s stock had a trading volume of 851,514 shares. Plains All American Pipeline L.P. has a 52 week low of $14.82 and a 52 week high of $34.98. The firm has a market capitalization of $11.03 billion, a P/E ratio of 79.43 and a beta of 0.89. The firm’s 50 day moving average price is $28.47 and its 200 day moving average price is $25.50.

Plains All American Pipeline L.P. (NYSE:PAA) last released its earnings results on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Plains All American Pipeline L.P. had a return on equity of 10.88% and a net margin of 3.30%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter last year, the business posted $0.27 EPS. Plains All American Pipeline L.P.’s quarterly revenue was down 25.7% compared to the same quarter last year. On average, analysts anticipate that Plains All American Pipeline L.P. will post $1.04 EPS for the current fiscal year.

PAA has been the topic of several research analyst reports. Citigroup Inc. reissued a “buy” rating and set a $33.50 target price (up previously from $30.50) on shares of Plains All American Pipeline L.P. in a research report on Tuesday, August 16th. Goldman Sachs Group Inc. raised Plains All American Pipeline L.P. from a “sell” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $26.00 in a research report on Wednesday, August 3rd. Wunderlich raised their target price on Plains All American Pipeline L.P. from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Zacks Investment Research lowered Plains All American Pipeline L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $29.00 price target (up previously from $22.00) on shares of Plains All American Pipeline L.P. in a research report on Wednesday, August 17th. Twenty-six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Plains All American Pipeline L.P. currently has a consensus rating of “Hold” and a consensus price target of $27.96.

In other news, EVP John Vonberg sold 35,410 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $29.95, for a total transaction of $1,060,529.50. Following the sale, the executive vice president now directly owns 122,359 shares in the company, valued at approximately $3,664,652.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO W David Duckett sold 17,333 shares of the 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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