Rothschild Investment Corp IL increased its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 96,925 shares of the pipeline company’s stock after buying an additional 1,650 shares during the period. Rothschild Investment Corp IL’s holdings in Plains All American Pipeline, L.P. were worth $3,064,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC boosted its stake in shares of Plains All American Pipeline, L.P. by 2.0% in the third quarter. MCF Advisors LLC now owns 3,789 shares of the pipeline company’s stock worth $119,000 after buying an additional 75 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Plains All American Pipeline, L.P. during the fourth quarter worth approximately $150,000. LGL Partners LLC bought a new stake in shares of Plains All American Pipeline, L.P. during the fourth quarter worth approximately $199,000. Americafirst Capital Management LLC bought a new stake in shares of Plains All American Pipeline, L.P. during the first quarter worth approximately $199,000. Finally, Arcus Capital Partners LLC bought a new stake in shares of Plains All American Pipeline, L.P. during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 68.61% of the company’s stock.

Institutional Ownership by Quarter for Plains All American Pipeline, L.P. (NYSE:PAA)

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded up 0.10% during trading on Thursday, reaching $30.38. The company had a trading volume of 1,739,031 shares. The stock’s 50-day moving average price is $31.41 and its 200-day moving average price is $31.55. The company has a market capitalization of $20.51 billion, a PE ratio of 70.65 and a beta of 0.87. Plains All American Pipeline, L.P. has a 52 week low of $20.53 and a 52 week high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its earnings results on Tuesday, February 7th. The pipeline company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.10. The company had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6.42 billion. Plains All American Pipeline, L.P. had a return on equity of 11.52% and a net margin of 3.60%. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts expect that Plains All American Pipeline, L.P. will post $1.60 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 7.24%. The ex-dividend date of this dividend is Thursday, April 27th. Plains All American Pipeline, L.P.’s dividend payout ratio is currently 536.59%.

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A number of brokerages have commented on PAA. Mizuho began coverage on Plains All American Pipeline, L.P. in a research report on Monday, January 30th. They issued a “neutral” rating and a $34.00 price target for the company. FBR & Co set a $30.00 price target on Plains All American Pipeline, L.P. and gave the stock a “hold” rating in a research report on Thursday, February 16th. Royal Bank of Canada restated a “hold” rating and issued a $29.00 price target on shares of Plains All American Pipeline, L.P. in a research report on Friday, January 6th. Guggenheim began coverage on Plains All American Pipeline, L.P. in a research report on Monday. They issued a “neutral” rating and a $28.00 price target for the company. Finally, Robert W. Baird upgraded Plains All American Pipeline, L.P. from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $32.00 to $37.00 in a research report on Tuesday, January 31st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.66.

Plains All American Pipeline, L.P. Company Profile

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. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

5 Day Chart for NYSE:PAA

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