Clifford Swan Investment Counsel LLC increased its stake in Plains All American Pipeline (NYSE:PAA) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,252 shares of the pipeline company’s stock after buying an additional 6,109 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Plains All American Pipeline were worth $1,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. FTB Advisors Inc. increased its stake in Plains All American Pipeline by 97.8% in the first quarter. FTB Advisors Inc. now owns 5,695 shares of the pipeline company’s stock worth $125,000 after purchasing an additional 2,816 shares during the period. Gould Asset Management LLC CA increased its stake in Plains All American Pipeline by 19.8% in the fourth quarter. Gould Asset Management LLC CA now owns 17,060 shares of the pipeline company’s stock worth $352,000 after purchasing an additional 2,820 shares during the period. Comerica Bank increased its stake in Plains All American Pipeline by 28.6% in the first quarter. Comerica Bank now owns 13,200 shares of the pipeline company’s stock worth $321,000 after purchasing an additional 2,933 shares during the period. King Luther Capital Management Corp increased its stake in Plains All American Pipeline by 23.5% in the fourth quarter. King Luther Capital Management Corp now owns 16,550 shares of the pipeline company’s stock worth $342,000 after purchasing an additional 3,150 shares during the period. Finally, GenTrust LLC increased its stake in Plains All American Pipeline by 31.8% in the first quarter. GenTrust LLC now owns 13,968 shares of the pipeline company’s stock worth $308,000 after purchasing an additional 3,368 shares during the period. Institutional investors own 43.76% of the company’s stock.

Plains All American Pipeline opened at $24.83 on Friday, according to MarketBeat.com. Plains All American Pipeline has a 1 year low of $24.26 and a 1 year high of $24.52. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.73 and a current ratio of 0.86. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.27 and a beta of 0.72.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, May 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Plains All American Pipeline had a return on equity of 11.09% and a net margin of 2.50%. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. sell-side analysts predict that Plains All American Pipeline will post 1.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were paid a $0.30 dividend. The ex-dividend date was Monday, April 30th. This represents a $1.20 annualized dividend and a yield of 4.83%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 127.66%.

A number of analysts have weighed in on PAA shares. Stifel Nicolaus reiterated a “hold” rating and issued a $24.00 target price (up previously from $22.00) on shares of Plains All American Pipeline in a research note on Thursday, February 8th. Seaport Global Securities upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $25.00 in a research note on Thursday, February 8th. Robert W. Baird set a $22.00 price target on Plains All American Pipeline and gave the company a “hold” rating in a research note on Wednesday, February 7th. Bank of America cut their price target on Plains All American Pipeline from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Finally, Morgan Stanley upgraded Plains All American Pipeline from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Plains All American Pipeline has a consensus rating of “Hold” and a consensus target price of $25.88.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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