Hodges Capital Management Inc. raised its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 16,950 shares of the pipeline company’s stock after buying an additional 701 shares during the period. Hodges Capital Management Inc.’s holdings in Plains All American Pipeline, L.P. were worth $445,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Comerica Bank increased its stake in Plains All American Pipeline, L.P. by 0.7% in the first quarter. Comerica Bank now owns 8,130 shares of the pipeline company’s stock valued at $239,000 after buying an additional 57 shares in the last quarter. Arcus Capital Partners LLC increased its stake in Plains All American Pipeline, L.P. by 1.2% in the first quarter. Arcus Capital Partners LLC now owns 6,598 shares of the pipeline company’s stock valued at $209,000 after buying an additional 78 shares in the last quarter. Syntal Capital Partners LLC increased its stake in Plains All American Pipeline, L.P. by 1.1% in the first quarter. Syntal Capital Partners LLC now owns 9,132 shares of the pipeline company’s stock valued at $288,000 after buying an additional 100 shares in the last quarter. Cedar Wealth Management LLC increased its stake in Plains All American Pipeline, L.P. by 1.9% in the first quarter. Cedar Wealth Management LLC now owns 9,060 shares of the pipeline company’s stock valued at $286,000 after buying an additional 170 shares in the last quarter. Finally, Endurance Wealth Management Inc. increased its stake in Plains All American Pipeline, L.P. by 0.3% in the first quarter. Endurance Wealth Management Inc. now owns 67,320 shares of the pipeline company’s stock valued at $2,128,000 after buying an additional 175 shares in the last quarter. Institutional investors own 44.01% of the company’s stock.

Plains All American Pipeline, L.P. (NYSE PAA) opened at 21.01 on Thursday. Plains All American Pipeline, L.P. has a 52-week low of $20.00 and a 52-week high of $33.95. The company’s 50-day moving average price is $25.66 and its 200-day moving average price is $28.70. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 19.53 and a beta of 0.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by $0.05. The firm had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.46%. The company’s revenue was up 22.8% on a year-over-year basis. During the same period last year, the company earned ($0.12) EPS. Analysts predict that Plains All American Pipeline, L.P. will post $1.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.20 annualized dividend and a yield of 10.47%. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is 165.41%.

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Several equities research analysts have issued reports on the company. Guggenheim assumed coverage on Plains All American Pipeline, L.P. in a report on Monday, April 17th. They set a “neutral” rating and a $28.00 price objective on the stock. UBS AG upgraded Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Deutsche Bank AG dropped their price objective on Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, May 30th. Barclays PLC upgraded Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Tuesday, July 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $30.00 price objective on shares of Plains All American Pipeline, L.P. in a report on Wednesday, July 19th. Sixteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Plains All American Pipeline, L.P. currently has an average rating of “Hold” and an average target price of $30.45.

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.

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

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