Ladenburg Thalmann Financial Services Inc. lessened its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 28.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,259 shares of the pipeline company’s stock after selling 23,957 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Plains All American Pipeline were worth $1,256,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PAA. IHT Wealth Management LLC bought a new position in shares of Plains All American Pipeline during the second quarter valued at $118,000. BB&T Investment Services Inc. bought a new position in shares of Plains All American Pipeline during the second quarter valued at $108,000. Advisory Services Network LLC lifted its holdings in shares of Plains All American Pipeline by 5.1% during the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after acquiring an additional 223 shares during the period. Pathstone Family Office LLC bought a new position in shares of Plains All American Pipeline during the second quarter valued at $127,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Plains All American Pipeline by 14.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,462 shares of the pipeline company’s stock valued at $170,000 after acquiring an additional 806 shares during the period. Institutional investors own 43.41% of the company’s stock.

A number of research analysts have issued reports on the company. BMO Capital Markets set a $25.00 price objective on Plains All American Pipeline and gave the company a “buy” rating in a report on Tuesday, October 17th. BidaskClub cut Plains All American Pipeline from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $23.00 price target on shares of Plains All American Pipeline in a report on Monday, October 16th. Robert W. Baird set a $20.00 price target on Plains All American Pipeline and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, Stifel Nicolaus set a $21.00 price target on Plains All American Pipeline and gave the company a “hold” rating in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Plains All American Pipeline has an average rating of “Hold” and an average target price of $26.63.

In related news, VP Chris Herbold sold 10,171 shares of Plains All American Pipeline stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $20.25, for a total value of $205,962.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Shares of Plains All American Pipeline, L.P. (PAA) opened at $20.58 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $15,163.70, a PE ratio of 25.19 and a beta of 1.00. Plains All American Pipeline, L.P. has a 12-month low of $18.38 and a 12-month high of $33.75.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $6.24 billion. Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. Plains All American Pipeline’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. analysts anticipate that Plains All American Pipeline, L.P. will post 1.14 EPS for the current year.

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Plains All American Pipeline 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 (NYSE:PAA)

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