Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,548,160 shares of the pipeline company’s stock after selling 324,510 shares during the quarter. Plains All American Pipeline accounts for 1.1% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 12th largest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.49% of Plains All American Pipeline worth $75,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC lifted its stake in Plains All American Pipeline by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after buying an additional 223 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of Plains All American Pipeline by 18.4% during the second quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after acquiring an additional 30,403 shares in the last quarter. Commonwealth Bank of Australia bought a new stake in shares of Plains All American Pipeline during the second quarter valued at approximately $33,266,000. Global Endowment Management LP increased its holdings in shares of Plains All American Pipeline by 40.7% during the second quarter. Global Endowment Management LP now owns 82,300 shares of the pipeline company’s stock valued at $2,162,000 after acquiring an additional 23,800 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Plains All American Pipeline by 5.9% during the second quarter. Alliancebernstein L.P. now owns 97,046 shares of the pipeline company’s stock valued at $2,549,000 after acquiring an additional 5,425 shares in the last quarter. 39.68% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the company. SunTrust Banks, Inc. restated a “hold” rating and set a $24.00 price objective on shares of Plains All American Pipeline in a report on Friday, November 10th. Robert W. Baird restated a “hold” rating and set a $21.00 price objective on shares of Plains All American Pipeline in a report on Friday, November 10th. Stifel Nicolaus boosted their price objective on Plains All American Pipeline from $21.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded Plains All American Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, 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. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Plains All American Pipeline presently has an average rating of “Hold” and a consensus target price of $27.52.

Shares of Plains All American Pipeline, L.P. (NYSE PAA) traded down $0.65 during trading on Monday, reaching $18.92. The company had a trading volume of 4,712,300 shares, compared to its average volume of 2,702,733. Plains All American Pipeline, L.P. has a 1-year low of $18.60 and a 1-year high of $33.95. The company has a market capitalization of $13,720.00, a P/E ratio of 22.80 and a beta of 1.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were paid a $0.30 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 6.34%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 255.81%.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/plains-all-american-pipeline-l-p-paa-holdings-cut-by-commonwealth-of-pennsylvania-public-school-empls-retrmt-sys/1729286.html.

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.

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

Receive News & Ratings for Plains All American Pipeline L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.