Miller Howard Investments Inc. NY trimmed its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,826,289 shares of the pipeline company’s stock after selling 136,522 shares during the period. Miller Howard Investments Inc. NY owned 0.39% of Plains All American Pipeline, L.P. worth $59,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAA. Bank of Montreal Can increased its holdings in Plains All American Pipeline, L.P. by 50.4% during the second quarter. Bank of Montreal Can now owns 7,853,634 shares of the pipeline company’s stock worth $206,315,000 after buying an additional 2,631,118 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Plains All American Pipeline, L.P. by 893.0% during the second quarter. Renaissance Technologies LLC now owns 1,921,614 shares of the pipeline company’s stock worth $50,481,000 after buying an additional 1,728,100 shares during the last quarter. Alps Advisors Inc. increased its holdings in Plains All American Pipeline, L.P. by 4.9% during the second quarter. Alps Advisors Inc. now owns 30,612,374 shares of the pipeline company’s stock worth $804,187,000 after buying an additional 1,416,441 shares during the last quarter. Commonwealth Bank of Australia acquired a new position in Plains All American Pipeline, L.P. during the second quarter worth $33,266,000. Finally, Center Coast Capital Advisors LP increased its holdings in Plains All American Pipeline, L.P. by 13.7% during the second quarter. Center Coast Capital Advisors LP now owns 8,099,170 shares of the pipeline company’s stock worth $212,765,000 after buying an additional 977,234 shares during the last quarter. Institutional investors and hedge funds own 41.75% of the company’s stock.

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Plains All American Pipeline, L.P. (NYSE:PAA) last posted its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). The company had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.01%. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is presently 165.41%.

PAA has been the topic of a number of recent analyst reports. UBS AG upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a report on Monday, August 28th. Zacks Investment Research downgraded shares of Plains All American Pipeline, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, August 28th. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 10th. Finally, Jefferies Group LLC restated a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Plains All American Pipeline, L.P. in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.60.

Plains All American Pipeline, L.P. 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, L.P. (NYSE:PAA)

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