Raymond James Financial Services Advisors Inc. lowered its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 464,446 shares of the pipeline company’s stock after selling 19,823 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of Plains All American Pipeline, L.P. worth $9,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAA. Renaissance Technologies LLC purchased a new stake in Plains All American Pipeline, L.P. in the 1st quarter worth approximately $6,117,000. US Bancorp DE lifted its holdings in Plains All American Pipeline, L.P. by 1.5% in the 2nd quarter. US Bancorp DE now owns 70,771 shares of the pipeline company’s stock worth $1,859,000 after buying an additional 1,026 shares during the period. Private Capital Management Inc. lifted its holdings in Plains All American Pipeline, L.P. by 44.5% in the 2nd quarter. Private Capital Management Inc. now owns 18,500 shares of the pipeline company’s stock worth $486,000 after buying an additional 5,700 shares during the period. Rothschild Investment Corp IL lifted its holdings in Plains All American Pipeline, L.P. by 3.1% in the 2nd quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock worth $2,626,000 after buying an additional 3,050 shares during the period. Finally, Investment House LLC lifted its holdings in Plains All American Pipeline, L.P. by 66.6% in the 2nd quarter. Investment House LLC now owns 50,010 shares of the pipeline company’s stock worth $1,314,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 42.05% of the company’s stock.

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Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at $20.04 on Friday. The company has a market capitalization of $14,532.79, a price-to-earnings ratio of 24.14 and a beta of 1.01. Plains All American Pipeline, L.P. has a fifty-two week low of $18.76 and a fifty-two week high of $33.95. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 1.20.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its earnings results 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 business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $6.24 billion. Plains All American Pipeline, L.P. had a return on equity of 9.06% and a net margin of 3.22%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. sell-side analysts expect that Plains All American Pipeline, L.P. will post 1.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date was Monday, October 30th. Plains All American Pipeline, L.P.’s payout ratio is 239.13%.

Several equities research analysts have weighed in on the company. Raymond James Financial, Inc. set a $24.00 price objective on Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a report on Wednesday, August 9th. BidaskClub cut Plains All American Pipeline, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Stifel Nicolaus increased their price objective on Plains All American Pipeline, L.P. from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Howard Weil cut Plains All American Pipeline, L.P. from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $28.00 price objective (down previously from $33.50) on shares of Plains All American Pipeline, L.P. in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Plains All American Pipeline, L.P. presently has a consensus rating of “Hold” and an average price target of $27.52.

In other Plains All American Pipeline, L.P. news, VP Chris Herbold sold 10,171 shares of Plains All American Pipeline, L.P. 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

About Plains All American Pipeline, L.P.

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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