Private Advisor Group LLC boosted its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 25.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,948 shares of the pipeline company’s stock after acquiring an additional 4,925 shares during the period. Private Advisor Group LLC’s holdings in Plains All American Pipeline were worth $511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new stake in Plains All American Pipeline in the second quarter valued at $118,000. BB&T Investment Services Inc. purchased a new stake in Plains All American Pipeline in the second quarter valued at $108,000. Advisory Services Network LLC lifted its position 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 acquiring an additional 223 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in Plains All American Pipeline in the second quarter valued at $127,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Plains All American Pipeline by 14.3% in 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 last quarter. 43.45% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline, L.P. (NYSE:PAA) traded up $0.63 during midday trading on Tuesday, reaching $20.41. 4,757,200 shares of the company traded hands, compared to its average volume of 2,767,668. The stock has a market capitalization of $14,344.24, a PE ratio of 23.83 and a beta of 1.00. Plains All American Pipeline, L.P. has a 52-week low of $18.38 and a 52-week high of $33.75. 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 (NYSE:PAA) last posted its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. equities research analysts predict that Plains All American Pipeline, L.P. will post 1.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.20 annualized dividend and a yield of 5.88%. Plains All American Pipeline’s payout ratio is currently 239.13%.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total transaction of $205,962.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $20.00 price target on shares of Plains All American Pipeline and gave the company a “hold” rating in a research report on Thursday, October 12th. Stifel Nicolaus boosted their price target on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Seaport Global Securities began coverage on shares of Plains All American Pipeline in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $23.00 price target for the company. SunTrust Banks reaffirmed a “hold” rating and issued a $24.00 target price on shares of Plains All American Pipeline in a report on Friday, November 10th. Finally, BMO Capital Markets set a $25.00 target price on shares of Plains All American Pipeline and gave the company a “buy” rating in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.63.

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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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