SG Americas Securities LLC lifted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 65.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,443 shares of the pipeline company’s stock after buying an additional 77,132 shares during the period. SG Americas Securities LLC’s holdings in Plains All American Pipeline were worth $4,035,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PAA. Atwater Malick LLC bought a new stake in Plains All American Pipeline during the third quarter worth about $25,000. Garrett Wealth Advisory Group LLC bought a new stake in Plains All American Pipeline during the third quarter worth about $26,000. Paragon Capital Management LLC raised its holdings in Plains All American Pipeline by 136.0% during the second quarter. Paragon Capital Management LLC now owns 1,416 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 816 shares in the last quarter. Lenox Wealth Advisors LLC bought a new stake in Plains All American Pipeline during the third quarter worth about $32,000. Finally, MCF Advisors LLC bought a new stake in Plains All American Pipeline during the second quarter worth about $40,000. 50.62% of the stock is owned by institutional investors.

Several analysts recently issued reports on the company. Barclays reiterated a “hold” rating and set a $24.00 target price on shares of Plains All American Pipeline in a report on Wednesday, October 16th. Raymond James dropped their target price on Plains All American Pipeline from $29.00 to $27.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 23rd. Scotiabank assumed coverage on Plains All American Pipeline in a report on Tuesday, September 3rd. They set an “outperform” rating and a $28.00 target price on the stock. ValuEngine upgraded Plains All American Pipeline from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Bank of America dropped their target price on Plains All American Pipeline from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $26.73.

NYSE:PAA traded up $0.01 on Tuesday, hitting $17.78. The company’s stock had a trading volume of 114,812 shares, compared to its average volume of 3,329,314. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. The stock has a fifty day moving average of $19.48 and a two-hundred day moving average of $22.27. The firm has a market capitalization of $13.24 billion, a P/E ratio of 9.46 and a beta of 1.01. Plains All American Pipeline, L.P. has a one year low of $17.70 and a one year high of $25.27.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.13. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $8.05 billion. Plains All American Pipeline had a return on equity of 21.31% and a net margin of 8.95%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, sell-side analysts anticipate that Plains All American Pipeline, L.P. will post 2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a $0.36 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.44 annualized dividend and a yield of 8.10%. Plains All American Pipeline’s dividend payout ratio is 76.60%.

In other Plains All American Pipeline news, VP Chris Herbold sold 23,337 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $21.38, for a total value of $498,945.06. Following the sale, the vice president now owns 79,564 shares in the company, valued at $1,701,078.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Plains All American Pipeline Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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

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