Wakefield Asset Management LLLP purchased a new stake in Plains All American Pipeline, L.P. (NYSE:PAA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,345 shares of the pipeline company’s stock, valued at approximately $568,000.

Other large investors also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Plains All American Pipeline in the fourth quarter valued at approximately $5,026,000. Edge Capital Group LLC purchased a new stake in shares of Plains All American Pipeline in the fourth quarter valued at approximately $455,000. MetLife Investment Advisors LLC increased its position in shares of Plains All American Pipeline by 8.8% in the fourth quarter. MetLife Investment Advisors LLC now owns 1,085,861 shares of the pipeline company’s stock valued at $21,761,000 after buying an additional 87,797 shares in the last quarter. LSP Investment Advisors LLC increased its position in shares of Plains All American Pipeline by 4.0% in the fourth quarter. LSP Investment Advisors LLC now owns 1,188,797 shares of the pipeline company’s stock valued at $23,823,000 after buying an additional 45,685 shares in the last quarter. Finally, Suntrust Banks Inc. purchased a new stake in shares of Plains All American Pipeline in the fourth quarter valued at approximately $236,000. 47.36% of the stock is owned by institutional investors.

Shares of PAA traded up $0.26 during trading hours on Tuesday, hitting $24.59. 67,328 shares of the stock were exchanged, compared to its average volume of 2,263,457. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.84 and a current ratio of 1.02. Plains All American Pipeline, L.P. has a 12-month low of $19.33 and a 12-month high of $27.70. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 13.13 and a beta of 1.09.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings results on Tuesday, February 5th. The pipeline company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.11. Plains All American Pipeline had a return on equity of 18.87% and a net margin of 6.50%. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts predict that Plains All American Pipeline, L.P. will post 2 earnings per share for the current year.

A number of analysts have recently commented on PAA shares. Evercore ISI started coverage on Plains All American Pipeline in a research report on Tuesday, February 5th. They issued a $24.00 price objective for the company. Goldman Sachs Group upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. Jefferies Financial Group upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Citigroup cut their price objective on Plains All American Pipeline from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. Finally, Mizuho started coverage on Plains All American Pipeline in a research report on Wednesday, November 28th. They issued a “buy” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.33.

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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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