Sandy Spring Bank continued to hold its position in Plains All American Pipeline L.P. (NYSE:PAA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,650 shares of the company’s stock at the end of the third quarter. Sandy Spring Bank’s holdings in Plains All American Pipeline L.P. were worth $1,842,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of Plains All American Pipeline L.P. by 2.4% in the second quarter. MCF Advisors LLC now owns 3,714 shares of the company’s stock worth $102,000 after buying an additional 87 shares during the last quarter. Financial Architects Inc raised its stake in shares of Plains All American Pipeline L.P. by 88.2% in the second quarter. Financial Architects Inc now owns 4,117 shares of the company’s stock worth $113,000 after buying an additional 1,930 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Plains All American Pipeline L.P. by 28.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,883 shares of the company’s stock worth $122,000 after buying an additional 862 shares during the last quarter. Cornerstone Advisors Inc. acquired a new stake in shares of Plains All American Pipeline L.P. during the third quarter worth approximately $126,000. Finally, Advisory Services Network LLC raised its stake in shares of Plains All American Pipeline L.P. by 31.7% in the third quarter. Advisory Services Network LLC now owns 4,162 shares of the company’s stock worth $131,000 after buying an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 68.16% of the company’s stock.

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

Shares of Plains All American Pipeline L.P. (NYSE:PAA) traded down 1.10% during mid-day trading on Tuesday, hitting $29.66. The stock had a trading volume of 4,163,557 shares. The stock has a 50 day moving average of $31.23 and a 200-day moving average of $28.63. The stock has a market capitalization of $12.25 billion, a P/E ratio of 58.27 and a beta of 0.87. Plains All American Pipeline L.P. has a 52 week low of $14.82 and a 52 week high of $33.00.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $2.20 annualized dividend and a yield of 7.42%. Plains All American Pipeline L.P.’s dividend payout ratio (DPR) is presently 431.38%.

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A number of equities research analysts have commented on PAA shares. Goldman Sachs Group Inc. upgraded Plains All American Pipeline L.P. from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $21.00 to $26.00 in a research report on Wednesday, August 3rd. Citigroup Inc. restated a “buy” rating and set a $33.50 price objective (up from $30.50) on shares of Plains All American Pipeline L.P. in a research report on Tuesday, August 16th. Royal Bank Of Canada raised their price objective on Plains All American Pipeline L.P. from $22.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 17th. RBC Capital Markets restated a “sector perform” rating and set a $29.00 price objective (up from $22.00) on shares of Plains All American Pipeline L.P. in a research report on Wednesday, August 17th. Finally, Howard Weil started coverage on Plains All American Pipeline L.P. in a research report on Thursday, August 25th. They set a “sector perform” rating for the company. Nineteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $29.87.

Plains All American Pipeline L.P. 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. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

5 Day Chart for NYSE:PAA

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