KCG Holdings Inc. reduced its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 77.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,735 shares of the pipeline company’s stock after selling 62,409 shares during the period. KCG Holdings Inc.’s holdings in Plains All American Pipeline, L.P. were worth $561,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Morgan Stanley increased its position in shares of Plains All American Pipeline, L.P. by 37.2% in the first quarter. Morgan Stanley now owns 14,058,014 shares of the pipeline company’s stock valued at $444,373,000 after buying an additional 3,808,889 shares in the last quarter. FMR LLC increased its position in shares of Plains All American Pipeline, L.P. by 350.2% in the fourth quarter. FMR LLC now owns 2,731,400 shares of the pipeline company’s stock valued at $88,197,000 after buying an additional 2,124,700 shares in the last quarter. ING Groep NV increased its position in shares of Plains All American Pipeline, L.P. by 127.6% in the first quarter. ING Groep NV now owns 2,089,500 shares of the pipeline company’s stock valued at $66,049,000 after buying an additional 1,171,500 shares in the last quarter. UBS Group AG increased its position in shares of Plains All American Pipeline, L.P. by 12.5% in the first quarter. UBS Group AG now owns 9,370,040 shares of the pipeline company’s stock valued at $296,187,000 after buying an additional 1,038,051 shares in the last quarter. Finally, Center Coast Capital Advisors LP increased its position in shares of Plains All American Pipeline, L.P. by 16.2% in the first quarter. Center Coast Capital Advisors LP now owns 7,121,936 shares of the pipeline company’s stock valued at $225,124,000 after buying an additional 994,904 shares in the last quarter. 43.76% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline, L.P. (PAA) traded down 2.59% on Thursday, reaching $25.61. The company had a trading volume of 1,783,524 shares. Plains All American Pipeline, L.P. has a one year low of $23.21 and a one year high of $33.95. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 27.24 and a beta of 0.95. The company’s 50 day moving average is $25.75 and its 200-day moving average is $28.97.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings data on Monday, May 8th. The pipeline company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.09. Plains All American Pipeline, L.P. had a return on equity of 9.52% and a net margin of 4.26%. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 62.2% compared to the same quarter last year. On average, equities research analysts expect that Plains All American Pipeline, L.P. will post $1.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend is Thursday, July 27th. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is presently 239.13%.

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PAA has been the subject of several research reports. Guggenheim initiated coverage on Plains All American Pipeline, L.P. in a report on Monday, April 17th. They set a “neutral” rating and a $28.00 price target for the company. Wolfe Research reaffirmed a “market perform” rating on shares of Plains All American Pipeline, L.P. in a report on Friday, April 21st. Raymond James Financial, Inc. raised Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, May 22nd. They noted that the move was a valuation call. Stifel Nicolaus dropped their price objective on Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Plains All American Pipeline, L.P. in a report on Friday, June 23rd. Twelve equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Plains All American Pipeline, L.P. presently has a consensus rating of “Buy” and an average target price of $32.52.

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. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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

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