Ameriprise Financial Inc. boosted its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,975 shares of the pipeline company’s stock after buying an additional 6,823 shares during the period. Ameriprise Financial Inc.’s holdings in Plains All American Pipeline, L.P. were worth $2,876,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its position in shares of Plains All American Pipeline, L.P. by 2.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 381,800 shares of the pipeline company’s stock valued at $12,069,000 after buying an additional 9,300 shares in the last quarter. HITE Hedge Asset Management LLC boosted its position in shares of Plains All American Pipeline, L.P. by 4,454.8% in the fourth quarter. HITE Hedge Asset Management LLC now owns 775,310 shares of the pipeline company’s stock valued at $25,035,000 after buying an additional 758,288 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Plains All American Pipeline, L.P. by 23.3% in the fourth quarter. Teachers Advisors LLC now owns 1,330,745 shares of the pipeline company’s stock valued at $42,970,000 after buying an additional 251,237 shares in the last quarter. Verity & Verity LLC boosted its position in shares of Plains All American Pipeline, L.P. by 0.9% in the first quarter. Verity & Verity LLC now owns 36,742 shares of the pipeline company’s stock valued at $1,161,000 after buying an additional 310 shares in the last quarter. Finally, FMR LLC boosted 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. 43.76% of the stock is owned by institutional investors.

Plains All American Pipeline, L.P. (NYSE PAA) traded up 0.04% during mid-day trading on Friday, hitting $25.62. 1,148,147 shares of the stock traded hands. Plains All American Pipeline, L.P. has a 12-month low of $23.21 and a 12-month high of $33.95. The stock has a market cap of $18.57 billion, a PE ratio of 23.81 and a beta of 0.95. The company has a 50 day moving average of $25.75 and a 200-day moving average of $28.97.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its earnings results on Monday, May 8th. The pipeline company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the prior year, the business earned $0.45 earnings per share. Plains All American Pipeline, L.P.’s quarterly revenue was up 62.2% on a year-over-year basis. Equities research analysts forecast that Plains All American Pipeline, L.P. will post $1.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be issued 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 239.13%.

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Several research analysts have recently weighed in on the stock. Scotiabank set a $36.00 price objective on shares of Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $28.00 price target (up from $27.00) on shares of Plains All American Pipeline, L.P. in a report on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price target on shares of Plains All American Pipeline, L.P. in a report on Wednesday, July 19th. Barclays PLC upgraded shares of Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Tuesday, July 18th. Finally, Deutsche Bank AG downgraded shares of Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and reduced their price target for the company from $34.00 to $29.00 in a report on Thursday, July 13th. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.83.

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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