Security National Trust Co. maintained its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the pipeline company’s stock at the end of the second quarter. Security National Trust Co.’s holdings in Plains All American Pipeline, L.P. were worth $105,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Seatown Holdings Pte. Ltd. bought a new position in shares of Plains All American Pipeline, L.P. during the first quarter worth approximately $20,863,000. Virtu Financial LLC increased its stake in Plains All American Pipeline, L.P. by 79.5% in the first quarter. Virtu Financial LLC now owns 82,026 shares of the pipeline company’s stock worth $2,593,000 after buying an additional 36,335 shares in the last quarter. Conning Inc. increased its stake in Plains All American Pipeline, L.P. by 8.7% in the first quarter. Conning Inc. now owns 418,514 shares of the pipeline company’s stock worth $13,229,000 after buying an additional 33,621 shares in the last quarter. Welch & Forbes LLC increased its stake in Plains All American Pipeline, L.P. by 11.6% in the first quarter. Welch & Forbes LLC now owns 7,916 shares of the pipeline company’s stock worth $250,000 after buying an additional 825 shares in the last quarter. Finally, Miller Howard Investments Inc. NY increased its stake in Plains All American Pipeline, L.P. by 27.6% in the first quarter. Miller Howard Investments Inc. NY now owns 3,104,026 shares of the pipeline company’s stock worth $98,118,000 after buying an additional 671,510 shares in the last quarter. Hedge funds and other institutional investors own 43.94% of the company’s stock.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at 19.01 on Monday. The company’s 50-day moving average price is $24.71 and its 200 day moving average price is $28.14. Plains All American Pipeline, L.P. has a 1-year low of $18.82 and a 1-year high of $33.95. The firm has a market capitalization of $13.78 billion, a PE ratio of 14.67 and a beta of 0.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a return on equity of 10.14% and a net margin of 4.42%. The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the firm posted ($0.12) earnings per share. The firm’s revenue was up 22.8% compared to the same quarter last year. On average, equities analysts anticipate that Plains All American Pipeline, L.P. will post $1.50 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date was Thursday, July 27th. Plains All American Pipeline, L.P.’s payout ratio is 165.41%.

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A number of equities research analysts have commented on the company. Scotiabank restated a “buy” rating and issued a $36.00 target price on shares of Plains All American Pipeline, L.P. in a research report on Thursday, April 27th. Raymond James Financial, Inc. upgraded Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, May 22nd. They noted that the move was a valuation call. UBS AG upgraded Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. Stifel Nicolaus reduced their target price on Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, May 10th. Finally, Deutsche Bank AG reduced their target price on Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.82.

About Plains All American Pipeline, L.P.

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.

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

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