Balyasny Asset Management LLC increased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 17.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,000 shares of the pipeline company’s stock after purchasing an additional 80,000 shares during the quarter. Balyasny Asset Management LLC owned 0.07% of Plains All American Pipeline, L.P. worth $14,186,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PAA. Morgan Stanley boosted its position in 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 during the last quarter. Bank of Montreal Can increased its holdings in Plains All American Pipeline, L.P. by 50.4% in the 2nd quarter. Bank of Montreal Can now owns 7,853,634 shares of the pipeline company’s stock worth $206,315,000 after buying an additional 2,631,118 shares during the period. Renaissance Technologies LLC increased its holdings in Plains All American Pipeline, L.P. by 893.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,921,614 shares of the pipeline company’s stock worth $50,481,000 after buying an additional 1,728,100 shares during the period. Bank of America Corp DE increased its holdings in Plains All American Pipeline, L.P. by 24.1% in the 1st quarter. Bank of America Corp DE now owns 8,648,721 shares of the pipeline company’s stock worth $273,386,000 after buying an additional 1,680,480 shares during the period. Finally, Alps Advisors Inc. increased its holdings in Plains All American Pipeline, L.P. by 4.9% in the 2nd quarter. Alps Advisors Inc. now owns 30,612,374 shares of the pipeline company’s stock worth $804,187,000 after buying an additional 1,416,441 shares during the period. 42.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 21.29 on Wednesday. The company has a 50-day moving average price of $21.14 and a 200 day moving average price of $25.78. Plains All American Pipeline, L.P. has a 12-month low of $18.82 and a 12-month high of $33.95. The firm has a market capitalization of $15.43 billion, a PE ratio of 16.43 and a beta of 0.98.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the 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 company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, equities analysts expect that Plains All American Pipeline, L.P. will post $1.53 earnings per share for the current year.

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PAA has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “hold” rating and set a $27.00 price target on shares of Plains All American Pipeline, L.P. in a research report on Friday, June 23rd. BidaskClub raised shares of Plains All American Pipeline, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Mizuho raised shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, July 10th. Deutsche Bank AG lowered shares of Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $34.00 to $29.00 in a research note on Thursday, July 13th. Finally, 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 objective on the stock in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.23.

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.

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

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