Green Square Capital LLC trimmed its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 268,998 shares of the pipeline company’s stock after selling 24,936 shares during the quarter. Green Square Capital LLC’s holdings in Plains All American Pipeline were worth $5,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of PAA. BB&T Investment Services Inc. acquired a new position in Plains All American Pipeline during the 2nd quarter valued at $108,000. IHT Wealth Management LLC acquired a new position in Plains All American Pipeline during the 2nd quarter valued at $118,000. Advisory Services Network LLC raised its stake in Plains All American Pipeline by 5.1% during the 2nd quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after purchasing an additional 223 shares during the last quarter. Pathstone Family Office LLC acquired a new position in Plains All American Pipeline during the 2nd quarter valued at $127,000. Finally, Spectrum Management Group Inc. acquired a new position in Plains All American Pipeline during the 3rd quarter valued at $142,000. Institutional investors and hedge funds own 43.45% of the company’s stock.

Plains All American Pipeline, L.P. (PAA) traded up $0.63 on Tuesday, hitting $20.41. 4,757,200 shares of the stock traded hands, compared to its average volume of 2,767,668. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20. Plains All American Pipeline, L.P. has a fifty-two week low of $18.38 and a fifty-two week high of $33.75. The company has a market cap of $14,344.24, a price-to-earnings ratio of 23.83 and a beta of 1.00.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Monday, November 6th. The pipeline company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. sell-side analysts predict that Plains All American Pipeline, L.P. will post 1.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Monday, October 30th. Plains All American Pipeline’s payout ratio is 239.13%.

In other news, VP Chris Herbold sold 10,171 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total value of $205,962.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on PAA shares. Jefferies Group upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and cut their target price for the company from $28.00 to $23.00 in a research note on Monday, August 21st. Raymond James Financial upgraded shares of Plains All American Pipeline from an “outperform” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, August 28th. BMO Capital Markets set a $25.00 target price on shares of Plains All American Pipeline and gave the company a “buy” rating in a research note on Tuesday, October 17th. Robert W. Baird set a $20.00 target price on shares of Plains All American Pipeline and gave the company a “hold” rating in a research note on Thursday, October 12th. Finally, Stifel Nicolaus set a $21.00 target price on shares of Plains All American Pipeline and gave the company a “hold” rating in a research note on Monday, August 28th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.63.

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Plains All American Pipeline 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 (NYSE:PAA)

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