Chickasaw Capital Management LLC decreased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,006,479 shares of the pipeline company’s stock after selling 144,955 shares during the period. Plains All American Pipeline comprises about 3.5% of Chickasaw Capital Management LLC’s holdings, making the stock its 12th largest holding. Chickasaw Capital Management LLC’s holdings in Plains All American Pipeline were worth $120,370,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Arlington Partners LLC purchased a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $32,000. Centaurus Financial Inc. purchased a new stake in shares of Plains All American Pipeline in the 2nd quarter worth approximately $109,000. Pathstone Family Office LLC purchased a new stake in shares of Plains All American Pipeline in the 3rd quarter worth approximately $131,000. Cerebellum GP LLC purchased a new stake in shares of Plains All American Pipeline in the 4th quarter worth approximately $131,000. Finally, Exane Derivatives grew its stake in shares of Plains All American Pipeline by 14,250.0% in the 3rd quarter. Exane Derivatives now owns 5,740 shares of the pipeline company’s stock worth $142,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Plains All American Pipeline from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Mizuho assumed coverage on Plains All American Pipeline in a research note on Wednesday, November 28th. They issued a “buy” rating and a $30.00 price target on the stock. TheStreet upgraded Plains All American Pipeline from a “c+” rating to a “b-” rating in a research note on Wednesday, November 7th. Johnson Rice assumed coverage on Plains All American Pipeline in a research note on Thursday, September 13th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Goldman Sachs Group upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.83.

PAA stock traded down $0.35 during midday trading on Friday, hitting $23.41. The company’s stock had a trading volume of 2,637,600 shares, compared to its average volume of 3,493,938. The stock has a market capitalization of $17.47 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. Plains All American Pipeline, L.P. has a 12 month low of $19.33 and a 12 month high of $27.70. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 1.01.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Plains All American Pipeline had a return on equity of 14.72% and a net margin of 3.92%. The firm’s quarterly revenue was up 49.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. On average, research analysts predict that Plains All American Pipeline, L.P. will post 1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, January 31st will be given a $0.30 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $1.20 annualized dividend and a yield of 5.13%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 127.66%.

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About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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