Green Square Capital LLC cut its stake in Plains All American Pipeline L.P. (NYSE:PAA) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 313,574 shares of the company’s stock after selling 18,802 shares during the period. Plains All American Pipeline L.P. makes up 2.1% of Green Square Capital LLC’s investment portfolio, making the stock its 9th largest position. Green Square Capital LLC owned 0.08% of Plains All American Pipeline L.P. worth $8,620,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PAA. ING Groep NV raised its stake in shares of Plains All American Pipeline L.P. by 151.0% in the first quarter. ING Groep NV now owns 6,804,128 shares of the company’s stock valued at $142,410,000 after buying an additional 4,093,128 shares in the last quarter. Energy Income Partners LLC boosted its position in Plains All American Pipeline L.P. by 15.4% in the first quarter. Energy Income Partners LLC now owns 8,125,589 shares of the company’s stock valued at $170,393,000 after buying an additional 1,086,090 shares during the last quarter. Bessemer Group Inc. boosted its position in Plains All American Pipeline L.P. by 62,110.3% in the first quarter. Bessemer Group Inc. now owns 1,045,133 shares of the company’s stock valued at $21,916,000 after buying an additional 1,043,453 shares during the last quarter. Center Coast Capital Advisors LP boosted its position in Plains All American Pipeline L.P. by 2.5% in the second quarter. Center Coast Capital Advisors LP now owns 10,333,567 shares of the company’s stock valued at $284,070,000 after buying an additional 250,733 shares during the last quarter. Finally, CT Mason boosted its position in Plains All American Pipeline L.P. by 677.6% in the second quarter. CT Mason now owns 223,848 shares of the company’s stock valued at $6,154,000 after buying an additional 195,060 shares during the last quarter. 66.00% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline L.P. (NYSE:PAA) traded up 3.65% during midday trading on Wednesday, hitting $28.65. The stock had a trading volume of 1,854,689 shares. Plains All American Pipeline L.P. has a 52 week low of $14.82 and a 52 week high of $34.98. The stock has a 50-day moving average of $28.46 and a 200-day moving average of $25.71. The firm has a market cap of $11.40 billion, a P/E ratio of 82.09 and a beta of 0.89.

Plains All American Pipeline L.P. (NYSE:PAA) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Plains All American Pipeline L.P. had a return on equity of 10.88% and a net margin of 3.30%. The business earned $4.95 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 25.7% compared to the same quarter last year. Analysts forecast that Plains All American Pipeline L.P. will post $1.03 EPS for the current fiscal year.

PAA has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price target on Plains All American Pipeline L.P. from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 31st. Citigroup Inc. reissued a “buy” rating and issued a $33.50 price target (up previously from $30.50) on shares of Plains All American Pipeline L.P. in a research note on Tuesday, August 16th. Morgan Stanley increased their price target on Plains All American Pipeline L.P. from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 26th. Zacks Investment Research cut Plains All American Pipeline L.P. from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, FBR & Co initiated coverage on Plains All American Pipeline L.P. in a research note on Friday, September 9th. They issued a “market perform” rating and a $30.00 price target for the company. Twenty-six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.96.

In related news, EVP John Vonberg sold 35,410 shares of Plains All American Pipeline L.P. stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $29.95, for a total transaction of $1,060,529.50. Following the completion of the sale, the executive vice president now directly owns 122,359 shares of the company’s stock, valued at $3,664,652.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO W David Duckett sold 17,333 shares of Plains All American Pipeline L.P. stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $29.76, for a total value of $515,830.08. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

5 Day Chart for NYSE:PAA

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