Moody National Bank Trust Division maintained its stake in Plains All American Pipeline, L.P. (NYSE:PAA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,500 shares of the pipeline company’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in Plains All American Pipeline, L.P. were worth $224,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Founders Capital Management acquired a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $101,000. Trust Co. of Vermont increased its stake in Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock valued at $107,000 after buying an additional 3,150 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Plains All American Pipeline, L.P. by 23.3% in the first quarter. Parkside Financial Bank & Trust now owns 4,228 shares of the pipeline company’s stock valued at $134,000 after buying an additional 800 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $139,000. Finally, Princeton Portfolio Strategies Group LLC acquired a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $153,000. 43.76% of the stock is owned by institutional investors.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at 25.62 on Friday. The company’s 50-day moving average is $25.75 and its 200 day moving average is $28.97. The firm has a market capitalization of $18.57 billion, a PE ratio of 23.81 and a beta of 0.95. Plains All American Pipeline, L.P. has a 1-year low of $23.21 and a 1-year high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its earnings results on Monday, May 8th. The pipeline company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.09. Plains All American Pipeline, L.P. had a net margin of 4.26% and a return on equity of 9.52%. The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the business posted $0.45 earnings per share. Plains All American Pipeline, L.P.’s quarterly revenue was up 62.2% compared to the same quarter last year. On average, equities analysts expect that Plains All American Pipeline, L.P. will post $1.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, July 27th. This represents a $2.20 dividend on an annualized basis and a yield of 8.59%. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is 239.13%.

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Several research firms have commented on PAA. Mizuho raised shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, July 10th. Guggenheim began coverage on shares of Plains All American Pipeline, L.P. in a research report on Monday, April 17th. They issued a “neutral” rating and a $28.00 target price for the company. BidaskClub raised shares of Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. UBS AG raised shares of Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. Finally, Deutsche Bank AG downgraded shares of Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $34.00 to $29.00 in a research report on Thursday, July 13th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Plains All American Pipeline, L.P. presently has an average rating of “Buy” and a consensus price target of $32.83.

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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