Nicholas Company Inc. trimmed its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,300 shares of the pipeline company’s stock after selling 18,500 shares during the period. Nicholas Company Inc.’s holdings in Plains All American Pipeline, L.P. were worth $5,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Plains All American Pipeline, L.P. by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,872,670 shares of the pipeline company’s stock valued at $101,735,000 after purchasing an additional 19,466 shares during the period. Rothschild Investment Corp IL grew its holdings in Plains All American Pipeline, L.P. by 3.1% during the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after purchasing an additional 3,050 shares during the period. Bollard Group LLC grew its holdings in Plains All American Pipeline, L.P. by 2.0% during the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after purchasing an additional 6,461 shares during the period. Bridges Investment Counsel Inc. grew its holdings in Plains All American Pipeline, L.P. by 131.4% during the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after purchasing an additional 17,685 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in Plains All American Pipeline, L.P. by 18.4% during the second quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after purchasing an additional 30,403 shares during the period. 42.08% of the stock is owned by institutional investors and hedge funds.

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Plains All American Pipeline, L.P. (NYSE:PAA) opened at 21.81 on Friday. Plains All American Pipeline, L.P. has a one year low of $18.82 and a one year high of $33.95. The stock has a market cap of $15.81 billion, a P/E ratio of 16.83 and a beta of 0.99. The company’s 50-day moving average price is $21.87 and its 200-day moving average price is $26.75.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. Analysts forecast that Plains All American Pipeline, L.P. will post $1.55 EPS for the current fiscal year.

Several brokerages have weighed in on PAA. Bank of America Corporation reduced their price objective on Plains All American Pipeline, L.P. from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating and set a $24.00 price objective (up from $20.19) on shares of Plains All American Pipeline, L.P. in a report on Monday, August 28th. Stifel Nicolaus set a $21.00 price target on Plains All American Pipeline, L.P. and gave the stock a “hold” rating in a report on Monday, August 28th. Raymond James Financial, Inc. raised Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, August 28th. Finally, UBS AG raised Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Plains All American Pipeline, L.P. presently has an average rating of “Hold” and a consensus price target of $29.23.

Plains All American Pipeline, L.P. 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.

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

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