ING Groep NV bought a new stake in Plains All American Pipeline, L.P. (NYSE:PAA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,128,100 shares of the pipeline company’s stock, valued at approximately $66,284,000. Plains All American Pipeline, L.P. accounts for approximately 1.3% of ING Groep NV’s investment portfolio, making the stock its 17th largest holding. ING Groep NV owned approximately 0.43% of Plains All American Pipeline, L.P. at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PAA. Good Life Advisors LLC boosted its stake in shares of Plains All American Pipeline, L.P. by 0.4% in the second quarter. Good Life Advisors LLC now owns 11,191 shares of the pipeline company’s stock valued at $291,000 after buying an additional 42 shares in the last quarter. CNH Partners LLC boosted its stake in shares of Plains All American Pipeline, L.P. by 0.6% in the second quarter. CNH Partners LLC now owns 17,770 shares of the pipeline company’s stock valued at $467,000 after buying an additional 100 shares in the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Plains All American Pipeline, L.P. by 0.6% in the second quarter. First Allied Advisory Services Inc. now owns 19,024 shares of the pipeline company’s stock valued at $499,000 after buying an additional 108 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Plains All American Pipeline, L.P. by 2.2% in the second quarter. MML Investors Services LLC now owns 7,985 shares of the pipeline company’s stock valued at $210,000 after buying an additional 171 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. boosted its stake in shares of Plains All American Pipeline, L.P. by 1.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 16,573 shares of the pipeline company’s stock valued at $435,000 after buying an additional 212 shares in the last quarter. 39.68% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Plains All American Pipeline, L.P. (NYSE PAA) traded up $0.01 during trading hours on Wednesday, hitting $19.62. The stock had a trading volume of 1,071,420 shares, compared to its average volume of 2,682,444. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78. Plains All American Pipeline, L.P. has a twelve month low of $18.76 and a twelve month high of $33.95. The stock has a market capitalization of $14,569.05, a P/E ratio of 24.20 and a beta of 1.01.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 6.12%. Plains All American Pipeline, L.P.’s dividend payout ratio is currently 239.13%.

A number of research firms recently weighed in on PAA. Raymond James Financial, Inc. set a $24.00 price target on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research note on Wednesday, August 9th. BidaskClub downgraded Plains All American Pipeline, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus decreased their price target on Plains All American Pipeline, L.P. from $30.00 to $26.00 and set a “hold” rating on the stock in a research note on Tuesday, August 8th. Howard Weil downgraded Plains All American Pipeline, L.P. from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Citigroup Inc. restated a “buy” rating and issued a $28.00 price target (down from $33.50) on shares of Plains All American Pipeline, L.P. in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.52.

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

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.

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

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