US Bancorp DE grew its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,297 shares of the pipeline company’s stock after purchasing an additional 3,761 shares during the quarter. US Bancorp DE’s holdings in Plains All American Pipeline were worth $1,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Plains All American Pipeline during the first quarter worth approximately $108,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Plains All American Pipeline during the second quarter worth approximately $162,000. Penn Davis Mcfarland Inc. acquired a new position in shares of Plains All American Pipeline during the second quarter worth approximately $201,000. Denver Investment Advisors LLC acquired a new position in shares of Plains All American Pipeline during the first quarter worth approximately $207,000. Finally, Todd Asset Management LLC acquired a new position in shares of Plains All American Pipeline during the first quarter worth approximately $208,000. Institutional investors and hedge funds own 46.00% of the company’s stock.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,591 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $26.35, for a total value of $279,072.85. Following the completion of the sale, the vice president now directly owns 34,227 shares in the company, valued at $901,881.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Several equities analysts have recently issued reports on PAA shares. Zacks Investment Research upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, July 12th. Seaport Global Securities started coverage on Plains All American Pipeline in a research report on Friday, July 27th. They set a “buy” rating and a $28.00 price objective for the company. Bank of America upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, July 18th. Morgan Stanley boosted their price objective on Plains All American Pipeline from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, June 1st. Finally, ValuEngine downgraded Plains All American Pipeline from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.00.

PAA opened at $25.27 on Friday. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.09 and a beta of 0.81. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.63. Plains All American Pipeline, L.P. has a 1-year low of $18.38 and a 1-year high of $27.70.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Tuesday, August 7th. The pipeline company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.15. The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.18 billion. Plains All American Pipeline had a return on equity of 12.80% and a net margin of 2.04%. analysts predict that Plains All American Pipeline, L.P. will post 1.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, July 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, July 30th. This represents a $1.20 dividend on an annualized basis and a yield of 4.75%. Plains All American Pipeline’s dividend payout ratio (DPR) is 127.66%.

Plains All American Pipeline Profile

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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