Green Square Capital LLC lifted its stake in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,384 shares of the pipeline company’s stock after purchasing an additional 2,105 shares during the period. Green Square Capital LLC’s holdings in Plains All American Pipeline were worth $5,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global X Management Co LLC grew its holdings in Plains All American Pipeline by 38.5% during the 2nd quarter. Global X Management Co LLC now owns 2,932,898 shares of the pipeline company’s stock worth $69,334,000 after acquiring an additional 816,014 shares in the last quarter. Tiedemann Advisors LLC grew its holdings in Plains All American Pipeline by 638.7% during the 2nd quarter. Tiedemann Advisors LLC now owns 498,517 shares of the pipeline company’s stock worth $11,784,000 after acquiring an additional 431,034 shares in the last quarter. HRT Financial LLC bought a new position in Plains All American Pipeline during the 2nd quarter worth about $808,000. Centaurus Financial Inc. bought a new position in Plains All American Pipeline during the 2nd quarter worth about $109,000. Finally, Kalos Management Inc. bought a new position in Plains All American Pipeline during the 2nd quarter worth about $991,000. Hedge funds and other institutional investors own 45.89% of the company’s stock.

Several brokerages have issued reports on PAA. Morgan Stanley set a $28.00 target price on shares of Plains All American Pipeline and gave the stock a “buy” rating in a report on Friday. Johnson Rice started coverage on shares of Plains All American Pipeline in a research report on Thursday, September 13th. They set a “buy” rating and a $31.00 price target for the company. US Capital Advisors raised shares of Plains All American Pipeline from a “hold” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Friday, August 24th. JPMorgan Chase & Co. increased their price target on shares of Plains All American Pipeline from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, August 24th. Finally, BMO Capital Markets reissued a “buy” rating and set a $29.00 price target on shares of Plains All American Pipeline in a research report on Monday, August 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Plains All American Pipeline presently has a consensus rating of “Buy” and an average target price of $27.31.

Shares of Plains All American Pipeline stock opened at $25.14 on Tuesday. The company has a market capitalization of $18.28 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.05. Plains All American Pipeline, L.P. has a 52 week low of $18.38 and a 52 week high of $27.70.

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

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

About Plains All American Pipeline

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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