Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 9.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,475 shares of the pipeline company’s stock after selling 2,792 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Plains All American Pipeline were worth $650,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Plains All American Pipeline by 145.2% during the second quarter. FMR LLC now owns 517,079 shares of the pipeline company’s stock valued at $12,224,000 after purchasing an additional 306,179 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Plains All American Pipeline by 24.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 54,039 shares of the pipeline company’s stock worth $1,277,000 after acquiring an additional 10,513 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Plains All American Pipeline by 6.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 520,619 shares of the pipeline company’s stock worth $12,310,000 after acquiring an additional 32,948 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Plains All American Pipeline by 9.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 30,393 shares of the pipeline company’s stock worth $718,000 after acquiring an additional 2,572 shares during the last quarter. Finally, Bollard Group LLC raised its holdings in Plains All American Pipeline by 55.9% in the 2nd quarter. Bollard Group LLC now owns 185,999 shares of the pipeline company’s stock worth $4,397,000 after acquiring an additional 66,692 shares during the last quarter. Hedge funds and other institutional investors own 45.89% of the company’s stock.

NYSE:PAA opened at $25.03 on Wednesday. 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 12 month low of $18.38 and a 12 month high of $27.70. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.99 and a beta of 0.81.

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

In other Plains All American Pipeline news, VP Chris Herbold sold 10,591 shares of Plains All American Pipeline 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 sale, the vice president now owns 34,227 shares of the company’s stock, valued at approximately $901,881.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

PAA has been the subject of a number of recent analyst reports. US Capital Advisors upgraded shares of Plains All American Pipeline from a “hold” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Friday, August 24th. Morgan Stanley set a $28.00 price objective on shares of Plains All American Pipeline and gave the stock a “buy” rating in a report on Friday, September 14th. TheStreet lowered shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, July 12th. Finally, Sanford C. Bernstein lowered shares of Plains All American Pipeline from an “outperform” rating to a “market perform” rating in a report on Monday, June 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.31.

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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