Plains All American Pipeline, L.P. (PAA) Shares Sold by Rothschild Investment Corp IL

Rothschild Investment Corp IL lessened its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,075 shares of the pipeline company’s stock after selling 13,900 shares during the period. Rothschild Investment Corp IL’s holdings in Plains All American Pipeline, L.P. were worth $1,824,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. lifted its holdings in Plains All American Pipeline, L.P. by 0.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 33,341,100 shares of the pipeline company’s stock worth $875,871,000 after buying an additional 255,459 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Plains All American Pipeline, L.P. by 4.9% during the 2nd quarter. Alps Advisors Inc. now owns 30,612,374 shares of the pipeline company’s stock worth $804,187,000 after buying an additional 1,416,441 shares during the last quarter. Center Coast Capital Advisors LP lifted its holdings in Plains All American Pipeline, L.P. by 13.7% during the 2nd quarter. Center Coast Capital Advisors LP now owns 8,099,170 shares of the pipeline company’s stock worth $212,765,000 after buying an additional 977,234 shares during the last quarter. Bank of Montreal Can lifted its holdings in Plains All American Pipeline, L.P. by 50.4% during the 2nd quarter. Bank of Montreal Can now owns 7,853,634 shares of the pipeline company’s stock worth $206,315,000 after buying an additional 2,631,118 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its holdings in Plains All American Pipeline, L.P. by 3.7% during the 2nd quarter. Chickasaw Capital Management LLC now owns 6,936,802 shares of the pipeline company’s stock worth $182,230,000 after buying an additional 248,302 shares during the last quarter. 41.69% of the stock is currently owned by institutional investors.

A number of research analysts have commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 target price (up previously from $20.19) on shares of Plains All American Pipeline, L.P. in a report on Monday, August 28th. Mizuho raised Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 10th. BidaskClub raised Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Barclays PLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Plains All American Pipeline, L.P. in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. raised Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Plains All American Pipeline, L.P. has an average rating of “Hold” and an average target price of $27.60.

Plains All American Pipeline, L.P. (NYSE:PAA) traded up 1.70% during mid-day trading on Friday, reaching $19.69. The company had a trading volume of 3,242,103 shares. Plains All American Pipeline, L.P. has a 52-week low of $18.76 and a 52-week high of $33.95. The company’s 50 day moving average is $21.19 and its 200 day moving average is $24.49. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 15.19 and a beta of 0.98.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) earnings per share. Equities analysts predict that Plains All American Pipeline, L.P. will post $1.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, October 30th. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is currently 165.41%.

ILLEGAL ACTIVITY WARNING: “Plains All American Pipeline, L.P. (PAA) Shares Sold by Rothschild Investment Corp IL” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2017/10/29/plains-all-american-pipeline-l-p-paa-shares-sold-by-rothschild-investment-corp-il.html.

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)

What are top analysts saying about Plains All American Pipeline L.P.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Plains All American Pipeline L.P. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit