Pointe Capital Management LLC Has $1.63 Million Holdings in Plains All American Pipeline, L.P. (PAA)

Pointe Capital Management LLC cut its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 27.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,789 shares of the pipeline company’s stock after selling 30,322 shares during the period. Plains All American Pipeline makes up 1.3% of Pointe Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Pointe Capital Management LLC’s holdings in Plains All American Pipeline were worth $1,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Adams Asset Advisors LLC raised its stake in Plains All American Pipeline by 16.6% during the 4th quarter. Adams Asset Advisors LLC now owns 215,321 shares of the pipeline company’s stock valued at $4,444,000 after acquiring an additional 30,709 shares during the last quarter. Atlantic Trust Group LLC raised its stake in Plains All American Pipeline by 33.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 6,669,879 shares of the pipeline company’s stock valued at $141,334,000 after acquiring an additional 1,668,416 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Plains All American Pipeline by 4.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,128,391 shares of the pipeline company’s stock valued at $23,911,000 after acquiring an additional 47,404 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Plains All American Pipeline by 30.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 255,532 shares of the pipeline company’s stock valued at $5,415,000 after acquiring an additional 59,632 shares during the last quarter. Finally, Institutional & Family Asset Management LLC raised its stake in Plains All American Pipeline by 75.8% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 217,822 shares of the pipeline company’s stock valued at $4,616,000 after acquiring an additional 93,916 shares during the last quarter. 43.41% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on PAA shares. Jefferies Group reaffirmed a “buy” rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research note on Monday, October 16th. Zacks Investment Research downgraded Plains All American Pipeline from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Robert W. Baird reissued a “hold” rating and set a $21.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 10th. BMO Capital Markets set a $25.00 target price on Plains All American Pipeline and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus increased their target price on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.42.

Plains All American Pipeline, L.P. (NYSE PAA) traded up $0.38 on Friday, hitting $23.96. The company had a trading volume of 4,998,627 shares, compared to its average volume of 3,600,000. The firm has a market cap of $17,380.00, a PE ratio of 27.86 and a beta of 1.00. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20. Plains All American Pipeline, L.P. has a 1-year low of $18.38 and a 1-year high of $33.01.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Tuesday, January 30th. Plains All American Pipeline’s dividend payout ratio is currently 139.53%.

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

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Plains All American Pipeline Company Profile

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.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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