Marshall Wace North America L.P. Acquires Shares of 22,387 Plains All American Pipeline, L.P. (NYSE:PAA)

Marshall Wace North America L.P. bought a new position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,387 shares of the pipeline company’s stock, valued at approximately $549,000.

Other large investors have also modified their holdings of the company. Fort Sheridan Advisors LLC grew its position in Plains All American Pipeline by 0.8% in the 1st quarter. Fort Sheridan Advisors LLC now owns 60,505 shares of the pipeline company’s stock valued at $1,483,000 after buying an additional 500 shares in the last quarter. Avestar Capital LLC boosted its position in shares of Plains All American Pipeline by 12.0% during the 1st quarter. Avestar Capital LLC now owns 6,148 shares of the pipeline company’s stock valued at $149,000 after purchasing an additional 659 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of Plains All American Pipeline by 3.6% during the 1st quarter. Belpointe Asset Management LLC now owns 20,778 shares of the pipeline company’s stock valued at $510,000 after purchasing an additional 730 shares in the last quarter. Enterprise Financial Services Corp boosted its position in shares of Plains All American Pipeline by 71.5% during the 1st quarter. Enterprise Financial Services Corp now owns 2,039 shares of the pipeline company’s stock valued at $50,000 after purchasing an additional 850 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Plains All American Pipeline by 1.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 57,961 shares of the pipeline company’s stock valued at $1,421,000 after purchasing an additional 925 shares in the last quarter. 48.43% of the stock is currently owned by institutional investors.

In other Plains All American Pipeline news, insider Emg Investment, Llc sold 8,179,284 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $23.10, for a total value of $188,941,460.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

A number of research firms have recently issued reports on PAA. Wolfe Research lowered shares of Enbridge from an “outperform” rating to a “peer perform” rating and set a $37.00 price target for the company. in a research report on Thursday, June 13th. Piper Jaffray Companies cut their price objective on shares of Inovio Pharmaceuticals from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “equal weight” rating on shares of Lululemon Athletica in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. Plains All American Pipeline has an average rating of “Buy” and a consensus price target of $28.38.

Shares of NYSE PAA traded down $0.06 during midday trading on Thursday, reaching $24.51. 2,146,800 shares of the company traded hands, compared to its average volume of 2,120,742. The business’s 50-day moving average price is $23.95. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 0.91. Plains All American Pipeline, L.P. has a 12 month low of $19.33 and a 12 month high of $27.70. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of 13.04 and a beta of 1.00.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Tuesday, May 7th. The pipeline company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.10. Plains All American Pipeline had a return on equity of 20.70% and a net margin of 8.51%. The business had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts expect that Plains All American Pipeline, L.P. will post 2.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.88%. The ex-dividend date is Tuesday, July 30th. Plains All American Pipeline’s payout ratio is 76.60%.

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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