GenTrust LLC Has $835,000 Position in Plains All American Pipeline, L.P. (NYSE:PAA)

GenTrust LLC cut its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,775 shares of the pipeline company’s stock after selling 500 shares during the period. GenTrust LLC’s holdings in Plains All American Pipeline, L.P. were worth $835,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D increased its position in Plains All American Pipeline, L.P. by 2.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 381,800 shares of the pipeline company’s stock worth $12,069,000 after buying an additional 9,300 shares in the last quarter. Rothschild Investment Corp IL increased its position in Plains All American Pipeline, L.P. by 3.1% in the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after buying an additional 3,050 shares during the period. Bollard Group LLC increased its position in Plains All American Pipeline, L.P. by 2.0% in the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after buying an additional 6,461 shares during the period. Bridges Investment Counsel Inc. increased its stake in shares of Plains All American Pipeline, L.P. by 131.4% in the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after buying an additional 17,685 shares during the period. Finally, Verity & Verity LLC increased its stake in shares of Plains All American Pipeline, L.P. by 0.9% in the first quarter. Verity & Verity LLC now owns 36,742 shares of the pipeline company’s stock valued at $1,161,000 after buying an additional 310 shares during the period. 43.94% of the stock is currently owned by institutional investors.

Shares of Plains All American Pipeline, L.P. (PAA) traded down 0.68% on Friday, reaching $19.01. The company had a trading volume of 4,964,772 shares. The firm has a market capitalization of $13.78 billion, a PE ratio of 14.67 and a beta of 0.95. The firm’s 50 day moving average is $24.71 and its 200 day moving average is $28.14. Plains All American Pipeline, L.P. has a 12 month low of $18.82 and a 12 month high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted 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 firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. On average, equities research analysts expect that Plains All American Pipeline, L.P. will post $1.50 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a $0.55 dividend. The ex-dividend date was Thursday, July 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.57%. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is presently 165.41%.

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Several analysts recently issued reports on the company. Wolfe Research reissued a “market perform” rating on shares of Plains All American Pipeline, L.P. in a research note on Friday, April 21st. Macquarie restated an “outperform” rating and set a $36.00 price target on shares of Plains All American Pipeline, L.P. in a report on Friday, April 21st. Jefferies Group LLC cut Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $27.00 in a report on Friday, April 21st. Scotiabank restated a “buy” rating and set a $36.00 price target on shares of Plains All American Pipeline, L.P. in a report on Thursday, April 27th. Finally, Raymond James Financial, Inc. upgraded Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, May 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.82.

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)

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