Whittier Trust Co. Maintains Position in Plains All American Pipeline, L.P. (NYSE:PAA)

Whittier Trust Co. held its stake in Plains All American Pipeline, L.P. (NYSE:PAA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,912 shares of the pipeline company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Plains All American Pipeline, L.P. were worth $260,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in PAA. Morgan Stanley raised its stake in Plains All American Pipeline, L.P. by 37.2% in the first quarter. Morgan Stanley now owns 14,058,014 shares of the pipeline company’s stock valued at $444,373,000 after buying an additional 3,808,889 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Plains All American Pipeline, L.P. by 0.8% in the first quarter. Kayne Anderson Capital Advisors LP now owns 10,982,925 shares of the pipeline company’s stock valued at $347,165,000 after buying an additional 91,200 shares in the last quarter. UBS Group AG increased its stake in Plains All American Pipeline, L.P. by 12.5% in the first quarter. UBS Group AG now owns 9,370,040 shares of the pipeline company’s stock valued at $296,187,000 after buying an additional 1,038,051 shares during the period. Bank of America Corp DE increased its stake in Plains All American Pipeline, L.P. by 24.1% in the first quarter. Bank of America Corp DE now owns 8,648,721 shares of the pipeline company’s stock valued at $273,386,000 after buying an additional 1,680,480 shares during the period. Finally, Bank of Montreal Can increased its stake in Plains All American Pipeline, L.P. by 50.4% in the second quarter. Bank of Montreal Can now owns 7,853,634 shares of the pipeline company’s stock valued at $206,315,000 after buying an additional 2,631,118 shares during the period. Institutional investors own 43.94% of the company’s stock.

Plains All American Pipeline, L.P. (NYSE PAA) traded down 0.68% during mid-day trading 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. Plains All American Pipeline, L.P. has a 52 week low of $18.82 and a 52 week high of $33.95. The stock’s 50-day moving average price is $24.71 and its 200 day moving average price is $28.14.

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 the Zacks’ consensus estimate of $0.26 by $0.05. The company had revenue of $6.08 billion for 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 quarter in the previous year, the business posted ($0.12) EPS. On average, equities research analysts predict that Plains All American Pipeline, L.P. will post $1.50 EPS for the current year.

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

ILLEGAL ACTIVITY WARNING: This report was first reported by BNB Daily and is the property of of BNB Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/20/whittier-trust-co-holds-position-in-plains-all-american-pipeline-l-p-nysepaa-updated-updated-updated.html.

Several equities research analysts have commented on PAA shares. Scotiabank reissued a “buy” rating and issued a $36.00 target price on shares of Plains All American Pipeline, L.P. in a report on Thursday, April 27th. UBS AG reissued a “buy” rating and issued a $33.00 target price (down from $34.00) on shares of Plains All American Pipeline, L.P. in a report on Wednesday, May 10th. Deutsche Bank AG dropped their target price on Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, May 30th. 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. Finally, Raymond James Financial, Inc. set a $24.00 target price on Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.82.

Plains All American Pipeline, L.P. 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.

Institutional Ownership by Quarter for Plains All American Pipeline, L.P. (NYSE:PAA)

Receive News & Ratings for Plains All American Pipeline L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply