Plains All American Pipeline, L.P. (PAA) Stake Maintained by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. held its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,034,610 shares of the pipeline company’s stock at the end of the second quarter. Duff & Phelps Investment Management Co. owned 0.28% of Plains All American Pipeline, L.P. worth $53,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Trust N.A. bought a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $229,000. Winslow Evans & Crocker Inc. raised its stake in Plains All American Pipeline, L.P. by 2.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 9,866 shares of the pipeline company’s stock valued at $312,000 after buying an additional 250 shares during the period. Baldwin Brothers Inc. MA raised its stake in Plains All American Pipeline, L.P. by 19.5% in the first quarter. Baldwin Brothers Inc. MA now owns 25,709 shares of the pipeline company’s stock valued at $813,000 after buying an additional 4,200 shares during the period. Americafirst Capital Management LLC bought a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $199,000. Finally, Regent Investment Management LLC bought a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $468,000. 44.01% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at 20.40 on Friday. The stock has a 50 day moving average price of $25.48 and a 200 day moving average price of $28.57. The stock has a market cap of $14.79 billion, a P/E ratio of 15.74 and a beta of 0.95. Plains All American Pipeline, L.P. has a 52-week low of $20.00 and a 52-week high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings results 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 analyst estimates of $5.50 billion. Plains All American Pipeline, L.P. had a return on equity of 10.14% and a net margin of 4.42%. The business’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. On average, equities research analysts forecast that Plains All American Pipeline, L.P. will post $1.61 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date of this dividend is Thursday, July 27th. Plains All American Pipeline, L.P.’s dividend payout ratio is currently 165.41%.

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Several analysts recently commented on the company. Guggenheim assumed coverage on Plains All American Pipeline, L.P. in a report on Monday, April 17th. They set a “neutral” rating and a $28.00 target price on the stock. UBS AG raised Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. 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. Barclays PLC raised Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 target price on shares of Plains All American Pipeline, L.P. in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.19.

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)

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