Plains All American Pipeline, L.P. (PAA) Position Boosted by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in Plains All American Pipeline, L.P. (NYSE:PAA) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,235 shares of the pipeline company’s stock after buying an additional 19,100 shares during the quarter. Toronto Dominion Bank’s holdings in Plains All American Pipeline, L.P. were worth $8,043,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Plains All American Pipeline, L.P. by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,872,670 shares of the pipeline company’s stock valued at $101,735,000 after buying an additional 19,466 shares in the last quarter. Rothschild Investment Corp IL boosted its position in Plains All American Pipeline, L.P. by 3.1% during the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock worth $2,626,000 after purchasing an additional 3,050 shares during the period. Bollard Group LLC boosted its position in Plains All American Pipeline, L.P. by 2.0% during the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock worth $8,754,000 after purchasing an additional 6,461 shares during the period. Bridges Investment Counsel Inc. boosted its position in Plains All American Pipeline, L.P. by 131.4% during the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock worth $818,000 after purchasing an additional 17,685 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in Plains All American Pipeline, L.P. by 18.4% during the second quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock worth $5,839,000 after purchasing an additional 30,403 shares during the period. 41.69% of the stock is owned by institutional investors and hedge funds.

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Shares of Plains All American Pipeline, L.P. (PAA) traded up 2.94% during mid-day trading on Friday, reaching $19.93. The company had a trading volume of 1,091,572 shares. Plains All American Pipeline, L.P. has a 12-month low of $18.77 and a 12-month high of $33.95. The firm has a market capitalization of $14.44 billion, a PE ratio of 15.38 and a beta of 0.98. The stock has a 50 day moving average price of $21.32 and a 200 day moving average price of $24.61.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate 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 firm’s revenue was up 22.8% compared to the same quarter last year. During the same period last year, the business posted ($0.12) EPS. On average, equities analysts forecast that Plains All American Pipeline, L.P. will post $1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.30 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 annualized dividend and a yield of 6.20%. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is presently 165.41%.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $25.00 target price on shares of Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research report on Tuesday, October 17th. Scotia Howard Weill reissued a “sector perform” rating on shares of Plains All American Pipeline, L.P. in a research report on Tuesday, August 8th. Jefferies Group LLC raised shares of Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and reduced their target price for the company from $28.00 to $23.00 in a research report on Monday, August 21st. Raymond James Financial, Inc. set a $24.00 target price on shares of Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $30.00 target price on shares of Plains All American Pipeline, L.P. in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.60.

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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