Plains All American Pipeline, L.P. (PAA) Stake Lowered by Edge Wealth Management LLC

Edge Wealth Management LLC decreased its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 39.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the pipeline company’s stock after selling 6,650 shares during the quarter. Edge Wealth Management LLC’s holdings in Plains All American Pipeline were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. lifted its position in Plains All American Pipeline by 7.0% in the 3rd quarter. Alps Advisors Inc. now owns 37,545,329 shares of the pipeline company’s stock worth $939,009,000 after buying an additional 2,450,636 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Plains All American Pipeline by 21.2% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 36,218,579 shares of the pipeline company’s stock worth $905,827,000 after buying an additional 6,343,995 shares during the last quarter. Brookfield Asset Management Inc. lifted its position in Plains All American Pipeline by 3.0% in the 3rd quarter. Brookfield Asset Management Inc. now owns 10,057,467 shares of the pipeline company’s stock worth $251,538,000 after buying an additional 292,992 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Plains All American Pipeline by 11.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,466,283 shares of the pipeline company’s stock worth $211,742,000 after buying an additional 867,304 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its position in Plains All American Pipeline by 1.9% in the 3rd quarter. Chickasaw Capital Management LLC now owns 6,151,434 shares of the pipeline company’s stock worth $153,847,000 after buying an additional 113,603 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Shares of Plains All American Pipeline stock opened at $23.41 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.01. The company has a market cap of $17.47 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. Plains All American Pipeline, L.P. has a 52 week low of $19.33 and a 52 week high of $27.70.



Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Tuesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $7.82 billion. Plains All American Pipeline had a return on equity of 14.72% and a net margin of 3.92%. The firm’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, equities analysts predict that Plains All American Pipeline, L.P. will post 1.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, January 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.13%. Plains All American Pipeline’s dividend payout ratio is presently 127.66%.

A number of analysts recently weighed in on PAA shares. Zacks Investment Research upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, October 22nd. ValuEngine upgraded Plains All American Pipeline from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. Wolfe Research upgraded Plains All American Pipeline from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 26th. Finally, Morgan Stanley set a $30.00 target price on Plains All American Pipeline and gave the stock a “buy” rating in a research report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $27.83.

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Plains All American Pipeline Company 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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