E&G Advisors LP Sells 1,000 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

E&G Advisors LP trimmed its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 5.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,600 shares of the pipeline company’s stock after selling 1,000 shares during the quarter. E&G Advisors LP’s holdings in Plains All American Pipeline were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PAA. Belvedere Advisors LLC bought a new stake in shares of Plains All American Pipeline in the 1st quarter worth approximately $30,000. Lenox Wealth Advisors LLC bought a new stake in shares of Plains All American Pipeline in the 3rd quarter worth approximately $32,000. Paragon Capital Management LLC lifted its holdings in shares of Plains All American Pipeline by 136.0% in the 2nd quarter. Paragon Capital Management LLC now owns 1,416 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 816 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Plains All American Pipeline in the 3rd quarter worth approximately $37,000. Finally, MCF Advisors LLC bought a new stake in shares of Plains All American Pipeline in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 50.41% of the company’s stock.

NYSE:PAA traded up $0.01 during midday trading on Thursday, reaching $19.17. 2,216,400 shares of the stock traded hands, compared to its average volume of 2,249,059. The company has a fifty day moving average of $21.15 and a 200 day moving average of $23.17. Plains All American Pipeline, L.P. has a 12 month low of $19.08 and a 12 month high of $25.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.00. The stock has a market capitalization of $14.42 billion, a P/E ratio of 10.20 and a beta of 1.02.



Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.23. Plains All American Pipeline had a net margin of 9.48% and a return on equity of 21.81%. The company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the business posted $0.27 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Plains All American Pipeline, L.P. will post 2.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 7.51%. Plains All American Pipeline’s dividend payout ratio is currently 76.60%.

PAA has been the subject of a number of recent research reports. Piper Jaffray Companies initiated coverage on shares of Plains All American Pipeline in a report on Wednesday, July 17th. They issued an “overweight” rating and a $31.00 price objective for the company. Scotia Howard Weill initiated coverage on shares of Plains All American Pipeline in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $28.00 price objective for the company. Stifel Nicolaus set a $25.00 price objective on shares of Plains All American Pipeline and gave the stock a “buy” rating in a report on Wednesday, August 7th. TheStreet lowered shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a report on Tuesday. Finally, Royal Bank of Canada lowered their price objective on shares of Plains All American Pipeline to $27.00 and set a “sector perform” rating for the company in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.73.

In related news, VP Chris Herbold sold 23,337 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $21.38, for a total transaction of $498,945.06. Following the completion of the sale, the vice president now directly owns 79,564 shares in the company, valued at approximately $1,701,078.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

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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