Homrich & Berg Has $572,000 Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

Homrich & Berg lifted its holdings in Plains All American Pipeline, L.P. (NYSE:PAA) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,550 shares of the pipeline company’s stock after purchasing an additional 1,683 shares during the period. Homrich & Berg’s holdings in Plains All American Pipeline were worth $572,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Atwater Malick LLC acquired a new position in Plains All American Pipeline during the 3rd quarter worth $25,000. Garrett Wealth Advisory Group LLC acquired a new position in Plains All American Pipeline during the 3rd quarter worth $26,000. Lenox Wealth Advisors LLC acquired a new position in Plains All American Pipeline during the 3rd quarter worth $32,000. Paragon Capital Management LLC lifted its position in Plains All American Pipeline by 136.0% during 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. Finally, North Star Investment Management Corp. acquired a new position in Plains All American Pipeline during the 3rd quarter worth $37,000. 50.62% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on PAA. ValuEngine raised shares of Plains All American Pipeline from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. TheStreet lowered shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a research report on Tuesday, October 8th. Stifel Nicolaus set a $25.00 price objective on shares of Plains All American Pipeline and gave the company a “buy” rating in a research report on Wednesday, August 7th. Raymond James cut their price objective on shares of Plains All American Pipeline from $29.00 to $27.00 and set a “strong-buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Scotia Howard Weill initiated coverage on shares of Plains All American Pipeline in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $28.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Plains All American Pipeline currently has a consensus rating of “Buy” and a consensus price target of $26.73.

Shares of PAA traded down $0.14 during trading hours on Wednesday, reaching $17.44. 110,051 shares of the company traded hands, compared to its average volume of 2,368,231. The stock’s fifty day moving average is $19.41 and its 200 day moving average is $22.24. The stock has a market cap of $12.90 billion, a P/E ratio of 9.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.00. Plains All American Pipeline, L.P. has a 1-year low of $17.56 and a 1-year high of $25.27.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, November 5th. The pipeline company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $8.05 billion. Plains All American Pipeline had a net margin of 8.95% and a return on equity of 21.31%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. On average, equities research analysts predict that Plains All American Pipeline, L.P. will post 2.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be paid a $0.36 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 8.26%. Plains All American Pipeline’s payout ratio is currently 76.60%.

About Plains All American Pipeline

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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