US Bancorp DE boosted its stake in Plains All American Pipeline, L.P. (NYSE:PAA – Get Rating) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,596 shares of the pipeline company's stock after buying an additional 1,085 shares during the quarter. US Bancorp DE's holdings in Plains All American Pipeline were worth $1,008,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Invesco Ltd. boosted its stake in Plains All American Pipeline by 25.6% in the 4th quarter. Invesco Ltd. now owns 12,534,975 shares of the pipeline company's stock valued at $117,077,000 after buying an additional 2,556,325 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in Plains All American Pipeline by 12.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,586,650 shares of the pipeline company's stock valued at $92,393,000 after purchasing an additional 950,592 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in Plains All American Pipeline by 30.3% in the 1st quarter. Duff & Phelps Investment Management Co. now owns 3,179,900 shares of the pipeline company's stock valued at $34,216,000 after purchasing an additional 740,000 shares during the last quarter. Longfellow Investment Management Co. LLC raised its position in Plains All American Pipeline by 35.7% in the 4th quarter. Longfellow Investment Management Co. LLC now owns 2,859,641 shares of the pipeline company's stock valued at $26,710,000 after purchasing an additional 752,342 shares during the last quarter. Finally, Miller Howard Investments Inc. NY raised its position in Plains All American Pipeline by 1.5% in the 1st quarter. Miller Howard Investments Inc. NY now owns 2,610,217 shares of the pipeline company's stock valued at $28,086,000 after purchasing an additional 39,148 shares during the last quarter. Institutional investors and hedge funds own 41.52% of the company's stock.

Insider Activity at Plains All American Pipeline

In other Plains All American Pipeline news, Director Kevin S. Mccarthy bought 200,000 shares of the firm's stock in a transaction on Thursday, June 23rd. The stock was purchased at an average cost of $9.81 per share, with a total value of $1,962,000.00. Following the completion of the purchase, the director now owns 200,000 shares in the company, valued at $1,962,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Plains All American Pipeline Trading Down 1.5 %

Plains All American Pipeline (NYSE:PAA – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The pipeline company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. Plains All American Pipeline had a return on equity of 9.50% and a net margin of 1.36%. During the same period in the prior year, the firm earned $0.23 earnings per share. Research analysts forecast that Plains All American Pipeline, L.P. will post 1.1 EPS for the current year.

Plains All American Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were issued a $0.2175 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.87 dividend on an annualized basis and a yield of 7.46%. Plains All American Pipeline's dividend payout ratio is presently 106.10%.

Analysts Set New Price Targets

Several brokerages have issued reports on PAA. Royal Bank of Canada lifted their price objective on Plains All American Pipeline from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 17th. Credit Suisse Group upgraded Plains All American Pipeline from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $13.00 to $14.00 in a research report on Thursday, May 12th. Mizuho lifted their price objective on Plains All American Pipeline from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, August 8th. StockNews.com upgraded Plains All American Pipeline from a "hold" rating to a "buy" rating in a research report on Thursday, August 11th. Finally, TD Securities boosted their target price on Plains All American Pipeline from $14.00 to $14.50 and gave the stock a "buy" rating in a research report on Thursday, August 4th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $14.38.

Plains All American Pipeline Company Profile

(Get Rating)

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars.

Read More

• Get a free copy of the StockNews.com research report on Plains All American Pipeline (PAA)
• 3 Low Beta Defensive Stocks for a Tough Market
• It Could Be a September to Remember for These 3 Stocks
• Can Roblox Reverse its Falling Bookings Amid Rising Engagements
• Peak Inflation Sets the Bottom for Brinker International Stock
• Broadcom Bounces From Institutional Bottom

Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.