Parkside Financial Bank & Trust Has $1.43 Million Stake in Plains All American Pipeline, L.P. (NYSE:PAA)

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Parkside Financial Bank & Trust increased its stake in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 21.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,998 shares of the pipeline company’s stock after acquiring an additional 12,043 shares during the period. Parkside Financial Bank & Trust’s holdings in Plains All American Pipeline were worth $1,432,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PAA. Nuveen Asset Management LLC grew its position in Plains All American Pipeline by 69,956.9% in the second quarter. Nuveen Asset Management LLC now owns 6,103,360 shares of the pipeline company’s stock valued at $142,098,000 after purchasing an additional 6,094,648 shares in the last quarter. Invesco Ltd. grew its position in Plains All American Pipeline by 1,336.6% in the second quarter. Invesco Ltd. now owns 4,233,971 shares of the pipeline company’s stock valued at $103,096,000 after purchasing an additional 3,939,254 shares in the last quarter. Wells Fargo & Company MN grew its position in Plains All American Pipeline by 119.1% in the second quarter. Wells Fargo & Company MN now owns 4,839,716 shares of the pipeline company’s stock valued at $117,848,000 after purchasing an additional 2,631,293 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Plains All American Pipeline by 5.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 39,904,482 shares of the pipeline company’s stock valued at $971,674,000 after purchasing an additional 2,014,541 shares in the last quarter. Finally, Chickasaw Capital Management LLC grew its position in Plains All American Pipeline by 19.1% in the second quarter. Chickasaw Capital Management LLC now owns 9,784,469 shares of the pipeline company’s stock valued at $238,252,000 after purchasing an additional 1,572,459 shares in the last quarter. Institutional investors and hedge funds own 50.46% of the company’s stock.

In other news, VP Chris Herbold sold 23,337 shares of Plains All American Pipeline stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $21.38, for a total value of $498,945.06. Following the completion of the transaction, the vice president now owns 79,564 shares of the company’s stock, valued at approximately $1,701,078.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus set a $25.00 target price on shares of Plains All American Pipeline and gave the company a “buy” rating in a research report on Wednesday, August 7th. TheStreet downgraded shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a research report on Tuesday, October 8th. Scotiabank assumed coverage on shares of Plains All American Pipeline in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $28.00 target price for the company. Scotia Howard Weill assumed coverage on shares of Plains All American Pipeline in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $28.00 target price for the company. Finally, Raymond James decreased their target price 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. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Plains All American Pipeline has a consensus rating of “Buy” and an average target price of $26.73.

Shares of PAA traded down $0.16 during midday trading on Friday, reaching $18.19. The stock had a trading volume of 2,920,500 shares, compared to its average volume of 2,354,946. The firm has a 50 day simple moving average of $19.62 and a 200-day simple moving average of $22.33. Plains All American Pipeline, L.P. has a one year low of $17.78 and a one year high of $25.27. The firm has a market cap of $13.21 billion, a PE ratio of 9.68 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.13. Plains All American Pipeline had a net margin of 8.95% and a return on equity of 21.31%. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was down 10.3% on a year-over-year basis. As a group, research analysts forecast that Plains All American Pipeline, L.P. will post 2.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend is Wednesday, October 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 76.60%.

Plains All American Pipeline 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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