Allianz Asset Management GmbH lifted its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 71.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,824 shares of the pipeline company’s stock after buying an additional 37,901 shares during the period. Allianz Asset Management GmbH’s holdings in Plains All American Pipeline were worth $1,925,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BB&T Investment Services Inc. acquired a new stake in Plains All American Pipeline in the 2nd quarter valued at $108,000. IHT Wealth Management LLC acquired a new stake in Plains All American Pipeline in the 2nd quarter valued at $118,000. Advisory Services Network LLC increased its holdings in Plains All American Pipeline by 5.1% in the 2nd quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after purchasing an additional 223 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in Plains All American Pipeline in the 2nd quarter valued at $127,000. Finally, Spectrum Management Group Inc. acquired a new stake in Plains All American Pipeline in the 3rd quarter valued at $142,000. Institutional investors and hedge funds own 43.41% of the company’s stock.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at $21.12 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78. Plains All American Pipeline, L.P. has a 12-month low of $18.38 and a 12-month high of $33.75. The firm has a market cap of $15,315.99, a PE ratio of 22.96 and a beta of 1.00.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. equities research analysts predict that Plains All American Pipeline, L.P. will post 1.14 earnings per share for the current year.

In other news, VP Chris Herbold sold 10,171 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total transaction of $205,962.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

PAA has been the subject of several recent research reports. BMO Capital Markets set a $25.00 price target on Plains All American Pipeline and gave the company a “buy” rating in a report on Tuesday, October 17th. Stifel Nicolaus set a $21.00 price target on Plains All American Pipeline and gave the company a “hold” rating in a report on Monday, August 28th. Bank of America lowered their price target on Plains All American Pipeline from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, August 28th. Robert W. Baird set a $20.00 price target on Plains All American Pipeline and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $24.00 price target on shares of Plains All American Pipeline in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.63.

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About Plains All American Pipeline

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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Institutional Ownership by Quarter for Plains All American Pipeline (NYSE:PAA)

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