Advisory Research Inc. lowered its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 16.8% in the fourth quarter, HoldingsChannel reports. The firm owned 5,037,360 shares of the pipeline company’s stock after selling 1,016,823 shares during the quarter. Plains All American Pipeline comprises 1.7% of Advisory Research Inc.’s holdings, making the stock its 12th largest position. Advisory Research Inc.’s holdings in Plains All American Pipeline were worth $103,971,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Advisory Services Network LLC grew its stake in shares of Plains All American Pipeline by 5.1% during the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after purchasing an additional 223 shares in the last quarter. Commonwealth Equity Services Inc grew its stake in shares of Plains All American Pipeline by 3.9% during the third quarter. Commonwealth Equity Services Inc now owns 65,781 shares of the pipeline company’s stock worth $1,393,000 after purchasing an additional 2,467 shares in the last quarter. LVW Advisors LLC grew its stake in shares of Plains All American Pipeline by 13.9% during the third quarter. LVW Advisors LLC now owns 20,250 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 2,475 shares in the last quarter. Syntal Capital Partners LLC grew its stake in shares of Plains All American Pipeline by 34.7% during the third quarter. Syntal Capital Partners LLC now owns 10,733 shares of the pipeline company’s stock worth $227,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Sippican Capital Advisors grew its stake in shares of Plains All American Pipeline by 15.2% during the fourth quarter. Sippican Capital Advisors now owns 22,020 shares of the pipeline company’s stock worth $454,000 after purchasing an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 42.65% of the company’s stock.

A number of equities analysts recently commented on PAA shares. Seaport Global Securities upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $25.00 in a research note on Thursday, February 8th. Jefferies Group restated a “buy” rating and issued a $25.00 price objective on shares of Plains All American Pipeline in a research note on Friday, January 12th. BMO Capital Markets set a $25.00 price objective on shares of Plains All American Pipeline and gave the company a “buy” rating in a research note on Tuesday, October 17th. Barclays downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective for the company. in a research note on Wednesday, January 17th. Finally, SunTrust Banks restated a “hold” rating and issued a $24.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.79.

Shares of Plains All American Pipeline, L.P. (PAA) opened at $22.39 on Wednesday. Plains All American Pipeline, L.P. has a 12 month low of $18.38 and a 12 month high of $33.01. The firm has a market cap of $16,240.00, a PE ratio of 24.34 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16). Plains All American Pipeline had a return on equity of 9.93% and a net margin of 3.26%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the company posted $0.37 EPS. Plains All American Pipeline’s quarterly revenue was up 27.8% on a year-over-year basis. research analysts expect that Plains All American Pipeline, L.P. will post 1.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.36%. Plains All American Pipeline’s dividend payout ratio (DPR) is 130.43%.

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Plains All American Pipeline Profile

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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