Plains All American Pipeline, L.P. (PAA) Position Raised by Botty Investors LLC

Botty Investors LLC raised its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 27.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,945 shares of the pipeline company’s stock after buying an additional 3,470 shares during the period. Botty Investors LLC’s holdings in Plains All American Pipeline, L.P. were worth $502,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PAA. Founders Capital Management acquired a new stake in shares of Plains All American Pipeline, L.P. during the first quarter worth approximately $101,000. Trust Co. of Vermont increased its stake in Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock worth $107,000 after buying an additional 3,150 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Plains All American Pipeline, L.P. by 23.3% in the first quarter. Parkside Financial Bank & Trust now owns 4,228 shares of the pipeline company’s stock worth $134,000 after buying an additional 800 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Plains All American Pipeline, L.P. during the first quarter worth about $139,000. Finally, Sunbelt Securities Inc. purchased a new stake in Plains All American Pipeline, L.P. during the fourth quarter worth about $150,000. 43.67% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Plains All American Pipeline, L.P. (NYSE:PAA)

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded down 4.48% on Tuesday, reaching $23.45. The company had a trading volume of 3,856,818 shares. The stock’s 50 day moving average is $26.87 and its 200 day moving average is $30.36. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 21.79 and a beta of 0.95. Plains All American Pipeline, L.P. has a 52 week low of $23.21 and a 52 week high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its quarterly earnings data on Monday, May 8th. The pipeline company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.09. Plains All American Pipeline, L.P. had a net margin of 4.26% and a return on equity of 9.52%. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 62.2% on a year-over-year basis. On average, equities analysts anticipate that Plains All American Pipeline, L.P. will post $1.68 EPS for the current year.

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A number of research firms have recently commented on PAA. Deutsche Bank AG cut their price target on Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, May 30th. Scotiabank reissued a “buy” rating and set a $36.00 price objective on shares of Plains All American Pipeline, L.P. in a research note on Thursday, April 27th. Jefferies Group LLC lowered Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $27.00 in a research note on Friday, April 21st. Macquarie reissued an “outperform” rating and set a $36.00 price objective on shares of Plains All American Pipeline, L.P. in a research note on Friday, April 21st. Finally, Stifel Nicolaus dropped their price target on Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, May 10th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.88.

Plains All American Pipeline, L.P. Company 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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