Plains All American Pipeline, L.P. (NYSE:PAA) Shares Sold by Telemus Capital LLC

Telemus Capital LLC cut its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,960 shares of the pipeline company’s stock after selling 873 shares during the period. Telemus Capital LLC’s holdings in Plains All American Pipeline, L.P. were worth $209,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Comerica Bank increased its stake in Plains All American Pipeline, L.P. by 0.7% in the first quarter. Comerica Bank now owns 8,130 shares of the pipeline company’s stock worth $239,000 after buying an additional 57 shares during the last quarter. Arcus Capital Partners LLC raised its position in shares of Plains All American Pipeline, L.P. by 1.2% in the first quarter. Arcus Capital Partners LLC now owns 6,598 shares of the pipeline company’s stock worth $209,000 after buying an additional 78 shares during the period. Syntal Capital Partners LLC raised its position in shares of Plains All American Pipeline, L.P. by 1.1% in the first quarter. Syntal Capital Partners LLC now owns 9,132 shares of the pipeline company’s stock worth $288,000 after buying an additional 100 shares during the period. Cedar Wealth Management LLC raised its position in shares of Plains All American Pipeline, L.P. by 1.9% in the first quarter. Cedar Wealth Management LLC now owns 9,060 shares of the pipeline company’s stock worth $286,000 after buying an additional 170 shares during the period. Finally, Endurance Wealth Management Inc. raised its position in shares of Plains All American Pipeline, L.P. by 0.3% in the first quarter. Endurance Wealth Management Inc. now owns 67,320 shares of the pipeline company’s stock worth $2,128,000 after buying an additional 175 shares during the period. Institutional investors own 44.01% of the company’s stock.

Plains All American Pipeline, L.P. (NYSE PAA) opened at 25.20 on Tuesday. Plains All American Pipeline, L.P. has a 12-month low of $23.21 and a 12-month high of $33.95. The firm’s 50-day moving average is $25.75 and its 200 day moving average is $28.97. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 23.42 and a beta of 0.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 6.66% and a return on equity of 20.01%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period last year, the company posted ($0.12) EPS. On average, equities analysts expect that Plains All American Pipeline, L.P. will post $1.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date is Thursday, July 27th. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is presently 239.13%.

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A number of brokerages recently issued reports on PAA. UBS AG upgraded shares of Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price objective on shares of Plains All American Pipeline, L.P. in a report on Wednesday, July 19th. Scotiabank set a $36.00 price objective on shares of Plains All American Pipeline, L.P. and gave the company a “buy” rating in a report on Saturday, July 22nd. BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $28.00 price objective (up previously from $27.00) on shares of Plains All American Pipeline, L.P. in a report on Friday, July 21st. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.83.

About Plains All American Pipeline, L.P.

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, L.P. (NYSE:PAA)

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