Regent Investment Management LLC increased its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) by 32.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,200 shares of the pipeline company’s stock after acquiring an additional 4,200 shares during the quarter. Regent Investment Management LLC’s holdings in Plains All American Pipeline were worth $419,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PAA. Executive Wealth Management LLC acquired a new stake in shares of Plains All American Pipeline during the fourth quarter valued at approximately $28,000. Belvedere Advisors LLC acquired a new position in Plains All American Pipeline in the 1st quarter valued at approximately $30,000. Zions Bancorporation N.A. acquired a new position in Plains All American Pipeline in the 1st quarter valued at approximately $48,000. Enterprise Financial Services Corp increased its stake in Plains All American Pipeline by 71.5% in the 1st quarter. Enterprise Financial Services Corp now owns 2,039 shares of the pipeline company’s stock valued at $50,000 after buying an additional 850 shares during the period. Finally, Interactive Financial Advisors acquired a new position in Plains All American Pipeline in the 1st quarter valued at approximately $62,000. Institutional investors and hedge funds own 48.63% of the company’s stock.

PAA stock traded down $0.42 during trading hours on Monday, hitting $24.18. The company’s stock had a trading volume of 88,873 shares, compared to its average volume of 1,682,226. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 0.90. The stock has a market cap of $17.71 billion, a P/E ratio of 12.81 and a beta of 1.01. Plains All American Pipeline, L.P. has a 12 month low of $19.33 and a 12 month high of $27.70. The stock has a 50 day moving average of $24.26.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, May 7th. The pipeline company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.10. The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.77 billion. Plains All American Pipeline had a net margin of 8.51% and a return on equity of 20.70%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, analysts predict that Plains All American Pipeline, L.P. will post 2.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Tuesday, July 30th. Plains All American Pipeline’s dividend payout ratio is currently 76.60%.

Several research firms have weighed in on PAA. Piper Jaffray Companies dropped their price objective on shares of Inovio Pharmaceuticals from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Wolfe Research lowered shares of Enbridge from an “outperform” rating to a “peer perform” rating and set a $37.00 price objective on the stock. in a research note on Thursday, June 13th. Finally, Royal Bank of Canada reiterated an “equal weight” rating on shares of Lululemon Athletica in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $28.79.

In related news, insider Emg Investment, Llc sold 8,179,284 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $23.10, for a total transaction of $188,941,460.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Plains All American Pipeline Company 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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