Today The Beacon Investment Advisory Services Inc. Has $1,186,000 Stake in Plains All American Pipeline, L.P. (PAA)

Today The Beacon Investment Advisory Services Inc. Has $1,186,000 Stake in Plains All American Pipeline, L.P. (PAA)

Beacon Investment Advisory Services Inc. maintained its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,750 shares of the company’s stock at the end of the third quarter. Plains All American Pipeline, L.P. makes up approximately 0.3% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 10th largest position. Beacon Investment Advisory Services Inc.’s holdings in Plains All American Pipeline, L.P. were worth $1,186,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HITE Hedge Asset Management LLC purchased a new position in shares of Plains All American Pipeline, L.P. during the second quarter worth approximately $693,000. First National Trust Co. purchased a new position in shares of Plains All American Pipeline, L.P. during the second quarter worth approximately $220,000. Goodwin Daniel L raised its position in shares of Plains All American Pipeline, L.P. by 17.0% in the second quarter. Goodwin Daniel L now owns 137,955 shares of the company’s stock worth $3,793,000 after buying an additional 20,000 shares during the last quarter. Daniel Devine & Co purchased a new position in shares of Plains All American Pipeline, L.P. during the second quarter worth approximately $256,000. Finally, Duff & Phelps Investment Management Co. raised its position in shares of Plains All American Pipeline, L.P. by 3.0% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,043,610 shares of the company’s stock worth $28,689,000 after buying an additional 30,000 shares during the last quarter. 67.97% of the stock is owned by institutional investors.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded down 0.31% during midday trading on Wednesday, hitting $32.05. The stock had a trading volume of 1,592,774 shares. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 62.97 and a beta of 0.90. Plains All American Pipeline, L.P. has a 52-week low of $14.82 and a 52-week high of $33.95. The firm’s 50 day moving average price is $32.13 and its 200 day moving average price is $30.38.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 6.84%. The ex-dividend date is Friday, January 27th. Plains All American Pipeline, L.P.’s payout ratio is 431.38%.

A number of equities analysts recently commented on PAA shares. Morgan Stanley raised Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $33.00 to $37.00 in a research note on Tuesday, October 4th. Wells Fargo & Company raised Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 5th. Deutsche Bank AG raised Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a research note on Monday, October 10th. Howard Weil increased their price target on Plains All American Pipeline, L.P. from $28.00 to $36.00 and gave the company a “sector outperform” rating in a research note on Monday, October 10th. Finally, Scotiabank reissued a “sector outperform” rating and set a $36.00 price target (up from $28.00) on shares of Plains All American Pipeline, L.P. in a research note on Monday, October 10th. Fourteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.55.

In related news, EVP John Vonberg sold 6,675 shares of Plains All American Pipeline, L.P. stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $32.56, for a total value of $217,338.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

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. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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