Institutional Investors Love Plains All American Pipeline LP (NYSE:PAA)

July 16, 2018 - By Palma Niemeyer

Sentiment for Plains All American Pipeline LP (NYSE:PAA)

Plains All American Pipeline LP (NYSE:PAA) institutional sentiment increased to 0.95 in 2018 Q1. Its up 0.23, from 0.72 in 2017Q4. The ratio improved, as 121 institutional investors increased and started new positions, while 128 trimmed and sold stakes in Plains All American Pipeline LP. The institutional investors in our partner’s database now possess: 318.52 million shares, up from 311.82 million shares in 2017Q4. Also, the number of institutional investors holding Plains All American Pipeline LP in their top 10 positions increased from 8 to 13 for an increase of 5. Sold All: 45 Reduced: 83 Increased: 88 New Position: 33.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids , natural gas, and refined products in the United States and Canada. The company has market cap of $16.96 billion. The Company’s Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. It has a 24.61 P/E ratio. As of December 31, 2016, this segment owned and leased 19,200 miles of active crude oil and NGL pipelines and gathering systems; 31 million barrels of active and above-ground tank capacity; 810 trailers; 120 transport and storage barges; and 60 transport tugs.

The stock decreased 0.64% or $0.15 during the last trading session, reaching $23.38. About 661,720 shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has declined 14.41% since July 16, 2017 and is downtrending. It has underperformed by 26.98% the S&P500.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on August, 6. They expect $0.23 earnings per share, up 9.52 % or $0.02 from last year’s $0.21 per share. PAA’s profit will be $166.88M for 25.41 P/E if the $0.23 EPS becomes a reality. After $0.36 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts -36.11 % negative EPS growth.

Harvest Fund Advisors Llc holds 8.38% of its portfolio in Plains All American Pipeline, L.P. for 32.70 million shares. C V Starr & Co Inc owns 70,000 shares or 7.33% of their US portfolio. Moreover, Alps Advisors Inc has 5.82% invested in the company for 33.18 million shares. The Texas-based Trust Asset Management Llc has invested 5.14% in the stock. Tortoise Capital Advisors L.L.C., a Kansas-based fund reported 28.80 million shares.

Plains All American Pipeline, L.P. (NYSE:PAA) Ratings Coverage

Ratings analysis reveals 50% of Plains All American’s analysts are positive. Out of 12 Wall Street analysts rating Plains All American, 6 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $22.0 while the high is $29. The stock’s average target of $25.22 is 7.87% above today’s ($23.38) share price. PAA was included in 15 notes of analysts from January 17, 2018. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, May 9. The rating was upgraded by SunTrust to “Buy” on Monday, April 9. As per Thursday, February 8, the company rating was maintained by Bank of America. The rating was maintained by JP Morgan on Tuesday, March 13 with “Overweight”. The firm earned “Buy” rating on Thursday, February 8 by Seaport Global. The rating was maintained by Morgan Stanley on Friday, June 1 with “Overweight”. RBC Capital Markets maintained Plains All American Pipeline, L.P. (NYSE:PAA) on Thursday, February 8 with “Hold” rating. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Buy” rating by UBS on Friday, March 2. The company was maintained on Wednesday, February 7 by Robert W. Baird. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Hold” rating given on Thursday, February 8 by Stifel Nicolaus.

Plains All American Pipeline, L.P. (NYSE:PAA) Institutional Positions Chart

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