Plains All Amern Pipeline L (PAA) Market Valuation Rose While Tiedemann Wealth Management LLC Has Cut Stake by $7.71 Million

July 27, 2018 - By Lisa Delgado

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.23, from 0.72 in 2017Q4. It improved, as 45 investors sold PAA shares while 83 reduced holdings. 33 funds opened positions while 88 raised stakes. 318.52 million shares or 2.15% more from 311.82 million shares in 2017Q4 were reported. Trust Asset Limited Liability Com holds 574,209 shares or 5.14% of its portfolio. Exane Derivatives invested 0% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Enterprise Svcs Corp invested 0.05% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Commonwealth Of Pennsylvania School Empls Retrmt System stated it has 6.44M shares. Ameriprise Financial, Minnesota-based fund reported 39,338 shares. Edge Wealth Management Ltd Liability reported 11,570 shares stake. Miller Howard holds 2.72M shares or 1.42% of its portfolio. Investment House Limited Liability Corp holds 0.08% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 30,010 shares. Invesco Ltd has 107,930 shares for 0% of their portfolio. Northern Trust Corporation holds 0% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 628,354 shares. Moreover, Aristotle Management Lc has 0% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 1,000 shares. Moreover, Tower Capital Limited Liability (Trc) has 0% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 1,200 shares. Cordasco Fincl reported 142 shares stake. Advisory invested in 5.20M shares. 11,527 are held by First National Trust Company.

Tiedemann Wealth Management Llc decreased its stake in Plains All Amern Pipeline L (PAA) by 83.86% based on its latest 2018Q1 regulatory filing with the SEC. Tiedemann Wealth Management Llc sold 350,616 shares as the company’s stock rose 6.74% while stock markets declined. The institutional investor held 67,483 shares of the energy company at the end of 2018Q1, valued at $1.49M, down from 418,099 at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Plains All Amern Pipeline L for a number of months, seems to be less bullish one the $18.03 billion market cap company. The stock increased 1.97% or $0.48 during the last trading session, reaching $24.85. About 1.55 million shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has declined 14.41% since July 27, 2017 and is downtrending. It has underperformed by 26.98% the S&P500.

Tiedemann Wealth Management Llc, which manages about $5.35B and $1.46 billion US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 18,017 shares to 59,649 shares, valued at $10.01M in 2018Q1, according to the filing. It also increased its holding in Schwab Strategic Tr (FNDX) by 83,511 shares in the quarter, for a total of 817,891 shares, and has risen its stake in Kinder Morgan Inc Del (NYSE:KMI).

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on August, 7 after the close. They expect $0.23 EPS, up 9.52 % or $0.02 from last year’s $0.21 per share. PAA’s profit will be $166.89 million for 27.01 P/E if the $0.23 EPS becomes a reality. After $0.36 actual EPS reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts -36.11 % negative EPS growth.

More news for Plains All American Pipeline, L.P. (NYSE:PAA) were recently published by: Investorplace.com, which released: “4 Top Stocks to Buy for Explosive Earnings Acceleration” on July 26, 2018. Fool.com‘s article titled: “This Oil Company Is About to Cash In on the Permian’s Pipeline Capacity Shortage” and published on July 26, 2018 is yet another important article.

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

Among 11 analysts covering Plains All American (NYSE:PAA), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Plains All American has $29 highest and $22.0 lowest target. $25.22’s average target is 1.49% above currents $24.85 stock price. Plains All American had 15 analyst reports since February 8, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Overweight” on Friday, June 1. The stock has “Hold” rating by Jefferies on Wednesday, April 25. SunTrust upgraded the shares of PAA in report on Monday, April 9 to “Buy” rating. The firm earned “Buy” rating on Friday, March 2 by UBS. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Buy” rating given on Tuesday, March 6 by Stifel Nicolaus. The rating was upgraded by Seaport Global to “Buy” on Thursday, February 8. Bank of America maintained Plains All American Pipeline, L.P. (NYSE:PAA) on Thursday, February 8 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Thursday, February 8 with “Hold”. The firm has “Overweight” rating by JP Morgan given on Tuesday, March 13. Morgan Stanley upgraded Plains All American Pipeline, L.P. (NYSE:PAA) on Tuesday, February 13 to “Buy” rating.

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

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