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Plains All American Pipeline (PAA) Now Covered by Credit Suisse Group

14 January 2018

Atlantic Trust Group LLC now owns 6,669,879 shares of the pipeline company's stock worth $141,334,000 after buying an additional 1,668,416 shares during the period. The institutional investor held 180,000 shares of the energy company at the end of 2017Q3, valued at $3.81 million, up from 165,000 at the end of the previous reported quarter. The day began at US$0 but the price moved to US$0 at one point during the trading and finally capitulating to a session high of US$0. Chickasaw Capital Management LLC now owns 5,997,981 shares of the company's stock worth $164,884,000 after buying an additional 1,005,529 shares during the last quarter.

Shares of Plains All American Pipeline (NYSE PAA) traded up $0.38 during midday trading on Friday, reaching $23.96. It has underperformed by 5.20% the S&P500. The shares were sold at an average price of $20.25, for a total value of $205,962.75. The hedge fund run by Ryan Heslop held 521,950 shares of the finance company at the end of 2017Q3, valued at $32.04M, up from 150,000 at the end of the previous reported quarter. Walter & Keenan Financial Consulting Company who had been investing in 3M Co for a number of months, seems to be bullish on the $145.64 billion market cap company. The daily trading volume average remained 3.33 million shares over the course of 3 months. American International Group, Inc. 3M Company (NYSE:MMM) has risen 18.59% since January 12, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to report $0.43 EPS on February, 6.They anticipate $0.29 EPS change or 207.14% from last quarter's $0.14 EPS. For the past 5 years, the company's revenue has grown -10.1%, while the company's earnings per share has grown -29.3%. PAA's profit would be $311.83M giving it 13.71 P/E if the $0.43 EPS is correct. Comerica Natl Bank has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Chicago Partners Investment Group LLC now owns 255,532 shares of the pipeline company's stock worth $5,415,000 after purchasing an additional 59,632 shares in the last quarter. It also increased its holding in Crown Castle International Corp.

Ratings analysis reveals 37% of Plains All American Pipeline LP's analysts are positive. BMO Capital Markets set a $25.00 target price on shares of Plains All American Pipeline and gave the stock a "buy" rating in a report on Tuesday, October 17th. Plains All American Pipeline's quarterly revenue was up 13.6% on a year-over-year basis. sell-side analysts forecast that Plains All American Pipeline, L.P. will post 1.14 earnings per share for the current fiscal year. Jefferies maintained the stock with "Buy" rating in Monday, October 16 report. SunTrust Banks reissued a "hold" rating and set a $24.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 10th. The stock has "Hold" rating by Robert W. Baird on Thursday, October 12. The stock has "Perform" rating by Oppenheimer on Monday, December 21. Seaport Global Securities initiated coverage on shares of Plains All American Pipeline in a research note on Tuesday, October 10th. The stock of 3M Company (NYSE:MMM) has "Buy" rating given on Friday, April 28 by Credit Suisse. On Monday, January 18 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". The firm has "Overweight" rating by Morgan Stanley given on Tuesday, October 4.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.42, from 1.05 in 2017Q2. It worsened, as 62 investors sold PAA shares while 124 reduced holdings. 35 funds opened positions while 82 raised stakes. Plains All American Pipeline, L.P. has an average rating of "Hold" and an average target price of $31.01. 70,000 are held by Prtnrs Hldg Ag. Chickasaw Capital Management LLC increased its stake in Plains All American Pipeline, L.P.by 20.1% in the second quarter. On Friday, November 3 the stock rating was maintained by Stifel Nicolaus with "Hold". 6 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. (NYSE:PX). Sky Inv Grp Inc Ltd Company reported 36,632 shares stake. Connor Clark Lunn Mgmt owns 45,575 shares for 0.01% of their portfolio.

More news for Plains All American Pipeline, L.P. (NYSE:PAA) were recently published by: Bizjournals.com, which released: "Plains All American takes next step in succession plan" on January 10, 2018. The New York-based Wg Shaheen Associate Dba Whitney has invested 0.08% in Plains All American Pipeline, L.P. (NYSE:PAA). Kayne Anderson Capital Lp, California-based fund reported 10.70M shares. Perigon Wealth Management Limited Liability Company owns 1,635 shares for 0.01% of their portfolio. Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. They expect $0.86 earnings per share, 0.00% or $0.00 from last year's $0.86 per share.

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It increased, as 72 investors sold AIG shares while 293 reduced holdings. 116 funds opened positions while 640 raised stakes. Blackrock reported 2.61 million shares stake. Moreover, Walter And Keenan Consulting Mi Adv has 0.12% invested in American International Group, Inc. Duff & Phelps Investment Management Co. now owns 1,944,610 shares of the company's stock worth $61,080,000 after buying an additional 901,000 shares during the last quarter. Umb Commercial Bank N A Mo holds 38,883 shares or 0.03% of its portfolio. (NYSE:PX) for 14,500 shares. Heritage Wealth Advsr invested in 58,740 shares. The North Dakota-based Bell Bankshares has invested 0.07% in Praxair, Inc. Los Angeles Management And Equity Research Inc invested in 331,235 shares or 0.07% of the stock. (NYSE:AIG) for 376,642 shares. Baldwin Brothers Incorporated Ma invested 0.07% of its portfolio in Praxair, Inc. (NYSE:AIG) for 27,256 shares. Hbk Investments L P has 94,300 shares for 0.03% of their portfolio. Mariner Invest Gru Ltd Liability Corporation reported 291,900 shares. (NYSE:AIG) or 123,638 shares. Atlantic Trust Group LLC boosted its position in Plains All American Pipeline by 33.4% during the 3rd quarter. Guardian Life Insurance Of America has invested 0.04% in 3M Company (NYSE:MMM).

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Plains All American Pipeline (PAA) Now Covered by Credit Suisse Group