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Main » Plains All American Pipeline (NYSE:PAA) Coverage Initiated at Credit Suisse Group

Plains All American Pipeline (NYSE:PAA) Coverage Initiated at Credit Suisse Group

19 January 2018

The institutional investor held 120,005 shares of the energy company at the end of 2017Q3, valued at $2.54 million, down from 225,173 at the end of the previous reported quarter. The stock decreased 0.73% or $9.99 during the last trading session, reaching $1360. 2,670,400 shares of the company's stock traded hands, compared to its average volume of 3,564,283. Malibu Boats, Inc. (NASDAQ:MBUU) has risen 77.33% since January 19, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

Don Morgan increased its stake in Range Res Corp (RRC) by 7.53% based on its latest 2017Q3 regulatory filing with the SEC. Homrich & Berg sold 37,697 shares as the company's stock declined 10.37% while stock markets rallied. Plains All Amern Pipeline L now has $16.13 billion valuation. HighTower Advisors LLC now owns 8,621 shares of the pipeline company's stock worth $225,000 after acquiring an additional 1,050 shares in the last quarter. About 985,031 shares traded. It has outperformed by 1.95% the S&P500. Therefore 73% are positive. Now it is offering a dividend yield of 5.24% and a 5 year dividend growth rate of 6.27%.

Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date. The firm has "Neutral" rating given on Thursday, August 6 by Goldman Sachs. The firm earned "Equal Weight" rating on Thursday, March 30 by Barclays Capital. Credit Suisse maintained it with "Outperform" rating and $135 target in Monday, December 7 report. The rating was upgraded by Piper Jaffray on Thursday, October 13 to "Overweight". Citigroup has "Buy" rating and $30 target.

Investors sentiment increased to 1.51 in 2017 Q3. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20. 121 funds opened positions while 587 raised stakes. About 146,102 shares traded. Amp Invsts Ltd invested in 4,600 shares or 0% of the stock. 4,172 were accumulated by Asset. (NASDAQ:MBUU). Us Comml Bank De reported 0% stake. Avalon Lc, a Texas-based fund reported 50,867 shares. Apg Asset Management Nv reported 22,000 shares. Thompson Davis & Communications accumulated 875 shares or 0.03% of the stock. Massachusetts Fincl Ma accumulated 1.65M shares. Over the past three months, the average daily trading volume came in at about 6.13 million shares per day. There has been an observed change of -0.35% in the ownership of the shares in the past six months. Public Sector Pension Board reported 67,200 shares.

Among 33 analysts covering The Home Depot Inc. During the same period in the prior year, the firm earned $0.45 EPS. MBUU's profit will be $10.16M for 15.88 P/E if the $0.47 EPS becomes a reality. It also increased its holding in Dollar Gen Corp New (NYSE:DG) by 5,697 shares in the quarter, for a total of 10,076 shares, and has risen its stake in Chevron Corp New (NYSE:CVX). Therefore 33% are positive. Analysts on average have given a price target of $24.35 to Plains All American Pipeline, L.P. stock.

In the latest week Plains All American Pipeline, L.P. (NYSE:PAA) stock volatility was recorded 3.32% which for the previous full month was noted 2.77%. The market capitalization of the company is $23.06 Billion.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Monday, November 6th. Wunderlich has "Hold" rating and $21 target. Citigroup Incorporated stated it has 0.04% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). (NYSE:HD) on Wednesday, November 18 with "Hold" rating. The firm has "Neutral" rating by Robert W. Baird given on Friday, August 11. (NYSE:HD) has "Buy" rating given on Tuesday, July 18 by BMO Capital Markets. As per Wednesday, August 16, the company rating was initiated by DA Davidson. The rating was maintained by Stifel Nicolaus on Thursday, September 28 with "Hold". Plains All American Pipeline, L.P. has a consensus rating of Buy and an average target price of $32.52. They expect $0.43 earnings per share, up 207.14% or $0.29 from last year's $0.14 per share. After $0.21 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts 104.76% EPS growth.

The investor is now holding $27.41 million shares due in part to a decrease of 744875 new shares in their portfolio. Its up 0.19, from 0.95 in 2017Q2. It is negative, as 62 investors sold PAA shares while 124 reduced holdings. 35 funds opened positions while 82 raised stakes. The company now has an average volume of 3.5 Million. Huntington Steele Ltd Llc reported 81,713 shares. Wellington Shields Capital Ltd Co holds 0.23% of its portfolio in Range Resources Corporation (NYSE:RRC) for 87,805 shares. (NYSE:MED). Eqis Cap Mngmt invested in 0.07% or 20,609 shares. Kistler invested 0.03% in Plains All American Pipeline, L.P. (NYSE:PAA). Albert D Mason holds 32,782 shares or 0.56% of its portfolio. Year to Date (YTD) performance of Plains All American Pipeline, L.P. (PAA) is 11 percent while its Performance (Week) is 1.33 percent and Performance (month) is at 12.47 percent. Ruggie Group stated it has 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Sun Life Financial reported 3,200 shares. The pipeline company reported $0.03 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.23 by ($0.20). Tortoise Inv Management Ltd Co holds 0% or 600 shares. Cleararc Cap Incorporated accumulated 1.26% or 51,378 shares.

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