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Main » Short Interest in Plains All American Pipeline (PAA) Increases By 47.9%

Short Interest in Plains All American Pipeline (PAA) Increases By 47.9%

17 May 2018

Hite Hedge Asset Management Llc who had been investing in Plains All Amern Pipeline L for a number of months, seems to be bullish on the $19.39B market cap company. The institutional investor held 270,370 shares of the business services company at the end of 2017Q4, valued at $30.83 million, up from 252,534 at the end of the previous reported quarter.

The stock increased 0.65% or $0.424 during the last trading session, reaching $65.604. 1,405,500 shares of the stock were exchanged, compared to its average volume of 3,361,783. Visa Inc. (NYSE:V) has risen 31.98% since May 16, 2017 and is uptrending. FTB Advisors Inc. now owns 5,695 shares of the pipeline company's stock valued at $125,000 after purchasing an additional 2,816 shares during the last quarter. Plains All American Pipeline reported sales of $6.67 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. Plains All American Pipeline has an average rating of "Hold" and an average price target of $25.88. About 652,802 shares traded. Regions Fin holds 0% in Plains All American Pipeline, L.P. (NYSE:PAA) or 16,328 shs. It has underperformed by 42.40% the S&P500. The other Globenewswire.com's article was titled "Consolidated Research: 2018 Summary Expectations for Sunstone Hotel Investors, Plains All American Pipeline ..." and brought out on May 11, 2018. For a total of 13,436 shares it reduced its holding in Schlumberger Ltd (NYSE:SLB) by 58,238 shares in the quarter, and has cut its stake in Energy Transfer Equity LP (NYSE:ETE). Plains All American Pipeline has a 1-year low of $18.38 and a 1-year high of $29.46. It has a 17.95 P/E ratio.

Equities research analysts expect Plains All American Pipeline (NYSE:PAA) to announce earnings of $0.25 per share for the current quarter, Zacks Investment Research reports.

During 2017 Q4 the big money sentiment increased to 0.72. It has change of 0.09, from 2017Q3's 0.63. It is positive, as 42 investors sold PAA shares while 120 reduced holdings. Funds hold 311.82 million shares thus 2.74% more from 2017Q3's 303.49 million shares. Security Bank Of Sioux City Iowa Ia has invested 0.25% in Plains All American Pipeline, L.P. (NYSE:PAA). Trust Asset Lc reported 4.5% stake. Johnson Investment Counsel has 10,245 shares for 0.01% of their portfolio.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. Plains All American Pipeline had a return on equity of 10.01% and a net margin of 3.26%. Fool.com's article titled: "Better Buy: Kinder Morgan, Inc. vs. Plains All American Pipeline" and published on May 07, 2018 is yet another important article. The stock decreased 0.12% or $0.03 during the last trading session, hitting $24.37.Plains All American Pipeline, L.P. has volume of 1.77 million shares. Plains All American Pipeline's dividend payout ratio (DPR) is presently 127.66%. Thompson Davis Commerce Incorporated, a Virginia-based fund reported 1,000 shares. Moreover, Security Commercial Bank Of Sioux City Iowa Ia has 0.25% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 13,150 shs. Fiera owns 26,412 shares. Plains All American Pipeline has a 12-month low of $24.26 and a 12-month high of $24.52.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on August, 6. Plains All American Pipeline's revenue for the quarter was up 27.8% on a year-over-year basis. sell-side analysts expect that Plains All American Pipeline will post 1.31 EPS for the current year. The company was downgraded on Monday, December 21 by Oppenheimer. Stifel Nicolaus reiterated a "hold" rating and issued a $24.00 price target (up previously from $22.00) on shares of Plains All American Pipeline in a research note on Thursday, February 8th. On Wednesday, January 17 the company was downgraded by Barclays Capital. The stock has "Hold" rating by Wunderlich on Monday, December 14. They issued a "buy" rating and a $29.00 price target for the company. On Thursday, February 8 the stock has "Hold" rating by RBC Capital Markets. On Thursday, February 8 Seaport Global upgraded Plains All American Pipeline, L.P. (NYSE:PAA) to "Buy" rating. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, January 16.

Cibc Asset Management Inc, which manages about $16.35B US Long portfolio, decreased its stake in Open Text Corp (NASDAQ:OTEX) by 142,289 shares to 1.45M shares, valued at $51.76M in 2017Q4, according to the filing. The insider MATSCHULLAT ROBERT W sold 6,220 shares worth $707,561. Biggar Lynne sold $205,440 worth of Visa Inc.

Carnival Corp (CCL) investors sentiment increased to 1.22 in Q4 2017. 141 funds opened positions while 552 raised stakes. Cardinal Health Inc (NYSE:CAH) was raised too. Cincinnati Insur holds 0.14% or 237,941 shares. Deutsche Bancorporation Ag, a Germany-based fund reported 4.96M shares. The Maine-based Spinnaker has invested 0.43% in Visa Inc. Estabrook Cap Management holds 640 shares or 0% of its portfolio. Rr Ltd Co accumulated 2.45M shs or 7.01% of the stock. Tarbox Family Office accumulated 0.01% or 731 shs. Moreover, Stockbridge Prtnrs Limited Liability has 7.99% invested in Visa Inc. Raymond James Associate reported 285,612 shares. Advisor Ptnrs Limited Liability Company owns 38,193 shares or 0.84% of their USA portfolio. Brown Advisory Secs Ltd Limited Liability Company has invested 1.5% in Visa Inc.