CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $3.68 Million Holdings in Plains All American Pipeline, L.P. (NYSE:PAA)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its holdings in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,105 shares of the pipeline company's stock after selling 34,669 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in Plains All American Pipeline were worth $3,682,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PAA. Oppenheimer Asset Management Inc. boosted its holdings in shares of Plains All American Pipeline by 5.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 56,334 shares of the pipeline company's stock valued at $1,127,000 after acquiring an additional 2,891 shares during the period. Parkside Financial Bank & Trust boosted its stake in Plains All American Pipeline by 74.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 58,491 shares of the pipeline company's stock valued at $999,000 after purchasing an additional 25,013 shares during the period. Jones Financial Companies Lllp grew its position in Plains All American Pipeline by 1,684.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after purchasing an additional 3,368 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Plains All American Pipeline by 107.0% in the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock valued at $26,000 after purchasing an additional 657 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Plains All American Pipeline by 50.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,154 shares of the pipeline company's stock worth $805,000 after buying an additional 15,854 shares during the period. Institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Trading Down 1.3%

PAA traded down $0.24 during trading on Tuesday, reaching $18.08. The company had a trading volume of 2,581,461 shares, compared to its average volume of 3,236,543. The firm's 50-day simple moving average is $17.40 and its 200 day simple moving average is $18.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 24.77 and a beta of 0.66. Plains All American Pipeline, L.P. has a 12-month low of $15.58 and a 12-month high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.41%. Plains All American Pipeline's dividend payout ratio is 163.44%.

Wall Street Analysts Forecast Growth

PAA has been the topic of a number of research analyst reports. Citigroup lowered their price target on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen raised shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Scotiabank reduced their price target on shares of Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 5th. UBS Group reiterated a "buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $20.00 target price on shares of Plains All American Pipeline in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $20.50.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.