Miller Howard Investments Inc. NY Buys 250,558 Shares of Plains All American Pipeline, L.P. (NYSE:PAA)

Miller Howard Investments Inc. NY raised its position in shares of Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,861,430 shares of the pipeline company's stock after buying an additional 250,558 shares during the quarter. Plains All American Pipeline comprises approximately 1.8% of Miller Howard Investments Inc. NY's portfolio, making the stock its 17th biggest position. Miller Howard Investments Inc. NY owned 0.41% of Plains All American Pipeline worth $57,229,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAA. IFP Advisors Inc boosted its position in shares of Plains All American Pipeline by 63.1% in the fourth quarter. IFP Advisors Inc now owns 11,911 shares of the pipeline company's stock worth $203,000 after purchasing an additional 4,606 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Plains All American Pipeline by 2.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 53,443 shares of the pipeline company's stock valued at $913,000 after buying an additional 1,048 shares during the period. US Bancorp DE raised its stake in shares of Plains All American Pipeline by 0.8% in the fourth quarter. US Bancorp DE now owns 126,392 shares of the pipeline company's stock valued at $2,159,000 after acquiring an additional 1,003 shares during the period. Jones Financial Companies Lllp lifted its stake in Plains All American Pipeline by 1,684.0% in the fourth 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. Finally, NBW Capital LLC boosted its stake in shares of Plains All American Pipeline by 7.5% during the fourth quarter. NBW Capital LLC now owns 632,488 shares of the pipeline company's stock valued at $10,803,000 after purchasing an additional 44,080 shares during the period. 41.78% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline Trading Up 1.7%

Shares of NYSE:PAA traded up $0.31 during mid-day trading on Wednesday, reaching $18.39. The stock had a trading volume of 2,690,918 shares, compared to its average volume of 3,242,472. The firm has a market cap of $12.93 billion, a PE ratio of 25.19 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. Plains All American Pipeline, L.P. has a twelve month low of $15.58 and a twelve month high of $21.00. The firm has a 50 day simple moving average of $17.41 and a two-hundred day simple moving average of $18.42.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its earnings results on Friday, May 9th. The pipeline company reported $0.39 EPS 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 period last year, the firm posted $0.41 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts predict that Plains All American Pipeline, L.P. will post 1.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lifted their price target on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. 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 research note on Tuesday, May 13th. UBS Group restated a "buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Finally, Scotiabank decreased their price target on Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 5th. One 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Plains All American Pipeline currently has an average rating of "Hold" and an average price target of $20.50.

Plains All American Pipeline Profile

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.