Tiedemann Wealth Management LLC Has Trimmed Its Plains All Amern Pipeline L (PAA) Stake by $7.71 Million

July 14, 2018 - By Lawrence Diaz

Investors sentiment increased to 0.95 in Q1 2018. Its up 0.23, from 0.72 in 2017Q4. It increased, as 45 investors sold PAA shares while 83 reduced holdings. 33 funds opened positions while 88 raised stakes. 318.52 million shares or 2.15% more from 311.82 million shares in 2017Q4 were reported. 293,547 are held by Raymond James Associates. Metropolitan Life Insur Ny stated it has 0% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Grp One Trading LP has 55,642 shares for 0.01% of their portfolio. Capital Advisers Limited Liability Company stated it has 0.05% in Plains All American Pipeline, L.P. (NYSE:PAA). Edge Wealth Management Lc has 0.07% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 11,570 shares. 68,120 were accumulated by Endurance Wealth. Cbre Clarion Ltd Liability Co invested in 168,600 shares or 0.05% of the stock. Ameriprise Finance holds 0% or 39,338 shares. Thompson Davis And Co invested in 0.04% or 625 shares. Whittier Tru Communications accumulated 9,912 shares or 0.01% of the stock. Fdx stated it has 21,423 shares. Hilton Limited Liability Co holds 0.19% in Plains All American Pipeline, L.P. (NYSE:PAA) or 53,527 shares. Oxbow Advsr Lc accumulated 251,570 shares. Miller Howard Invests New York reported 1.42% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Fayez Sarofim stated it has 3.67M shares or 0.44% of all its holdings.

Tiedemann Wealth Management Llc decreased its stake in Plains All Amern Pipeline L (PAA) by 83.86% based on its latest 2018Q1 regulatory filing with the SEC. Tiedemann Wealth Management Llc sold 350,616 shares as the company’s stock rose 6.74% while stock markets declined. The institutional investor held 67,483 shares of the energy company at the end of 2018Q1, valued at $1.49 million, down from 418,099 at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Plains All Amern Pipeline L for a number of months, seems to be less bullish one the $17.07B market cap company. The stock increased 1.34% or $0.31 during the last trading session, reaching $23.53. About 1.81 million shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has declined 14.41% since July 14, 2017 and is downtrending. It has underperformed by 26.98% the S&P500.

Tiedemann Wealth Management Llc, which manages about $5.35 billion and $1.46B US Long portfolio, upped its stake in Kinder Morgan Inc Del (NYSE:KMI) by 216,107 shares to 802,379 shares, valued at $12.08M in 2018Q1, according to the filing. It also increased its holding in Schwab Strategic Tr (FNDX) by 83,511 shares in the quarter, for a total of 817,891 shares, and has risen its stake in Magellan Midstream Prtnrs Lp (NYSE:MMP).

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on August, 6. They expect $0.23 EPS, up 9.52 % or $0.02 from last year’s $0.21 per share. PAA’s profit will be $166.88 million for 25.58 P/E if the $0.23 EPS becomes a reality. After $0.36 actual EPS reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts -36.11 % negative EPS growth.

Another recent and important Plains All American Pipeline, L.P. (NYSE:PAA) news was published by Fool.com which published an article titled: “Here’s My Top Stock to Buy in July” on July 13, 2018.

Plains All American Pipeline, L.P. (NYSE:PAA) Ratings Coverage

Among 12 analysts covering Plains All American (NYSE:PAA), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Plains All American has $29 highest and $22.0 lowest target. $25.22’s average target is 7.18% above currents $23.53 stock price. Plains All American had 16 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was upgraded by Stifel Nicolaus on Tuesday, March 6 to “Buy”. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Overweight” rating given on Friday, June 1 by Morgan Stanley. The company was downgraded on Wednesday, May 9 by Stifel Nicolaus. The firm has “Overweight” rating by JP Morgan given on Tuesday, March 13. The rating was upgraded by Seaport Global to “Buy” on Thursday, February 8. The company was upgraded on Monday, April 9 by SunTrust. The firm earned “Hold” rating on Wednesday, April 25 by Jefferies. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, January 17. The firm has “Neutral” rating given on Thursday, February 8 by Bank of America. On Friday, March 2 the stock rating was maintained by UBS with “Buy”.

Plains All American Pipeline, L.P. (NYSE:PAA) Institutional Positions Chart

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