Plains All American Pipeline Lp (PAA) – What Are Researchers Saying About This Stock?

Plains All American Pipeline Lp (NASDAQ:PAA) has received an average rating of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.87.

A number of research firms have recently weighed in on PAA. Wall Street Zen cut Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Royal Bank Of Canada increased their target price on shares of Plains All American Pipeline from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, August 17th. Scotiabank reissued an “outperform” rating and issued a $28.00 target price on shares of Plains All American Pipeline in a report on Thursday, October 15th. Mizuho raised their target price on shares of Plains All American Pipeline from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, September 21st. Finally, Weiss Ratings downgraded shares of Plains All American Pipeline from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 14th.

Plains All American Pipeline Stock Up 2.8%

Shares of PAA traded up $0.73 during trading hours on Friday, hitting $26.63. The company had a trading volume of 3,711,113 shares, compared to its average volume of 2,255,906. Plains All American Pipeline has a 52-week low of $16.00 and a 52-week high of $26.85. The stock has a market capitalization of $18.79 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 9.17 and a beta of 0.57. The firm has a fifty day moving average price of $25.01 and a 200-day moving average price of $23.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.12.

Plains All American Pipeline (NASDAQ:PAA) last announced its earnings results on Friday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.09). Plains All American Pipeline had a net margin of 5.29% and a return on equity of 12.13%. The company had revenue of $17.69 billion for the quarter. The company’s revenue was up 66.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. On average, equities research analysts forecast that Plains All American Pipeline will post 1.73 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, October 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 46.26%.

Institutional Investors Weigh In On Plains All American Pipeline

Institutional investors have recently bought and sold shares of the business. BROOKFIELD Corp ON grew its holdings in Plains All American Pipeline by 428.2% during the 1st quarter. BROOKFIELD Corp ON now owns 3,691,435 shares of the company’s stock valued at $82,430,000 after buying an additional 2,992,549 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in shares of Plains All American Pipeline in the first quarter worth $16,819,000. NEOS Investment Management LLC boosted its position in shares of Plains All American Pipeline by 34.6% during the second quarter. NEOS Investment Management LLC now owns 774,913 shares of the company’s stock worth $17,250,000 after acquiring an additional 199,296 shares during the last quarter. Angeles Wealth Management LLC bought a new position in shares of Plains All American Pipeline during the first quarter worth $4,305,000. Finally, Infrastructure Capital Advisors LLC boosted its position in shares of Plains All American Pipeline by 4.4% during the first quarter. Infrastructure Capital Advisors LLC now owns 3,089,992 shares of the company’s stock worth $69,000,000 after acquiring an additional 130,164 shares during the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

About Plains All American Pipeline

Plains All American Pipeline, L.P. is a midstream energy infrastructure company that provides logistics services for crude oil and natural gas liquids (NGLs). Rather than primarily exploring for or producing hydrocarbons, the company operates assets that help gather, transport, store and deliver energy commodities from production areas to refineries, processing facilities and other markets.

The company’s operations include pipeline transportation systems, gathering networks, storage facilities, rail and truck transportation, and terminal and export infrastructure.