Bank of America Corp DE Sells 457,461 Shares of Plains All American Pipeline Lp $PAA

Key Points

• Bank of America reduced its Plains All American Pipeline stake by 8.5%, selling 457,461 shares and retaining 4.90 million shares valued at approximately $109.5 million. Institutional investors collectively own 41.78% of PAA.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $23.23; recent targets range from $23 to $24, while Barclays maintained an underweight rating.
• PAA reported quarterly EPS of $0.41, missing the $0.50 consensus estimate, despite revenue rising 66.3% year over year to $17.69 billion. The company declared a quarterly dividend of $0.4175, implying a 7.3% annualized yield.

Bank of America Corp DE lowered its position in Plains All American Pipeline Lp (NASDAQ:PAA - Free Report) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,902,155 shares of the company's stock after selling 457,461 shares during the period. Bank of America Corp DE owned approximately 0.69% of Plains All American Pipeline worth $109,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of Plains All American Pipeline by 1.6% in the 1st quarter. D.A. Davidson & CO. now owns 28,439 shares of the company's stock valued at $635,000 after acquiring an additional 453 shares during the last quarter. Summit Financial LLC boosted its stake in Plains All American Pipeline by 1.0% during the 4th quarter. Summit Financial LLC now owns 61,265 shares of the company's stock worth $1,100,000 after acquiring an additional 599 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Plains All American Pipeline by 40.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the company's stock valued at $41,000 after purchasing an additional 655 shares during the period. Symphony Financial Services Inc. increased its stake in Plains All American Pipeline by 1.4% in the fourth quarter. Symphony Financial Services Inc. now owns 52,496 shares of the company's stock valued at $943,000 after purchasing an additional 715 shares in the last quarter. Finally, Sippican Capital Advisors increased its stake in Plains All American Pipeline by 2.4% in the fourth quarter. Sippican Capital Advisors now owns 32,800 shares of the company's stock valued at $589,000 after purchasing an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PAA shares. Scotiabank boosted their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. The Goldman Sachs Group raised Plains All American Pipeline from a "sell" rating to a "neutral" rating and raised their price target for the stock from $18.00 to $24.00 in a research report on Wednesday, June 3rd. UBS Group reiterated a "buy" rating on shares of Plains All American Pipeline in a report on Tuesday, June 16th. Royal Bank Of Canada reissued a "sector perform" rating and set a $23.00 target price on shares of Plains All American Pipeline in a research note on Tuesday, July 21st. Finally, Barclays raised their target price on shares of Plains All American Pipeline from $21.00 to $23.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $23.23.

Plains All American Pipeline Stock Down 3.0%

Shares of PAA stock opened at $22.81 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.94. The firm's 50-day moving average is $22.99 and its 200-day moving average is $21.94. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 7.90 and a beta of 0.50. Plains All American Pipeline Lp has a 52-week low of $15.69 and a 52-week high of $25.03.

Plains All American Pipeline (NASDAQ:PAA - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.09). Plains All American Pipeline had a net margin of 2.53% and a return on equity of 12.17%. The company had revenue of $17.69 billion during the quarter. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Plains All American Pipeline's revenue for the quarter was up 66.3% on a year-over-year basis. Sell-side analysts predict that Plains All American Pipeline Lp will post 1.83 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.4175 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.67 annualized dividend and a dividend yield of 7.3%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 127.48%.

Key Headlines Impacting Plains All American Pipeline

Here are the key news stories impacting Plains All American Pipeline this week:

• Positive Sentiment: Higher crude-oil volumes helped support second-quarter results, while revenue increased 66.3% year over year to $17.69 billion. The company also maintained its 2026 adjusted EBITDA outlook, signaling confidence in its operating performance. Plains All American Q2 Earnings Beat Estimates, Sales Increase Year over Year
• Positive Sentiment: Plains plans $400 million to $450 million of 2026 growth capital spending and expects to add 75,000 barrels per day of capacity at Cactus III. The expansion could improve future transportation capacity and long-term cash-flow potential. Plains Targets 400 Million to 450 Million Dollars of 2026 Growth Capital Spending
• Neutral Sentiment: Management’s earnings call focused on volume growth, infrastructure expansion and the company’s full-year outlook. Investors will likely weigh the benefits of additional capacity against the capital required to build it. Plains All American Pipeline Q2 2026 Earnings Call Transcript
• Negative Sentiment: Reported EPS was $0.41, below the $0.50 consensus estimate, although it improved from $0.36 in the year-earlier quarter. The earnings miss may be weighing on investor sentiment despite the revenue growth and operational improvements. Plains All American Pipeline Second-Quarter Earnings Report

Plains All American Pipeline Company Profile

Plains All American Pipeline NASDAQ: PAA is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.

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