Plains All American Pipeline, L.P. (NYSE:PAA) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) have earned an average rating of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.36.

PAA has been the topic of a number of research analyst reports. Scotiabank reduced their price objective on shares of Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Raymond James upped their price objective on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley lifted their target price on Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 25th. Wolfe Research upgraded Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a research note on Friday, January 10th. Finally, Barclays lowered their target price on shares of Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc lifted its holdings in Plains All American Pipeline by 12.7% in the third quarter. Morse Asset Management Inc now owns 45,350 shares of the pipeline company's stock worth $788,000 after purchasing an additional 5,100 shares during the period. Stifel Financial Corp raised its position in shares of Plains All American Pipeline by 30.6% during the 3rd quarter. Stifel Financial Corp now owns 230,729 shares of the pipeline company's stock worth $4,008,000 after buying an additional 54,111 shares in the last quarter. Barclays PLC boosted its holdings in shares of Plains All American Pipeline by 1.6% in the third quarter. Barclays PLC now owns 2,008,321 shares of the pipeline company's stock valued at $34,885,000 after acquiring an additional 32,061 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Plains All American Pipeline by 0.3% during the third quarter. Geode Capital Management LLC now owns 595,776 shares of the pipeline company's stock valued at $10,349,000 after acquiring an additional 1,989 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of Plains All American Pipeline by 15.1% during the third quarter. Sanctuary Advisors LLC now owns 55,494 shares of the pipeline company's stock valued at $996,000 after acquiring an additional 7,265 shares during the period. Institutional investors and hedge funds own 41.78% of the company's stock.

Plains All American Pipeline Stock Up 1.4 %

Shares of Plains All American Pipeline stock traded up $0.24 on Tuesday, hitting $17.74. 2,799,958 shares of the company's stock traded hands, compared to its average volume of 3,071,006. Plains All American Pipeline has a 52-week low of $15.58 and a 52-week high of $21.00. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.48 billion, a P/E ratio of 24.30 and a beta of 1.17. The firm's 50-day moving average is $19.14 and its 200 day moving average is $18.44.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.57%. The ex-dividend date is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 208.22%.

Plains All American Pipeline Company 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.