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

Key Points

• Consensus "Hold": Thirteen analysts rate Plains All American Pipeline an average "Hold" (2 sell, 7 hold, 3 buy, 1 strong buy) with a 12‑month mean target of about $21.18.
• Quarterly miss: The company reported $0.17 EPS versus a $0.50 consensus and revenue fell 12.2% year‑over‑year, signaling near‑term operational weakness.
• Generous but stretched dividend: Plains raised its quarterly payout to $0.4175 (annualized $1.67) for a ~7.6% yield, but the dividend payout ratio is roughly 100.6%, raising sustainability concerns.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) have been given an average rating of "Hold" by the thirteen analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $21.1818.

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, February 9th. Barclays raised their target price on Plains All American Pipeline from $17.00 to $18.00 and gave the company an "underweight" rating in a research note on Monday, February 9th. Citigroup upped their price target on Plains All American Pipeline from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 10th. Bank of America lowered Plains All American Pipeline from a "neutral" rating to an "underperform" rating and set a $19.00 price target on the stock. in a report on Wednesday, January 28th. Finally, Mizuho set a $23.00 price objective on Plains All American Pipeline in a report on Friday, January 23rd.

Plains All American Pipeline Price Performance

Plains All American Pipeline stock opened at $22.00 on Friday. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 30.14 and a beta of 0.58. Plains All American Pipeline has a 52-week low of $15.57 and a 52-week high of $22.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The stock's 50 day moving average price is $19.53 and its two-hundred day moving average price is $17.96.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released its quarterly earnings data on Friday, February 6th. The pipeline company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter in the prior year, the business posted $0.42 earnings per share. The business's revenue was down 12.2% compared to the same quarter last year. On average, equities analysts predict that Plains All American Pipeline will post 1.52 earnings per share for the current year.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.4175 per share. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.38. The ex-dividend date was Friday, January 30th. This represents a $1.67 dividend on an annualized basis and a yield of 7.6%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 100.60%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Mather Group LLC. bought a new stake in shares of Plains All American Pipeline during the third quarter worth about $33,000. Caldwell Trust Co acquired a new position in Plains All American Pipeline during the 3rd quarter valued at about $38,000. Newbridge Financial Services Group Inc. increased its holdings in Plains All American Pipeline by 40.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the pipeline company's stock worth $41,000 after purchasing an additional 655 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Plains All American Pipeline in the fourth quarter worth approximately $42,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Plains All American Pipeline by 468.7% in the third quarter. Global Retirement Partners LLC now owns 2,582 shares of the pipeline company's stock valued at $44,000 after purchasing an additional 2,128 shares in the last quarter. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. NYSE: PAA is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership's integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American's services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.

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