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

Shares of Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) have earned a consensus recommendation of "Hold" from the twelve analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.50.

A number of research analysts have recently commented on the stock. Morgan Stanley reissued an "equal weight" rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, May 9th. Citigroup decreased their price objective on shares of Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Mizuho set a $22.00 price objective on shares of Plains All American Pipeline and gave the company an "outperform" rating in a research report on Wednesday, June 18th. UBS Group reaffirmed a "buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $20.00 target price on shares of Plains All American Pipeline in a report on Friday, May 16th.

Institutional Trading of Plains All American Pipeline

Several hedge funds and other institutional investors have recently bought and sold shares of PAA. Barclays PLC raised its stake in Plains All American Pipeline by 110.4% in the 4th quarter. Barclays PLC now owns 4,226,335 shares of the pipeline company's stock worth $72,186,000 after purchasing an additional 2,218,014 shares in the last quarter. BROOKFIELD Corp ON raised its stake in Plains All American Pipeline by 50.2% in the 1st quarter. BROOKFIELD Corp ON now owns 5,698,359 shares of the pipeline company's stock worth $113,967,000 after purchasing an additional 1,904,261 shares in the last quarter. Invesco Ltd. raised its stake in Plains All American Pipeline by 6.4% in the 1st quarter. Invesco Ltd. now owns 29,599,382 shares of the pipeline company's stock worth $591,988,000 after purchasing an additional 1,771,452 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Plains All American Pipeline by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,144,687 shares of the pipeline company's stock worth $422,894,000 after purchasing an additional 1,524,185 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Plains All American Pipeline by 8.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock worth $261,283,000 after purchasing an additional 1,211,286 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company's stock.

Plains All American Pipeline Stock Performance

Shares of PAA opened at $18.26 on Friday. The firm has a 50-day moving average of $17.38 and a 200-day moving average of $18.41. Plains All American Pipeline has a one year low of $15.58 and a one year high of $21.00. The company has a market cap of $12.84 billion, a PE ratio of 25.01 and a beta of 0.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). 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 company posted $0.41 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts forecast that Plains All American Pipeline will post 1.52 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.32%. The ex-dividend date was Thursday, May 1st. Plains All American Pipeline's payout ratio is 163.44%.

About Plains All American Pipeline

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.

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