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

Shares of Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) have been given an average rating of "Hold" by the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.75.

PAA has been the topic of several recent research reports. Wolfe Research restated a "peer perform" rating on shares of Plains All American Pipeline in a report on Friday. Wells Fargo & Company cut shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen raised shares of Plains All American Pipeline from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Scotiabank cut their target price on Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 5th. Finally, UBS Group set a $25.00 price target on Plains All American Pipeline and gave the company a "buy" rating in a research note on Tuesday, July 15th.

Plains All American Pipeline Stock Down 1.3%

Plains All American Pipeline stock traded down $0.25 during mid-day trading on Thursday, hitting $18.68. The company's stock had a trading volume of 3,411,344 shares, compared to its average volume of 3,643,956. The firm's 50 day moving average is $17.91 and its 200 day moving average is $18.59. Plains All American Pipeline has a 52-week low of $15.57 and a 52-week high of $21.00. The company has a market cap of $13.14 billion, a PE ratio of 25.59 and a beta of 0.68. 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 posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. On average, analysts anticipate 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 will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.52 annualized dividend and a dividend yield of 8.14%. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

Hedge Funds Weigh In On Plains All American Pipeline

A number of large investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC increased its position in shares of Plains All American Pipeline by 0.8% during the second quarter. Apollon Wealth Management LLC now owns 80,515 shares of the pipeline company's stock valued at $1,475,000 after buying an additional 628 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Plains All American Pipeline by 107.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock worth $26,000 after acquiring an additional 657 shares during the period. Capital Advisory Group Advisory Services LLC grew its position in shares of Plains All American Pipeline by 2.5% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock worth $569,000 after buying an additional 685 shares during the period. HB Wealth Management LLC grew its position in shares of Plains All American Pipeline by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 15,247 shares of the pipeline company's stock worth $279,000 after buying an additional 748 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Plains All American Pipeline by 76.1% in the 2nd quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company's stock worth $32,000 after buying an additional 761 shares during the period. 41.78% of the stock is owned by hedge funds and other institutional investors.

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.