Plains All American Pipeline (NYSE:PAA) Rating Lowered to "Hold" at StockNews.com

StockNews.com downgraded shares of Plains All American Pipeline (NYSE:PAA - Free Report) from a buy rating to a hold rating in a research note released on Monday morning.

Several other equities research analysts have also issued reports on PAA. Wells Fargo & Company lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research report on Friday, May 9th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research report on Friday, May 9th. Raymond James reaffirmed a "strong-buy" rating on shares of Plains All American Pipeline in a research report on Friday, May 9th. Scotiabank dropped their target price on Plains All American Pipeline from $21.00 to $20.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Finally, Barclays reaffirmed an "underweight" rating and issued a $18.00 target price on shares of Plains All American Pipeline in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Plains All American Pipeline presently has an average rating of "Hold" and an average target price of $20.50.

Plains All American Pipeline Stock Performance

Shares of PAA stock traded down $0.03 on Monday, hitting $17.25. 2,110,797 shares of the stock traded hands, compared to its average volume of 3,106,160. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market capitalization of $12.14 billion, a PE ratio of 23.63 and a beta of 0.70. Plains All American Pipeline has a 1-year low of $15.58 and a 1-year high of $21.00. The company's fifty day moving average is $18.13 and its 200 day moving average is $18.43.

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 (EPS) for the quarter, missing the consensus estimate 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%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, equities research analysts predict that Plains All American Pipeline will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.38 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.52 annualized dividend and a dividend yield of 8.81%. Plains All American Pipeline's payout ratio is 163.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PAA. Farther Finance Advisors LLC grew its stake in shares of Plains All American Pipeline by 107.0% in the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock worth $26,000 after purchasing an additional 657 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Plains All American Pipeline during the third quarter valued at about $27,000. Newbridge Financial Services Group Inc. bought a new position in Plains All American Pipeline during the fourth quarter valued at about $27,000. National Bank of Canada FI bought a new position in Plains All American Pipeline during the fourth quarter valued at about $27,000. Finally, Jones Financial Companies Lllp boosted its stake in Plains All American Pipeline by 1,684.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock valued at $61,000 after buying an additional 3,368 shares in the last quarter. Institutional investors own 41.78% of the company's stock.

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.