Plains All American Pipeline (NYSE:PAA) Downgraded to Hold Rating by StockNews.com

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

Several other research analysts have also weighed in 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. UBS Group reaffirmed a "buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Morgan Stanley reiterated an "equal weight" rating and issued a $23.00 target price on shares of Plains All American Pipeline in a report on Friday, May 9th. Barclays restated an "underweight" rating and set a $18.00 price target on shares of Plains All American Pipeline in a report on Friday, May 9th. Finally, Scotiabank lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Plains All American Pipeline currently has an average rating of "Hold" and an average price target of $20.50.

Plains All American Pipeline Trading Down 0.2%

Shares of NYSE:PAA traded down $0.03 during mid-day trading on Monday, hitting $17.25. The stock had a trading volume of 2,110,745 shares, compared to its average volume of 3,111,465. 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 company has a market cap of $12.14 billion, a PE ratio of 23.63 and a beta of 0.70. Plains All American Pipeline has a 12-month low of $15.58 and a 12-month high of $21.00. The company's 50 day moving average is $18.17 and its 200-day moving average is $18.43.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its 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 business's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. On average, sell-side analysts predict that Plains All American Pipeline will post 1.52 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors 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%.

Hedge Funds Weigh In On Plains All American Pipeline

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 657 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Plains All American Pipeline in the 3rd quarter valued at $27,000. Newbridge Financial Services Group Inc. bought a new stake in Plains All American Pipeline in the fourth quarter worth $27,000. National Bank of Canada FI acquired a new position in Plains All American Pipeline during the fourth quarter worth $27,000. Finally, Jones Financial Companies Lllp raised its holdings 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 and hedge funds 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.