Plains All American Pipeline (PAA) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plains All American Pipeline in the last twelve months. There are currently 4 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PAA shares.
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11 brokers have issued twelve-month price objectives for Plains All American Pipeline's stock. Their PAA share price forecasts range from $14.50 to $21.00. On average, they predict the company's stock price to reach $16.58 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for PAA or view top-rated stocks among Wall Street analysts.

Plains All American Pipeline's stock was trading at $11.76 on January 1st, 2023. Since then, PAA stock has increased by 34.3% and is now trading at $15.79.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PAA earnings forecast.

Plains All American Pipeline, L.P. (NYSE:PAA) released its quarterly earnings data on Friday, August, 4th. The pipeline company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. The pipeline company had revenue of $11.60 billion for the quarter, compared to the consensus estimate of $15.28 billion. Plains All American Pipeline had a trailing twelve-month return on equity of 9.89% and a net margin of 2.53%. Plains All American Pipeline's quarterly revenue was down 29.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share.

Plains All American Pipeline announced a quarterly dividend on Thursday, July 6th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.2675 per share on Monday, August 14th. This represents a $1.07 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Friday, July 28th.
Read our dividend analysis for PAA.

ETFs with the largest weight of Plains All American Pipeline (NYSE:PAA) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), Simplify Propel Opportunities ETF (SURI), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), VanEck Energy Income ETF (EINC) and Global X MLP & Energy Infrastructure ETF (MLPX).

Plains All American Pipeline (NYSE:PAA) pays an annual dividend of $1.07 per share and currently has a dividend yield of 6.78%. PAA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 66.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PAA will have a dividend payout ratio of 82.95% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PAA.

85 employees have rated Plains All American Pipeline Chief Executive Officer Greg L. Armstrong on Glassdoor.com. Greg L. Armstrong has an approval rating of 93% among the company's employees. This puts Greg L. Armstrong in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Plains All American Pipeline investors own include Enterprise Products Partners (EPD), Energy Transfer (ET), AT&T (T), CA (CA), Magellan Midstream Partners (MMP), Kinder Morgan (KMI), Micron Technology (MU), AbbVie (ABBV), BlackRock (BLK) and CVS Health (CVS).

Plains All American Pipeline trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAA."

Plains All American Pipeline's stock is owned by many different retail and institutional investors. Top institutional investors include Goldman Sachs Group Inc. (2.78%), Mirae Asset Global Investments Co. Ltd. (1.51%), JPMorgan Chase & Co. (1.08%), Clearbridge Investments LLC (1.00%), Chickasaw Capital Management LLC (0.71%) and Infrastructure Capital Advisors LLC (0.59%). Insiders that own company stock include Chris Temple and Kevin S Mccarthy.
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Shares of PAA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PAA stock can currently be purchased for approximately $15.79.

Plains All American Pipeline (NYSE:PAA) has a market capitalization of $11.03 billion and generates $57.34 billion in revenue each year. The pipeline company earns $1.04 billion in net income (profit) each year or $1.62 on an earnings per share basis.

The company employs 4,100 workers across the globe.

Plains All American Pipeline's mailing address is 333 CLAY STREET SUITE 1600, HOUSTON TX, 77002. The official website for the company is www.plainsallamerican.com. The pipeline company can be reached via phone at (713) 646-4100, via email at rilamoreaux@paalp.com, or via fax at 713-646-4680.