Mizuho upgraded shares of Plains All American Pipeline, L.P. (NYSE:PAA) from a neutral rating to a buy rating in a report issued on Monday, July 10th, Marketbeat Ratings reports. The firm currently has $30.00 price objective on the pipeline company’s stock.

PAA has been the topic of a number of other reports. Scotiabank reaffirmed a buy rating and issued a $36.00 target price on shares of Plains All American Pipeline, L.P. in a report on Thursday, March 23rd. Guggenheim began coverage on shares of Plains All American Pipeline, L.P. in a research report on Monday, April 17th. They issued a neutral rating and a $28.00 price objective on the stock. UBS AG upgraded shares of Plains All American Pipeline, L.P. from a market perform rating to an outperform rating in a research report on Monday, May 22nd. BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a sell rating to a hold rating in a research report on Saturday, July 8th. Finally, Macquarie reiterated an outperform rating and issued a $36.00 price objective on shares of Plains All American Pipeline, L.P. in a research report on Friday, April 21st. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Plains All American Pipeline, L.P. has an average rating of Buy and a consensus target price of $32.83.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded up 0.04% during mid-day trading on Monday, reaching $25.62. 1,163,047 shares of the company were exchanged. Plains All American Pipeline, L.P. has a 12 month low of $23.21 and a 12 month high of $33.95. The stock has a market capitalization of $18.57 billion, a P/E ratio of 23.81 and a beta of 0.95. The stock has a 50 day moving average price of $25.75 and a 200-day moving average price of $28.97.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its earnings results on Monday, May 8th. The pipeline company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $6.67 billion during the quarter, compared to analyst estimates of $5.34 billion. Plains All American Pipeline, L.P. had a net margin of 4.26% and a return on equity of 9.52%. The business’s revenue was up 62.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. Analysts predict that Plains All American Pipeline, L.P. will post $1.63 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.20 annualized dividend and a dividend yield of 8.59%. Plains All American Pipeline, L.P.’s dividend payout ratio is presently 239.13%.

Large investors have recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. raised its stake in Plains All American Pipeline, L.P. by 1.2% in the first quarter. Duff & Phelps Investment Management Co. now owns 2,034,610 shares of the pipeline company’s stock valued at $64,314,000 after buying an additional 25,000 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Plains All American Pipeline, L.P. by 0.6% in the first quarter. Capital Investment Advisors LLC now owns 43,082 shares of the pipeline company’s stock valued at $1,362,000 after buying an additional 272 shares in the last quarter. Regent Investment Management LLC acquired a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $468,000. Americafirst Capital Management LLC acquired a new stake in Plains All American Pipeline, L.P. during the first quarter valued at approximately $199,000. Finally, Baldwin Brothers Inc. MA raised its stake in Plains All American Pipeline, L.P. by 19.5% in the first quarter. Baldwin Brothers Inc. MA now owns 25,709 shares of the pipeline company’s stock valued at $813,000 after buying an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 43.76% of the company’s stock.

Plains All American Pipeline, L.P. Company Profile

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

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