Stifel Nicolaus set a $21.00 price objective on Plains All American Pipeline, L.P. (NYSE:PAA) in a research report report published on Monday. The brokerage currently has a hold rating on the pipeline company’s stock.

PAA has been the topic of a number of other research reports. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a neutral rating to a buy rating and set a $30.00 price target on the stock in a research note on Monday, July 10th. UBS AG upgraded shares of Plains All American Pipeline, L.P. from a market perform rating to an outperform rating in a research note 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 note on Saturday, July 8th. Barclays PLC reiterated a buy rating and issued a $28.00 price target on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from an outperform rating to a buy rating and set a $24.00 price target on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $29.23.

Shares of Plains All American Pipeline, L.P. (PAA) opened at 21.66 on Monday. The firm has a market capitalization of $15.70 billion, a P/E ratio of 16.71 and a beta of 0.95. The company’s 50-day moving average price is $23.27 and its 200-day moving average price is $27.40. Plains All American Pipeline, L.P. has a 52-week low of $18.82 and a 52-week high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the company posted ($0.12) EPS. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. On average, equities research analysts expect that Plains All American Pipeline, L.P. will post $1.49 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.20 annualized dividend and a dividend yield of 10.16%. Plains All American Pipeline, L.P.’s dividend payout ratio is 165.41%.

Hedge funds have recently bought and sold shares of the company. Good Life Advisors LLC raised its stake in Plains All American Pipeline, L.P. by 0.4% in the second quarter. Good Life Advisors LLC now owns 11,191 shares of the pipeline company’s stock valued at $291,000 after buying an additional 42 shares in the last quarter. Comerica Bank raised its stake in Plains All American Pipeline, L.P. by 0.7% in the first quarter. Comerica Bank now owns 8,130 shares of the pipeline company’s stock valued at $239,000 after buying an additional 57 shares in the last quarter. Arcus Capital Partners LLC raised its stake in Plains All American Pipeline, L.P. by 1.2% in the first quarter. Arcus Capital Partners LLC now owns 6,598 shares of the pipeline company’s stock valued at $209,000 after buying an additional 78 shares in the last quarter. Syntal Capital Partners LLC raised its stake in Plains All American Pipeline, L.P. by 1.1% in the first quarter. Syntal Capital Partners LLC now owns 9,132 shares of the pipeline company’s stock valued at $288,000 after buying an additional 100 shares in the last quarter. Finally, CNH Partners LLC raised its stake in Plains All American Pipeline, L.P. by 0.6% in the second quarter. CNH Partners LLC now owns 17,770 shares of the pipeline company’s stock valued at $467,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 42.08% 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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