BMO Capital Markets set a $25.00 price target on Plains All American Pipeline, L.P. (NYSE:PAA) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the pipeline company’s stock.

Several other equities analysts have also weighed in on the stock. UBS AG upgraded shares of Plains All American Pipeline, L.P. from an outperform rating to a strong-buy rating in a research report on Monday, August 28th. 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 for the company in a research report on Monday, August 28th. 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 for the company in a research report on Monday, July 10th. Jefferies Group LLC restated a hold rating and set a $28.00 price target (up previously from $27.00) on shares of Plains All American Pipeline, L.P. in a research report on Friday, July 21st. Finally, Bank of America Corporation reduced their price target on shares of Plains All American Pipeline, L.P. from $26.00 to $22.00 and set a neutral rating for the company in a research report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $27.60.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 20.39 on Tuesday. The stock’s 50 day moving average is $21.51 and its 200-day moving average is $24.91. Plains All American Pipeline, L.P. has a 1-year low of $18.82 and a 1-year high of $33.95. The firm has a market cap of $14.78 billion, a PE ratio of 15.73 and a beta of 0.98.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. Plains All American Pipeline, L.P.’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) EPS. Analysts expect that Plains All American Pipeline, L.P. will post $1.45 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Monday, October 30th. Plains All American Pipeline, L.P.’s payout ratio is 165.41%.

Several institutional investors have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Plains All American Pipeline, L.P. by 0.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 33,341,100 shares of the pipeline company’s stock worth $875,871,000 after buying an additional 255,459 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Plains All American Pipeline, L.P. by 4.9% in the second quarter. Alps Advisors Inc. now owns 30,612,374 shares of the pipeline company’s stock worth $804,187,000 after buying an additional 1,416,441 shares in the last quarter. Center Coast Capital Advisors LP lifted its holdings in shares of Plains All American Pipeline, L.P. by 13.7% in the second quarter. Center Coast Capital Advisors LP now owns 8,099,170 shares of the pipeline company’s stock worth $212,765,000 after buying an additional 977,234 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Plains All American Pipeline, L.P. by 50.4% in the second quarter. Bank of Montreal Can now owns 7,853,634 shares of the pipeline company’s stock worth $206,315,000 after buying an additional 2,631,118 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Plains All American Pipeline, L.P. by 1.6% in the first quarter. Clearbridge Investments LLC now owns 7,024,740 shares of the pipeline company’s stock worth $222,052,000 after buying an additional 111,660 shares in the last quarter. 42.08% of the stock is currently owned by hedge funds and other institutional investors.

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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