An issue of Plains All American Pipeline, L.P. (NYSE:PAA) bonds rose 0.6% against their face value during trading on Friday. The high-yield issue of debt has a 4.9% coupon and is set to mature on February 15, 2045. The bonds in the issue are now trading at $94.27 and were trading at $92.83 last week. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.

A number of brokerages have recently issued reports on PAA. TheStreet lowered Plains All American Pipeline from a “b-” rating to a “c+” rating in a research report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and set a $29.00 target price on shares of Plains All American Pipeline in a research report on Thursday. ValuEngine raised Plains All American Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Plains All American Pipeline from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.20.

Plains All American Pipeline opened at $27.27 on Friday, MarketBeat.com reports. The firm has a market cap of $19.40 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 2.16 and a beta of 0.81. Plains All American Pipeline, L.P. has a 1-year low of $18.38 and a 1-year high of $27.70. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.03.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.15. The firm had revenue of $8.08 billion for the quarter, compared to analyst estimates of $8.18 billion. Plains All American Pipeline had a return on equity of 12.73% and a net margin of 2.04%. equities research analysts predict that Plains All American Pipeline, L.P. will post 1.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Tuesday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.40%. The ex-dividend date is Monday, July 30th. Plains All American Pipeline’s payout ratio is 127.66%.

A number of large investors have recently bought and sold shares of PAA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Plains All American Pipeline during the second quarter valued at $179,640,000. Brookfield Asset Management Inc. raised its position in Plains All American Pipeline by 236.3% during the first quarter. Brookfield Asset Management Inc. now owns 9,103,919 shares of the pipeline company’s stock valued at $200,560,000 after buying an additional 6,397,059 shares during the period. Summit Trail Advisors LLC raised its position in Plains All American Pipeline by 2,527.0% during the first quarter. Summit Trail Advisors LLC now owns 4,061,452 shares of the pipeline company’s stock valued at $4,061,000 after buying an additional 3,906,847 shares during the period. Alps Advisors Inc. raised its position in Plains All American Pipeline by 5.8% during the second quarter. Alps Advisors Inc. now owns 35,094,693 shares of the pipeline company’s stock valued at $829,639,000 after buying an additional 1,910,142 shares during the period. Finally, BlackRock Inc. raised its position in Plains All American Pipeline by 71.3% during the first quarter. BlackRock Inc. now owns 4,251,747 shares of the pipeline company’s stock valued at $93,666,000 after buying an additional 1,769,523 shares during the period. 45.56% of the stock is currently owned by hedge funds and other institutional investors.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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