Plains All American Pipeline, L.P. (PAA) To Go Ex-Dividend on January 30th

Plains All American Pipeline, L.P. (NYSE:PAA) declared a quarterly dividend on Monday, January 5th. Shareholders of record on Friday, January 30th will be given a dividend of 0.4175 per share by the pipeline company on Friday, February 13th. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Friday, January 30th. This is a 9.9% increase from Plains All American Pipeline’s previous quarterly dividend of $0.38.

Plains All American Pipeline has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Plains All American Pipeline has a dividend payout ratio of 110.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Plains All American Pipeline to earn $1.52 per share next year, which means the company may not be able to cover its $1.67 annual dividend with an expected future payout ratio of 109.9%.

Plains All American Pipeline Stock Up 1.3%

PAA stock opened at $19.55 on Wednesday. The company’s 50 day moving average price is $18.03 and its 200 day moving average price is $17.58. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 26.78 and a beta of 0.59. Plains All American Pipeline has a fifty-two week low of $15.57 and a fifty-two week high of $20.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. Plains All American Pipeline’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS. On average, equities research analysts anticipate that Plains All American Pipeline will post 1.52 EPS for the current fiscal year.

Analyst Ratings Changes

PAA has been the topic of several research reports. Morgan Stanley raised their price objective on Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Scotiabank reissued an “outperform” rating on shares of Plains All American Pipeline in a research report on Friday, January 16th. Mizuho set a $23.00 price target on Plains All American Pipeline in a research report on Friday. Raymond James Financial reissued a “strong-buy” rating and issued a $22.00 price objective (down from $24.00) on shares of Plains All American Pipeline in a report on Friday, October 24th. Finally, Barclays cut their target price on shares of Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.40.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.