Plains All American Pipeline, L.P. (NYSE:PAA) Receives $21.18 Average Price Target from Analysts

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.50.

A number of brokerages have recently commented on PAA. Stifel Nicolaus upped their price target on Plains All American Pipeline from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank reissued an “outperform” rating on shares of Plains All American Pipeline in a research note on Monday, February 9th. Wells Fargo & Company upped their target price on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Bank of America lowered shares of Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 target price on the stock. in a report on Wednesday, January 28th. Finally, Barclays lifted their price target on shares of Plains All American Pipeline from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th.

Plains All American Pipeline Stock Performance

PAA stock opened at $22.08 on Friday. Plains All American Pipeline has a twelve month low of $15.57 and a twelve month high of $22.24. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $15.58 billion, a P/E ratio of 30.25 and a beta of 0.59. The business’s fifty day moving average is $19.62 and its 200-day moving average is $18.00.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Friday, February 6th. The pipeline company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.During the same period last year, the firm earned $0.42 EPS. Plains All American Pipeline’s revenue was down 12.2% compared to the same quarter last year. Equities research analysts forecast that Plains All American Pipeline will post 1.52 EPS for the current year.

Plains All American Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Friday, January 30th. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. Plains All American Pipeline’s dividend payout ratio (DPR) is 100.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new stake in shares of Plains All American Pipeline during the first quarter worth about $260,000. Envestnet Asset Management Inc. grew its position in shares of Plains All American Pipeline by 4.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 363,557 shares of the pipeline company’s stock valued at $6,660,000 after purchasing an additional 14,277 shares during the period. Chancellor Financial Group WB LP increased its stake in Plains All American Pipeline by 9.1% during the 2nd quarter. Chancellor Financial Group WB LP now owns 11,957 shares of the pipeline company’s stock worth $219,000 after purchasing an additional 1,000 shares in the last quarter. AE Wealth Management LLC raised its holdings in Plains All American Pipeline by 6.9% during the 2nd quarter. AE Wealth Management LLC now owns 13,219 shares of the pipeline company’s stock worth $242,000 after buying an additional 858 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Plains All American Pipeline by 2.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 59,965 shares of the pipeline company’s stock worth $1,099,000 after buying an additional 1,474 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

About Plains All American Pipeline

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.