Plains All American Pipeline Lp (NASDAQ:PAA) Given Consensus Rating of “Hold” by Analysts

Plains All American Pipeline Lp (NASDAQ:PAA) has received an average rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.0769.

Several research analysts have recently issued reports on the company. Bank of America cut Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 price target for the company. in a research note on Wednesday, January 28th. Mizuho set a $23.00 price target on Plains All American Pipeline in a research note on Friday, January 23rd. Truist Financial assumed coverage on Plains All American Pipeline in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price target for the company. Zacks Research cut Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Wells Fargo & Company raised their target price on Plains All American Pipeline from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAA. NewEdge Advisors LLC bought a new position in Plains All American Pipeline during the first quarter valued at about $260,000. Guggenheim Capital LLC boosted its stake in Plains All American Pipeline by 5.9% during the second quarter. Guggenheim Capital LLC now owns 46,288 shares of the company’s stock valued at $848,000 after buying an additional 2,592 shares in the last quarter. First Trust Advisors LP boosted its stake in Plains All American Pipeline by 4.1% during the second quarter. First Trust Advisors LP now owns 404,921 shares of the company’s stock valued at $7,418,000 after buying an additional 16,096 shares in the last quarter. Glenview Trust co bought a new position in Plains All American Pipeline during the second quarter valued at about $404,000. Finally, HUB Investment Partners LLC boosted its stake in Plains All American Pipeline by 5.6% during the second quarter. HUB Investment Partners LLC now owns 91,113 shares of the company’s stock valued at $1,669,000 after buying an additional 4,839 shares in the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

NASDAQ:PAA opened at $22.64 on Friday. Plains All American Pipeline has a 1 year low of $15.69 and a 1 year high of $22.79. The company has a market capitalization of $15.97 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 2.53 and a beta of 0.53. The stock has a fifty day simple moving average of $21.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.92 and a current ratio of 0.96.

Plains All American Pipeline (NASDAQ:PAA) last released its quarterly earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a return on equity of 10.76% and a net margin of 3.21%.During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. On average, equities research analysts predict that Plains All American Pipeline will post 1.83 EPS for the current year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.4175 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.67 annualized dividend and a yield of 7.4%. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 100.60%.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.