Plains All American Pipeline, L.P. (NYSE:PAA) Receives Average Recommendation of “Hold” from Analysts

Plains All American Pipeline, L.P. (NYSE:PAA) has been assigned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.45.

A number of analysts have recently issued reports on the stock. Barclays reaffirmed an “underweight” rating and set a $18.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $23.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 16th. Wall Street Zen raised shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of Plains All American Pipeline in a report on Friday, May 9th.

Institutional Trading of Plains All American Pipeline

Several hedge funds have recently added to or reduced their stakes in PAA. SG Americas Securities LLC purchased a new position in shares of Plains All American Pipeline in the fourth quarter valued at about $273,000. Caprock Group LLC purchased a new position in shares of Plains All American Pipeline in the fourth quarter valued at about $591,000. Spire Wealth Management increased its position in shares of Plains All American Pipeline by 14.8% in the fourth quarter. Spire Wealth Management now owns 20,824 shares of the pipeline company’s stock valued at $356,000 after acquiring an additional 2,691 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Plains All American Pipeline by 15.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 21,409 shares of the pipeline company’s stock valued at $366,000 after acquiring an additional 2,892 shares during the period. Finally, Apollon Wealth Management LLC increased its position in shares of Plains All American Pipeline by 3.4% in the fourth quarter. Apollon Wealth Management LLC now owns 48,217 shares of the pipeline company’s stock valued at $824,000 after acquiring an additional 1,607 shares during the period. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Stock Up 2.0%

PAA opened at $17.15 on Wednesday. The company has a fifty day moving average price of $17.36 and a 200-day moving average price of $18.42. The firm has a market capitalization of $12.06 billion, a P/E ratio of 23.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. Plains All American Pipeline has a one year low of $15.58 and a one year high of $21.00.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Equities research analysts expect that Plains All American Pipeline will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.86%. The ex-dividend date of this dividend was Thursday, May 1st. Plains All American Pipeline’s dividend payout ratio is presently 163.44%.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.