Plains All American Pipeline (NASDAQ:PAA) Upgraded at Truist Financial

Truist Financial upgraded shares of Plains All American Pipeline (NASDAQ:PAA) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Zacks Research cut shares of Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Scotiabank reiterated an “outperform” rating on shares of Plains All American Pipeline in a research note on Monday, February 9th. Morgan Stanley raised their price target on shares of Plains All American Pipeline from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Citigroup boosted their price target on shares of Plains All American Pipeline from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen downgraded Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.85.

Plains All American Pipeline Stock Down 0.3%

Shares of NASDAQ PAA opened at $22.15 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.97. The company has a market cap of $15.63 billion, a P/E ratio of 13.34, a P/E/G ratio of 3.48 and a beta of 0.59. Plains All American Pipeline has a 52 week low of $15.57 and a 52 week high of $22.42. The business has a 50-day moving average of $20.48.

Plains All American Pipeline (NASDAQ:PAA) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 3.21% and a return on equity of 10.76%. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year.

Plains All American Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a $0.4175 dividend. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.38. This represents a $1.67 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Friday, January 30th. Plains All American Pipeline’s payout ratio is 100.60%.

Hedge Funds Weigh In On Plains All American Pipeline

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Financial LLC increased its holdings in shares of Plains All American Pipeline by 1.0% in the 4th quarter. Summit Financial LLC now owns 61,265 shares of the company’s stock worth $1,100,000 after buying an additional 599 shares during the last quarter. Exencial Wealth Advisors LLC lifted its holdings in shares of Plains All American Pipeline by 1.5% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 40,909 shares of the company’s stock worth $698,000 after acquiring an additional 601 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Plains All American Pipeline by 40.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the company’s stock worth $41,000 after acquiring an additional 655 shares in the last quarter. Symphony Financial Services Inc. grew its position in Plains All American Pipeline by 1.4% in the fourth quarter. Symphony Financial Services Inc. now owns 52,496 shares of the company’s stock worth $943,000 after acquiring an additional 715 shares in the last quarter. Finally, Sippican Capital Advisors increased its stake in Plains All American Pipeline by 2.4% in the fourth quarter. Sippican Capital Advisors now owns 32,800 shares of the company’s stock valued at $589,000 after acquiring an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

More Plains All American Pipeline News

Here are the key news stories impacting Plains All American Pipeline this week:

• Positive Sentiment: Truist initiated coverage of PAA with a buy rating and set a $23 price target (~3.8% above the current price). This creates a near‑term analyst catalyst and a clear reference price for investors. Truist initiates coverage (MSN)
• Positive Sentiment: Truist/related reports also show an upgrade to “strong‑buy,” reinforcing the buy thesis from multiple coverage notes and potentially attracting demand from funds that follow analyst ratings. Zacks report
• Positive Sentiment: Unusually large options activity: traders bought ~20,343 call options (about +110% vs. average daily call volume). Heavy call buying is a short‑term bullish indicator and may signal institutional/hedge fund positioning or speculative interest ahead of catalysts.
• Neutral Sentiment: Several short‑interest entries report a “large increase” but show 0 shares and NaN changes—data appears inconsistent or erroneous. At face value this provides no reliable signal; investors should monitor corrected short‑interest filings for a clearer view.

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.