Stifel Nicolaus set a $21.00 price target on Plains All American Pipeline, L.P. (NYSE:PAA) in a research note released on Monday. The brokerage currently has a hold rating on the pipeline company’s stock.

A number of other equities research analysts have also commented on PAA. UBS AG upgraded Plains All American Pipeline, L.P. from a market perform rating to an outperform rating in a research report on Monday, May 22nd. Raymond James Financial, Inc. set a $24.00 target price on Plains All American Pipeline, L.P. and gave the company a buy rating in a research report on Wednesday, August 9th. BidaskClub lowered Plains All American Pipeline, L.P. from a hold rating to a sell rating in a research report on Thursday, August 10th. Howard Weil lowered Plains All American Pipeline, L.P. from a sector outperform rating to a sector perform rating in a research report on Tuesday, August 8th. Finally, Citigroup Inc. reiterated a buy rating and issued a $28.00 target price (down previously from $33.50) on shares of Plains All American Pipeline, L.P. in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $29.22.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 20.49 on Monday. The firm has a 50-day moving average of $23.85 and a 200 day moving average of $27.71. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 15.81 and a beta of 0.95. Plains All American Pipeline, L.P. has a 12 month low of $18.82 and a 12 month high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. The firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. Plains All American Pipeline, L.P.’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. On average, analysts expect that Plains All American Pipeline, L.P. will post $1.48 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 10.74%. The ex-dividend date was Thursday, July 27th. Plains All American Pipeline, L.P.’s dividend payout ratio is currently 165.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Founders Capital Management bought a new stake in shares of Plains All American Pipeline, L.P. during the first quarter worth about $101,000. Trust Co. of Vermont increased its stake in shares of Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock worth $107,000 after buying an additional 3,150 shares during the period. BB&T Investment Services Inc. bought a new stake in shares of Plains All American Pipeline, L.P. during the second quarter worth about $108,000. IHT Wealth Management LLC bought a new stake in shares of Plains All American Pipeline, L.P. during the second quarter worth about $118,000. Finally, Advisory Services Network LLC increased its stake in shares of Plains All American Pipeline, L.P. by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after buying an additional 223 shares during the period. 42.08% of the stock is owned by hedge funds and other institutional investors.

About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

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