Plains All American Pipeline Lp (NASDAQ:PAA) Receives $21.18 Consensus Target Price from Brokerages

Shares of Plains All American Pipeline Lp (NASDAQ:PAA) have been assigned an average rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.50.

PAA has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Plains All American Pipeline in a research note on Monday, December 29th. Barclays raised their price target on Plains All American Pipeline from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Morgan Stanley boosted their price objective on Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Stifel Nicolaus upped their price objective on Plains All American Pipeline from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Wall Street Zen cut Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th.

Institutional Investors Weigh In On Plains All American Pipeline

Institutional investors and hedge funds have recently modified their holdings of the stock. World Investment Advisors grew its stake in Plains All American Pipeline by 7.2% during the fourth quarter. World Investment Advisors now owns 21,542 shares of the company’s stock valued at $387,000 after acquiring an additional 1,442 shares in the last quarter. Virtu Financial LLC lifted its stake in Plains All American Pipeline by 222.8% in the 4th quarter. Virtu Financial LLC now owns 71,679 shares of the company’s stock worth $1,287,000 after purchasing an additional 49,477 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Plains All American Pipeline by 8.3% in the 4th quarter. Sunbelt Securities Inc. now owns 33,569 shares of the company’s stock worth $603,000 after purchasing an additional 2,563 shares in the last quarter. Claris Financial LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter valued at about $280,000. Finally, Invesco Ltd. grew its position in shares of Plains All American Pipeline by 0.7% during the fourth quarter. Invesco Ltd. now owns 33,508,798 shares of the company’s stock valued at $601,818,000 after purchasing an additional 228,106 shares in the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Up 0.4%

NASDAQ PAA traded up $0.09 on Friday, reaching $21.30. 354,617 shares of the stock were exchanged, compared to its average volume of 3,748,966. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.92. Plains All American Pipeline has a one year low of $15.57 and a one year high of $22.29. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 3.42 and a beta of 0.59. The firm’s 50-day moving average price is $19.90.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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%.Plains All American Pipeline’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share.

Plains All American Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 7.8%. The ex-dividend date was Friday, January 30th. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.38. Plains All American Pipeline’s dividend payout ratio is currently 100.60%.

About Plains All American Pipeline

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.