Barclays downgraded shares of Plains All American Pipeline (NYSE:PAA) from an overweight rating to an equal weight rating in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has $26.00 target price on the pipeline company’s stock.

Several other equities research analysts have also recently weighed in on the company. Jefferies Group restated a buy rating and set a $25.00 target price on shares of Plains All American Pipeline in a report on Friday, January 12th. Bank of America assumed coverage on Plains All American Pipeline in a report on Tuesday, January 9th. They set a neutral rating for the company. Credit Suisse Group assumed coverage on Plains All American Pipeline in a report on Thursday, January 4th. They set an outperform rating and a $25.00 target price for the company. SunTrust Banks restated a hold rating and set a $24.00 target price on shares of Plains All American Pipeline in a report on Friday, November 10th. Finally, Robert W. Baird restated a hold rating and set a $21.00 target price on shares of Plains All American Pipeline in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Plains All American Pipeline currently has an average rating of Hold and a consensus target price of $26.42.

Shares of Plains All American Pipeline (PAA) traded down $0.33 during trading on Wednesday, hitting $22.58. The stock had a trading volume of 2,670,000 shares, compared to its average volume of 3,620,000. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78. The company has a market cap of $16,370.00, a price-to-earnings ratio of 26.26 and a beta of 1.00. Plains All American Pipeline has a 12-month low of $18.38 and a 12-month high of $33.01.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $6.24 billion. Plains All American Pipeline had a net margin of 3.22% and a return on equity of 9.06%. Plains All American Pipeline’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. analysts expect that Plains All American Pipeline will post 1.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.31%. The ex-dividend date is Tuesday, January 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 139.53%.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $20.25, for a total value of $205,962.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. purchased a new stake in Plains All American Pipeline in the 2nd quarter worth approximately $108,000. IHT Wealth Management LLC purchased a new stake in Plains All American Pipeline in the 2nd quarter worth approximately $118,000. Advisory Services Network LLC lifted its holdings in Plains All American Pipeline by 5.1% in the 2nd 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. Pathstone Family Office LLC purchased a new stake in Plains All American Pipeline in the 2nd quarter worth approximately $127,000. Finally, Spectrum Management Group Inc. purchased a new stake in Plains All American Pipeline in the 3rd quarter worth approximately $142,000. Institutional investors and hedge funds own 43.30% of the company’s stock.

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About Plains All American Pipeline

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 (NYSE:PAA)

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