US Capital Advisors upgraded shares of Plains All American Pipeline (NYSE:PAA) from a hold rating to an overweight rating in a research note published on Friday, The Fly reports.

PAA has been the subject of a number of other research reports. Morgan Stanley lifted their price objective on shares of Plains All American Pipeline from $26.00 to $27.00 and gave the company an overweight rating in a report on Friday, June 1st. ValuEngine cut shares of Plains All American Pipeline from a hold rating to a sell rating in a report on Tuesday, June 26th. Bank of America raised shares of Plains All American Pipeline from a neutral rating to a buy rating and set a $23.00 price objective for the company in a report on Wednesday, July 18th. Stifel Nicolaus lifted their price objective on shares of Plains All American Pipeline from $24.00 to $26.00 and gave the company a hold rating in a report on Wednesday, August 8th. Finally, SunTrust Banks reissued a buy rating and set a $29.00 target price on shares of Plains All American Pipeline in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $26.60.

PAA opened at $27.14 on Friday. Plains All American Pipeline has a fifty-two week low of $18.38 and a fifty-two week high of $27.70. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.63. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.22 and a beta of 0.81.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.15. Plains All American Pipeline had a net margin of 2.04% and a return on equity of 12.80%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.18 billion. equities analysts anticipate that Plains All American Pipeline will post 1.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Stockholders of record on Tuesday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date was Monday, July 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.42%. Plains All American Pipeline’s dividend payout ratio is currently 127.66%.

Several hedge funds have recently added to or reduced their stakes in PAA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Plains All American Pipeline during the second quarter worth about $179,640,000. Brookfield Asset Management Inc. grew its stake in Plains All American Pipeline by 236.3% during the 1st quarter. Brookfield Asset Management Inc. now owns 9,103,919 shares of the pipeline company’s stock valued at $200,560,000 after acquiring an additional 6,397,059 shares in the last quarter. Summit Trail Advisors LLC grew its stake in Plains All American Pipeline by 2,527.0% during the 1st quarter. Summit Trail Advisors LLC now owns 4,061,452 shares of the pipeline company’s stock valued at $4,061,000 after acquiring an additional 3,906,847 shares in the last quarter. Alps Advisors Inc. grew its stake in Plains All American Pipeline by 5.8% during the 2nd quarter. Alps Advisors Inc. now owns 35,094,693 shares of the pipeline company’s stock valued at $829,639,000 after acquiring an additional 1,910,142 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Plains All American Pipeline by 71.3% during the 1st quarter. BlackRock Inc. now owns 4,251,747 shares of the pipeline company’s stock valued at $93,666,000 after acquiring an additional 1,769,523 shares in the last quarter. 45.72% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

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