Plains All American Pipeline, L.P. (NYSE:PAA) Receives $20.10 Average Price Target from Analysts

Plains All American Pipeline, L.P. (NYSE:PAA) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.10.

A number of equities analysts recently commented on PAA shares. UBS Group raised their price target on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Morgan Stanley raised their price target on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Wednesday, September 4th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in Plains All American Pipeline in the 2nd quarter valued at approximately $862,000. Creekside Partners bought a new position in Plains All American Pipeline during the 2nd quarter worth approximately $313,000. Cetera Investment Advisers raised its holdings in Plains All American Pipeline by 26.5% during the 2nd quarter. Cetera Investment Advisers now owns 198,990 shares of the pipeline company’s stock worth $3,554,000 after purchasing an additional 41,638 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Plains All American Pipeline by 53.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 1,318 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Plains All American Pipeline by 16.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock worth $109,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Price Performance

Shares of PAA opened at $17.49 on Friday. The firm has a market capitalization of $12.26 billion, a PE ratio of 15.08 and a beta of 1.60. The company’s 50-day moving average is $17.71 and its 200-day moving average is $17.64. Plains All American Pipeline has a fifty-two week low of $14.25 and a fifty-two week high of $19.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.00 and a quick ratio of 0.90.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. The business had revenue of $12.93 billion for the quarter, compared to analyst estimates of $12.32 billion. During the same period last year, the firm earned $0.25 earnings per share. Plains All American Pipeline’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts forecast that Plains All American Pipeline will post 1.3 EPS for the current year.

Plains All American Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a $0.3175 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.27 dividend on an annualized basis and a yield of 7.26%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 109.48%.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.