Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have been given a consensus rating of “Hold” by the twenty-six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $28.22.

A number of analysts have recently issued reports on the stock. Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, May 22nd. They noted that the move was a valuation call. UBS AG upgraded shares of Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Deutsche Bank AG lowered their price objective on shares of Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, May 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price objective on shares of Plains All American Pipeline, L.P. in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Plains All American Pipeline, L.P. in a report on Friday, July 21st.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at 21.67 on Friday. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 16.72 and a beta of 0.99. The stock’s 50 day moving average is $22.50 and its 200 day moving average is $27.06. Plains All American Pipeline, L.P. has a 52 week low of $18.82 and a 52 week high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The business had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the business earned ($0.12) earnings per share. Plains All American Pipeline, L.P.’s revenue for the quarter was up 22.8% on a year-over-year basis. Equities research analysts expect that Plains All American Pipeline, L.P. will post $1.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.55 dividend. The ex-dividend date was Thursday, July 27th. This represents a $2.20 annualized dividend and a dividend yield of 10.15%. Plains All American Pipeline, L.P.’s dividend payout ratio is currently 165.41%.

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Large investors have recently added to or reduced their stakes in the business. Rothschild Investment Corp IL increased its holdings in shares of Plains All American Pipeline, L.P. by 3.1% in the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after purchasing an additional 3,050 shares during the last quarter. Bollard Group LLC increased its holdings in shares of Plains All American Pipeline, L.P. by 2.0% in the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after purchasing an additional 6,461 shares during the last quarter. Bridges Investment Counsel Inc. increased its holdings in shares of Plains All American Pipeline, L.P. by 131.4% in the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after purchasing an additional 17,685 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Plains All American Pipeline, L.P. by 18.4% in the second quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after purchasing an additional 30,403 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Plains All American Pipeline, L.P. by 8.2% in the first quarter. Stifel Financial Corp now owns 621,628 shares of the pipeline company’s stock valued at $19,646,000 after purchasing an additional 47,348 shares during the last quarter. Hedge funds and other institutional investors own 42.08% of the company’s stock.

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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