Plains All American Pipeline, L.P. (NYSE:PAA) Given Consensus Recommendation of “Hold” by Analysts

Plains All American Pipeline, L.P. (NYSE:PAA) has received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $21.1818.

Several equities analysts have commented on PAA shares. Bank of America cut shares of Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 target price on the stock. in a research report on Wednesday, January 28th. Barclays increased their price target on Plains All American Pipeline from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Royal Bank Of Canada boosted their price objective on Plains All American Pipeline from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Citigroup upped their price objective on Plains All American Pipeline from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Mizuho set a $23.00 target price on Plains All American Pipeline in a research report on Friday, January 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PAA. Virtu Financial LLC raised its holdings in shares of Plains All American Pipeline by 222.8% in the 4th quarter. Virtu Financial LLC now owns 71,679 shares of the pipeline company’s stock worth $1,287,000 after purchasing an additional 49,477 shares during the period. Sunbelt Securities Inc. increased its position in Plains All American Pipeline by 8.3% in the fourth quarter. Sunbelt Securities Inc. now owns 33,569 shares of the pipeline company’s stock worth $603,000 after buying an additional 2,563 shares during the last quarter. Claris Financial LLC bought a new stake in shares of Plains All American Pipeline in the fourth quarter valued at $280,000. Invesco Ltd. lifted its position in shares of Plains All American Pipeline by 0.7% during the 4th quarter. Invesco Ltd. now owns 33,508,798 shares of the pipeline company’s stock valued at $601,818,000 after buying an additional 228,106 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in shares of Plains All American Pipeline by 14.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 60,681 shares of the pipeline company’s stock worth $1,090,000 after acquiring an additional 7,548 shares during the period. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Price Performance

Shares of NYSE:PAA opened at $22.00 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The stock has a market cap of $15.52 billion, a PE ratio of 30.14 and a beta of 0.58. The stock’s fifty day simple moving average is $19.53 and its two-hundred day simple moving average is $17.96. Plains All American Pipeline has a 1-year low of $15.57 and a 1-year high of $22.11.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Friday, February 6th. The pipeline company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter in the previous year, the company posted $0.42 earnings per share. Plains All American Pipeline’s quarterly revenue was down 12.2% compared to the same quarter last year. As a group, analysts forecast that Plains All American Pipeline will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a yield of 7.6%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, January 30th. Plains All American Pipeline’s dividend payout ratio is 100.60%.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.