Plains All American Pipeline (NYSE:PAA) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.58 and traded as high as $19.22. Plains All American Pipeline shares last traded at $19.14, with a volume of 3,186,299 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Scotiabank reissued an “outperform” rating on shares of Plains All American Pipeline in a research note on Friday, January 16th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $22.00 price target (down from $24.00) on shares of Plains All American Pipeline in a research note on Friday, October 24th. Barclays reduced their price objective on shares of Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Morgan Stanley boosted their price objective on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.44.

Plains All American Pipeline Trading Up 0.2%

The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $13.50 billion, a P/E ratio of 26.22 and a beta of 0.59. The business has a fifty day moving average price of $17.89 and a 200 day moving average price of $17.58.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Wednesday, November 5th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.The business’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. On average, analysts expect that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current fiscal year.

Plains All American Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a $0.4175 dividend. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. This represents a $1.67 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, January 30th. Plains All American Pipeline’s payout ratio is presently 138.02%.

Institutional Investors Weigh In On Plains All American Pipeline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAA. Blue Trust Inc. lifted its position in Plains All American Pipeline by 76.1% during the 2nd quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock worth $32,000 after buying an additional 761 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Plains All American Pipeline in the third quarter valued at about $33,000. Caldwell Trust Co bought a new stake in Plains All American Pipeline during the third quarter worth about $38,000. Newbridge Financial Services Group Inc. raised its holdings in Plains All American Pipeline by 40.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 655 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in Plains All American Pipeline during the fourth quarter valued at approximately $42,000. 41.78% of the stock is currently owned by institutional investors and hedge funds.

About Plains All American Pipeline

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.