Analysts Set Plains All American Pipeline, L.P. (NYSE:PAA) Target Price at $20.21

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) has been assigned a consensus recommendation of "Hold" from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $20.21.

PAA has been the subject of a number of analyst reports. Scotiabank reissued a "sector outperform" rating and issued a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 10th. Wolfe Research upgraded Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research report on Friday, November 15th. Barclays raised their price target on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, January 16th. Finally, Bank of America assumed coverage on shares of Plains All American Pipeline in a report on Thursday, October 17th. They issued a "neutral" rating and a $18.00 price target on the stock.

Hedge Funds Weigh In On Plains All American Pipeline

Hedge funds and other institutional investors have recently made changes to their positions in the business. Axiom Advisory LLC increased its stake in shares of Plains All American Pipeline by 5.2% during the third quarter. Axiom Advisory LLC now owns 15,300 shares of the pipeline company's stock valued at $274,000 after acquiring an additional 750 shares during the period. Eclectic Associates Inc. ADV increased its position in shares of Plains All American Pipeline by 7.6% during the 4th quarter. Eclectic Associates Inc. ADV now owns 12,100 shares of the pipeline company's stock valued at $207,000 after purchasing an additional 854 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 valued at $109,000 after purchasing an additional 856 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Plains All American Pipeline by 5.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 17,195 shares of the pipeline company's stock worth $294,000 after buying an additional 885 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Plains All American Pipeline by 5.1% in the third quarter. Thrivent Financial for Lutherans now owns 18,146 shares of the pipeline company's stock valued at $315,000 after buying an additional 887 shares during the period. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Stock Up 1.6 %

Shares of PAA stock traded up $0.32 during trading hours on Thursday, reaching $20.96. The company had a trading volume of 14,114,672 shares, compared to its average volume of 4,821,287. The stock's fifty day simple moving average is $18.32 and its 200 day simple moving average is $17.84. The company has a market capitalization of $14.75 billion, a P/E ratio of 18.71 and a beta of 1.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. Plains All American Pipeline has a twelve month low of $15.02 and a twelve month high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The company had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The business's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, sell-side analysts expect that Plains All American Pipeline will post 1.17 earnings per share for the current fiscal year.

Plains All American Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.38 per share. This is an increase from Plains All American Pipeline's previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Friday, January 31st. Plains All American Pipeline's dividend payout ratio is presently 113.39%.

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.