Analysts Set Plains All American Pipeline, L.P. (NYSE:PAA) PT at $20.50

Shares of Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) have been assigned an average rating of "Hold" from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.36.

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on Plains All American Pipeline from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 25th. Raymond James upped their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a research report on Tuesday, January 28th. Scotiabank lowered their price target on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. Wolfe Research upgraded shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a report on Friday, January 10th. Finally, Barclays lowered their target price on shares of Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th.

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. Inscription Capital LLC acquired a new stake in Plains All American Pipeline during the first quarter worth about $501,000. Ritholtz Wealth Management purchased a new stake in Plains All American Pipeline in the 1st quarter worth approximately $302,000. Hennessy Advisors Inc. grew its stake in shares of Plains All American Pipeline by 4.2% during the 1st quarter. Hennessy Advisors Inc. now owns 438,196 shares of the pipeline company's stock worth $8,764,000 after purchasing an additional 17,570 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Plains All American Pipeline by 61.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,070 shares of the pipeline company's stock valued at $1,521,000 after purchasing an additional 28,916 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC lifted its stake in shares of Plains All American Pipeline by 2.5% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock valued at $569,000 after purchasing an additional 685 shares during the period. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Stock Up 1.4 %

Shares of Plains All American Pipeline stock traded up $0.24 on Tuesday, reaching $17.74. The stock had a trading volume of 2,799,958 shares, compared to its average volume of 3,081,159. Plains All American Pipeline has a 1 year low of $15.58 and a 1 year high of $21.00. The company has a 50 day moving average price of $19.18 and a 200 day moving average price of $18.44. 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 stock has a market capitalization of $12.48 billion, a P/E ratio of 24.30 and a beta of 1.17.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.52 annualized dividend and a dividend yield of 8.57%. Plains All American Pipeline's dividend payout ratio (DPR) is presently 208.22%.

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.