Plains All American Pipeline, L.P. (NYSE:PAA) Receives Consensus Recommendation of "Hold" from Analysts

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) has earned an average rating of "Hold" from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.92.

A number of research firms recently commented on PAA. Wells Fargo & Company downgraded Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Raymond James upped their price objective on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 28th. Scotiabank reduced their target price on shares of 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 raised shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a report on Friday, January 10th. Finally, Barclays increased their price target on 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.

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Plains All American Pipeline Stock Performance

PAA traded up $0.20 on Friday, reaching $20.17. 1,697,275 shares of the stock were exchanged, compared to its average volume of 2,997,615. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The company's 50-day moving average price is $19.94 and its 200 day moving average price is $18.35. The firm has a market capitalization of $14.20 billion, a PE ratio of 27.63 and a beta of 1.62. Plains All American Pipeline has a fifty-two week low of $16.21 and a fifty-two week high of $21.00.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.38 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.52 dividend on an annualized basis and a yield of 7.54%. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. Plains All American Pipeline's dividend payout ratio (DPR) is currently 208.22%.

Hedge Funds Weigh In On Plains All American Pipeline

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of Plains All American Pipeline by 58.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,571 shares of the pipeline company's stock worth $125,439,000 after purchasing an additional 2,677,951 shares during the last quarter. ING Groep NV boosted its stake in shares of Plains All American Pipeline by 194.5% in the fourth quarter. ING Groep NV now owns 3,892,637 shares of the pipeline company's stock worth $66,486,000 after acquiring an additional 2,570,700 shares during the last quarter. Barclays PLC raised its stake in Plains All American Pipeline by 110.4% in the 4th quarter. Barclays PLC now owns 4,226,335 shares of the pipeline company's stock valued at $72,186,000 after purchasing an additional 2,218,014 shares during the last quarter. Invesco Ltd. boosted its stake in Plains All American Pipeline by 4.6% during the 4th quarter. Invesco Ltd. now owns 27,827,930 shares of the pipeline company's stock worth $475,301,000 after purchasing an additional 1,224,381 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Plains All American Pipeline by 8.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock worth $261,283,000 after buying an additional 1,211,286 shares in the last quarter. 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., 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.