Plains All American Pipeline, L.P. (NYSE:PAA) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) have received an average recommendation of "Hold" from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $20.21.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $22.00 to $20.00 in a research report on Wednesday, December 18th. Raymond James increased their price objective on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Wolfe Research raised shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 target price for the company in a research report 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. Finally, Barclays raised their target price on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th.

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Institutional Trading of Plains All American Pipeline

Several hedge funds and other institutional investors have recently bought and sold shares of PAA. Wilmington Savings Fund Society FSB acquired a new stake in Plains All American Pipeline in the 3rd quarter worth about $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Plains All American Pipeline in the 4th quarter worth about $27,000. National Bank of Canada FI acquired a new stake in Plains All American Pipeline in the 4th quarter worth about $27,000. Jones Financial Companies Lllp raised its stake in Plains All American Pipeline by 1,684.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after purchasing an additional 3,368 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in Plains All American Pipeline in the 4th quarter valued at about $97,000. Institutional investors and hedge funds own 41.78% of the company's stock.

Plains All American Pipeline Trading Down 0.7 %

PAA traded down $0.15 during mid-day trading on Monday, hitting $19.96. The stock had a trading volume of 2,757,209 shares, compared to its average volume of 4,344,776. The stock's fifty day simple moving average is $19.17 and its 200-day simple moving average is $18.10. 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 firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 27.34 and a beta of 1.65. Plains All American Pipeline has a 1-year low of $16.21 and a 1-year high of $21.00.

Plains All American Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.38 dividend. This is a boost from Plains All American Pipeline's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.52 annualized dividend and a yield of 7.62%. Plains All American Pipeline's payout ratio is 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.