2 weeks Ago By ABMN Staff
Plains All American Pipeline, L.P. ( NYSE:PAA – Get Free Report ) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports.
One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $20.10.
Several analysts have commented on the stock. 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 note on Wednesday, September 4th.
Morgan Stanley boosted their price objective on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, June 10th.
Finally, UBS Group boosted their target price on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd.
Check Out Our Latest Stock Report on Plains All American Pipeline Plains All American Pipeline Stock Up 1.1 % Plains All American Pipeline ( NYSE:PAA – Get Free Report ) last posted its earnings results on Friday, August 2nd. The pipeline company reported $0.
31 EPS for the quarter, meeting the consensus estimate of $0.31. Plains All American Pipeline had a return on equity of 11.
52% and a net margin of 2.07%. The firm had revenue of $12.
93 billion for the quarter, compared to analyst estimates of $12.32 billion. During the same quarter in the prior year, the company posted $0.
25 earnings per share. Plains All American Pipeline’s revenue for the quarter was up 11.5% compared to the same quarter last year.
Research analysts anticipate that Plains All American Pipeline will post 1.3 EPS for the current year. Plains All American Pipeline Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th.
Investors of record on Wednesday, July 31st were issued a dividend of $0.3175 per share. This represents a $1.
27 annualized dividend and a yield of 7.26%. The ex-dividend date was Wednesday, July 31st.
Plains All American Pipeline’s dividend payout ratio is currently 109.48%. Institutional Investors Weigh In On Plains All American Pipeline A number of institutional investors and hedge funds have recently modified their holdings of the business.
Sanctuary Advisors LLC bought a new stake in shares of Plains All American Pipeline during the second quarter worth approximately $862,000. Creekside Partners acquired a new position in Plains All American Pipeline during the second quarter valued at approximately $313,000. Cetera Investment Advisers grew its holdings in Plains All American Pipeline by 26.
5% during the second quarter. Cetera Investment Advisers now owns 198,990 shares of the pipeline company’s stock valued at $3,554,000 after purchasing an additional 41,638 shares during the period. Sunbelt Securities Inc.
boosted its holdings in shares of Plains All American Pipeline by 53.2% in the second quarter. Sunbelt Securities Inc.
now owns 3,795 shares of the pipeline company’s stock valued at $68,000 after buying an additional 1,318 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Plains All American Pipeline by 16.
3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after buying an additional 856 shares during the period.
41.78% of the stock is owned by institutional investors. About Plains All American Pipeline ( Get Free Report 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. See Also Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter .
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