Traders sold shares of Plains All American Pipeline, L.P. (NYSE:PAA) on strength during trading on Friday. $12.26 million flowed into the stock on the tick-up and $56.08 million flowed out of the stock on the tick-down, for a money net flow of $43.82 million out of the stock. Of all stocks tracked, Plains All American Pipeline had the 0th highest net out-flow for the day. Plains All American Pipeline traded up $0.38 for the day and closed at $23.96
A number of research firms recently commented on PAA. BMO Capital Markets set a $25.00 price target on Plains All American Pipeline and gave the stock a “buy” rating in a report on Tuesday, October 17th. Credit Suisse Group began coverage on Plains All American Pipeline in a report on Thursday, January 4th. They set an “outperform” rating and a $25.00 price target for the company. Bank of America began coverage on Plains All American Pipeline in a report on Tuesday, January 9th. They set a “neutral” rating for the company. Robert W. Baird set a $20.00 price target on Plains All American Pipeline and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, Stifel Nicolaus lifted their price target on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.53.
The firm has a market capitalization of $17,375.53, a price-to-earnings ratio of 28.87 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 1.20.
Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue was up 13.6% on a year-over-year basis. research analysts anticipate that Plains All American Pipeline, L.P. will post 1.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Tuesday, January 30th. Plains All American Pipeline’s dividend payout ratio is presently 130.44%.
In other news, VP Chris Herbold sold 10,171 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $20.25, for a total transaction of $205,962.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.
Large investors have recently modified their holdings of the company. BB&T Investment Services Inc. bought a new stake in shares of Plains All American Pipeline during the second quarter worth approximately $108,000. IHT Wealth Management LLC acquired a new stake in shares of Plains All American Pipeline in the second quarter valued at approximately $118,000. Advisory Services Network LLC raised its position in shares of Plains All American Pipeline by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after buying an additional 223 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Plains All American Pipeline in the second quarter valued at approximately $127,000. Finally, Spectrum Management Group Inc. acquired a new stake in shares of Plains All American Pipeline in the third quarter valued at approximately $142,000. Institutional investors own 43.41% of the company’s stock.
About Plains All American Pipeline
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.
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