Plains All American Pipeline (NASDAQ:PAA) Sets New 52-Week High Following Analyst Upgrade

Plains All American Pipeline Lp (NASDAQ:PAA)’s stock price hit a new 52-week high during trading on Tuesday after Truist Financial upgraded the stock to a strong-buy rating. The stock traded as high as $22.30 and last traded at $22.3190, with a volume of 401684 shares. The stock had previously closed at $21.78.

Other equities research analysts also recently issued research reports about the company. Barclays increased their price objective on Plains All American Pipeline from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Scotiabank restated an “outperform” rating on shares of Plains All American Pipeline in a report on Monday, February 9th. UBS Group reaffirmed a “buy” rating on shares of Plains All American Pipeline in a report on Monday, February 9th. Bank of America lowered Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 price target for the company. in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada lifted their price target on Plains All American Pipeline from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.85.

Plains All American Pipeline News Roundup

Here are the key news stories impacting Plains All American Pipeline this week:

• Positive Sentiment: Truist initiated coverage of PAA with a buy rating and set a $23 price target (~3.8% above the current price). This creates a near‑term analyst catalyst and a clear reference price for investors. Truist initiates coverage (MSN)
• Positive Sentiment: Truist/related reports also show an upgrade to “strong‑buy,” reinforcing the buy thesis from multiple coverage notes and potentially attracting demand from funds that follow analyst ratings. Zacks report
• Positive Sentiment: Unusually large options activity: traders bought ~20,343 call options (about +110% vs. average daily call volume). Heavy call buying is a short‑term bullish indicator and may signal institutional/hedge fund positioning or speculative interest ahead of catalysts.
• Neutral Sentiment: Several short‑interest entries report a “large increase” but show 0 shares and NaN changes—data appears inconsistent or erroneous. At face value this provides no reliable signal; investors should monitor corrected short‑interest filings for a clearer view.

Institutional Trading of Plains All American Pipeline

A number of hedge funds have recently modified their holdings of the business. Alps Advisors Inc. raised its position in Plains All American Pipeline by 2.2% during the third quarter. Alps Advisors Inc. now owns 76,066,823 shares of the company’s stock valued at $1,297,700,000 after buying an additional 1,663,908 shares during the period. Invesco Ltd. boosted its position in Plains All American Pipeline by 0.7% during the 4th quarter. Invesco Ltd. now owns 33,508,798 shares of the company’s stock worth $601,818,000 after acquiring an additional 228,106 shares during the period. Goldman Sachs Group Inc. boosted its position in Plains All American Pipeline by 17.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 20,049,972 shares of the company’s stock worth $360,097,000 after acquiring an additional 3,033,216 shares during the period. Morgan Stanley grew its stake in Plains All American Pipeline by 40.2% during the 4th quarter. Morgan Stanley now owns 9,881,248 shares of the company’s stock valued at $177,467,000 after acquiring an additional 2,833,161 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in shares of Plains All American Pipeline by 2.9% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 9,542,156 shares of the company’s stock valued at $171,377,000 after purchasing an additional 265,555 shares during the period. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Down 0.3%

The company’s fifty day moving average price is $20.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a market cap of $15.63 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 3.48 and a beta of 0.59.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a return on equity of 10.76% and a net margin of 3.21%.During the same quarter last year, the firm earned $0.42 EPS. Plains All American Pipeline’s revenue for the quarter was down 12.2% on a year-over-year basis.

Plains All American Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $0.4175 per share. The ex-dividend date was Friday, January 30th. This represents a $1.67 annualized dividend and a dividend yield of 7.5%. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.38. Plains All American Pipeline’s dividend payout ratio is presently 100.60%.

About Plains All American Pipeline

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.