Plains All American Pipeline L.P. (NYSE:PAA)’s share price fell 4.8% during trading on Wednesday . The company traded as low as $26.86 and last traded at $27.04, with a volume of 1,217,325 shares. The stock had previously closed at $28.41.

A number of research firms recently commented on PAA. Vetr raised shares of Plains All American Pipeline L.P. from a “sell” rating to a “hold” rating and set a $22.66 price target on the stock in a research report on Friday, April 29th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Plains All American Pipeline L.P. in a research note on Sunday, May 29th. SunTrust Banks Inc. assumed coverage on shares of Plains All American Pipeline L.P. in a research note on Tuesday, June 14th. They set a “neutral” rating and a $30.00 price objective on the stock. Zacks Investment Research downgraded shares of Plains All American Pipeline L.P. from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Morgan Stanley increased their price objective on shares of Plains All American Pipeline L.P. from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and three have given a buy rating to the company. Plains All American Pipeline L.P. currently has an average rating of “Hold” and a consensus price target of $29.17.

The company has a market capitalization of $10.80 billion and a P/E ratio of 54.76. The firm’s 50 day moving average is $27.67 and its 200-day moving average is $23.37.

Plains All American Pipeline L.P. (NYSE:PAA) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. During the same period last year, the company posted $0.57 EPS. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $6.79 billion. The business’s revenue for the quarter was down 30.8% compared to the same quarter last year. Equities research analysts expect that Plains All American Pipeline L.P. will post $1.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend is Wednesday, July 27th.

Several institutional investors have made changes to their positions in PAA. US Bancorp DE increased its position in shares of Plains All American Pipeline L.P. by 2.0% in the fourth quarter. US Bancorp DE now owns 93,015 shares of the company’s stock worth $2,149,000 after buying an additional 1,805 shares in the last quarter. Stephens Inc. AR increased its position in shares of Plains All American Pipeline L.P. by 11.7% in the fourth quarter. Stephens Inc. AR now owns 87,572 shares of the company’s stock worth $2,023,000 after buying an additional 9,191 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Plains All American Pipeline L.P. by 26.0% in the fourth quarter. BlackRock Advisors LLC now owns 446,233 shares of the company’s stock worth $10,308,000 after buying an additional 92,190 shares in the last quarter. First Trust Advisors LP increased its position in shares of Plains All American Pipeline L.P. by 63.0% in the fourth quarter. First Trust Advisors LP now owns 276,762 shares of the company’s stock worth $6,393,000 after buying an additional 106,995 shares in the last quarter. Finally, Atlantic Trust Group LLC increased its position in shares of Plains All American Pipeline L.P. by 10.3% in the fourth quarter. Atlantic Trust Group LLC now owns 5,102,970 shares of the company’s stock worth $117,879,000 after buying an additional 477,153 shares in the last quarter.

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. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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