Plains All American Pipeline, L.P. (NYSE:PAA) announced its quarterly earnings data on Monday. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.05, Briefing.com reports. Plains All American Pipeline, L.P. had a net margin of 6.66% and a return on equity of 20.01%. The firm had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the business earned ($0.12) earnings per share. The business’s revenue was up 22.8% compared to the same quarter last year.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 25.20 on Tuesday. Plains All American Pipeline, L.P. has a 52-week low of $23.21 and a 52-week high of $33.95. The company has a market capitalization of $18.26 billion, a P/E ratio of 23.42 and a beta of 0.95. The stock’s 50 day moving average is $25.75 and its 200 day moving average is $28.97.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Thursday, July 27th. Plains All American Pipeline, L.P.’s payout ratio is presently 239.13%.

A number of analysts have weighed in on PAA shares. Scotiabank restated a “buy” rating and issued a $36.00 target price on shares of Plains All American Pipeline, L.P. in a research report on Thursday, April 27th. Deutsche Bank AG cut their target price on shares of Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, May 30th. UBS AG restated a “buy” rating and issued a $33.00 target price (down previously from $34.00) on shares of Plains All American Pipeline, L.P. in a research report on Wednesday, May 10th. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, July 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $27.00 target price on shares of Plains All American Pipeline, L.P. in a research report on Friday, June 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.64.

Several hedge funds and other institutional investors have recently modified their holdings of PAA. Founders Capital Management acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at about $101,000. Trust Co. of Vermont raised its position in shares of Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock valued at $107,000 after buying an additional 3,150 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Plains All American Pipeline, L.P. by 23.3% in the first quarter. Parkside Financial Bank & Trust now owns 4,228 shares of the pipeline company’s stock valued at $134,000 after buying an additional 800 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at about $139,000. Finally, Princeton Portfolio Strategies Group LLC acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at about $153,000. Institutional investors own 44.01% of the company’s stock.

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Plains All American Pipeline, L.P. Company Profile

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.

Earnings History for Plains All American Pipeline, L.P. (NYSE:PAA)

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