Plains All American Pipeline (NASDAQ:PAA) Upgraded by Truist Financial to Strong-Buy Rating

Truist Financial upgraded shares of Plains All American Pipeline (NASDAQ:PAA) to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on PAA. Wells Fargo & Company boosted their price target on Plains All American Pipeline from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Bank of America cut Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 price objective for the company. in a report on Wednesday, January 28th. Barclays upped their target price 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. Stifel Nicolaus increased their target price on Plains All American Pipeline from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada raised 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 report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Plains All American Pipeline presently has a consensus rating of “Hold” and a consensus target price of $21.85.

Plains All American Pipeline Stock Up 2.0%

Shares of Plains All American Pipeline stock opened at $22.22 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The firm has a market cap of $15.68 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 3.41 and a beta of 0.59. Plains All American Pipeline has a twelve month low of $15.57 and a twelve month high of $22.42. The business has a 50-day simple moving average of $20.42.

Plains All American Pipeline (NASDAQ:PAA) last announced its earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business posted $0.42 EPS. The company’s quarterly revenue was down 12.2% compared to the same quarter last year.

Plains All American Pipeline Increases Dividend

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

Institutional Investors Weigh In On Plains All American Pipeline

A number of large investors have recently modified their holdings of PAA. World Investment Advisors increased its stake in shares of Plains All American Pipeline by 7.2% in the 4th quarter. World Investment Advisors now owns 21,542 shares of the company’s stock valued at $387,000 after purchasing an additional 1,442 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of Plains All American Pipeline by 222.8% during the 4th quarter. Virtu Financial LLC now owns 71,679 shares of the company’s stock worth $1,287,000 after buying an additional 49,477 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Plains All American Pipeline by 8.3% during the 4th quarter. Sunbelt Securities Inc. now owns 33,569 shares of the company’s stock worth $603,000 after buying an additional 2,563 shares during the last quarter. Claris Financial LLC bought a new stake in shares of Plains All American Pipeline during the 4th quarter worth $280,000. Finally, Invesco Ltd. boosted its stake in Plains All American Pipeline by 0.7% in the fourth quarter. Invesco Ltd. now owns 33,508,798 shares of the company’s stock valued at $601,818,000 after buying an additional 228,106 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline News Summary

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

• Positive Sentiment: Truist initiated coverage on PAA with a buy/strong-buy stance and a $23 price target, signaling analyst conviction that the stock has near-term upside (about 3.5% from the referenced price). MSN: Truist initiates coverage
• Positive Sentiment: Media reports note Truist set a buy rating and $23 PT, which likely triggered investor buying given the small implied upside and recent trading range near the 12‑month high. Benzinga: Truist buy rating, $23 PT
• Positive Sentiment: A Zacks feed item cites Truist upgrading PAA to “strong-buy,” reinforcing the broker-driven bullish narrative and supporting intraday upside momentum. Zacks: Truist upgrade to strong-buy
• Positive Sentiment: Unusually large options activity — ~20,343 call contracts traded (about +110% vs. the average daily call volume) — suggests speculative or hedged bullish positioning by traders that can amplify upward price moves in the near term. Options flow reported
• Neutral Sentiment: Short-interest posts show “0” shares and NaN changes across March filings, which appears to be a reporting/data anomaly rather than meaningful short-covering or new short bets; treat the short-interest data as unreliable until corrected by exchanges. Short interest data appears erroneous

Plains All American Pipeline Company Profile

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.