Plains All American Pipeline LP (NASDAQ:PAA) has a beta value of 0.66 and has seen 1.8 million shares traded in the recent trading session. The company, currently valued at $12.48B, closed the recent trade at $17.75 per share which meant it lost -$0.37 on the day or -2.07% during that session. The PAA stock price is -18.31% off its 52-week high price of $21.00 and 12.28% above the 52-week low of $15.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.23 million shares traded. The 3-month trading volume is 3.62 million shares.
The consensus among analysts is that Plains All American Pipeline LP (PAA) is Buy stock at the moment, with a recommendation rating of 2.40. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
Plains All American Pipeline LP (NASDAQ:PAA) trade information
Sporting -2.07% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PAA stock price touched $17.75 or saw a rise of 5.79%. Year-to-date, Plains All American Pipeline LP shares have moved 3.65%, while the 5-day performance has seen it change 0.03%. Over the past 30 days, the shares of Plains All American Pipeline LP (NASDAQ:PAA) have changed 6.00%. Short interest in the company has seen 10.81 million shares shorted with days to cover at 3.22.
Wall Street analysts have a consensus price target for the stock at $22, which means that the shares’ value could jump 19.32% from the levels at last check today.. The projected low price target is $18.0 while the price target rests at a high of $23.0. In that case, then, we find that the latest price level in today’s session is -29.58% off the targeted high while a plunge would see the stock gain -1.41% from the levels at last check today..
Plains All American Pipeline LP (PAA) estimates and forecasts
The company’s shares have gained 4.51% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.68% over the past 5 years. Earnings growth for 2025 is a modest 7.18% while over the next 5 years, the company’s earnings are expected to increase by 1.43%.
PAA Dividends
Plains All American Pipeline LP is expected to release its next earnings report on 2025-May-09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.40 at a share yield of 7.86%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.95%.
Plains All American Pipeline LP (NASDAQ:PAA)’s Major holders
Insiders own 34.03% of the company shares, while shares held by institutions stand at 41.09% with a share float percentage of 62.28%. Investors are also buoyed by the number of investors in a company, with Plains All American Pipeline LP having a total of 435.0 institutions that hold shares in the company. The top two institutional holders are ALPS ADVISORS INC with over 63.68 million shares worth more than $1.14 billion. As of 2024-06-30, ALPS ADVISORS INC held 9.0838% of shares outstanding.
The other major institutional holder is BLACKSTONE INC., with the holding of over 29.64 million shares as of 2024-06-30. The firm’s total holdings are worth over $529.3 million and represent 4.2277% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ALPS ETF TRUST-ALERIAN MLP ETF and AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. . As of Feb 28, 2025 , the former fund manager holds about 10.42% shares in the company for having 75.91 shares of worth $1.35 billion while later fund manager owns 17.43 shares of worth $311.01 million as of Feb 28, 2025 , which makes it owner of about 2.39% of company’s outstanding stock.
