Plains All American Pipeline
PAA

$17.46

1.16%

Market Cap: $12.2B

About: Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Employees: 4,200

Energy Pipe Lines, Except Natural Gas

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

157% more call options, than puts

Call options by funds: $121M | Put options by funds: $47.1M

15% more repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 93

8% more funds holding in top 10

Funds holding in top 10: 13 [Q1] → 14 (+1) [Q2]

1% less capital invested

Capital invested by funds: $5.28B [Q1] → $5.23B (-$43.8M) [Q2]

1% less funds holding

Funds holding: 352 [Q1] → 348 (-4) [Q2]

1.57% less ownership

Funds ownership: 43.35% [Q1] → 41.79% (-1.57%) [Q2]

11% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 37

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$19

9%

upside

Avg. target

$20

15%

upside

High target

$22

26%

upside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

RBC Capital Elvira Scotto 67% 1-year accuracy 8 / 12 met price target	9%upside $19	Sector Perform Reiterated	4 Sept 2024
RBC Capital Elvira Scotto 67% 1-year accuracy 8 / 12 met price target	9%upside $19	Sector Perform Reiterated	13 Aug 2024
UBS Shneur Gershuni 69% 1-year accuracy 9 / 13 met price target	26%upside $22	Buy Maintained	2 Jul 2024

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Financial journalist opinion

Based on 6 articles about PAA published over the past 30 days

Zacks Investment Research

3 Oil & Gas Pipeline Stocks to Watch From a Prospering Industry

Midstream players secure additional cashflows from their huge backlog of growth projects, which brightens the outlook for the Zacks Oil and Gas - Pipeline MLP industry. Some of the frontrunners in the industry are Enterprise (EPD), Energy Transfer (ET), and Plains All American Pipeline (PAA).

3 Oil & Gas Pipeline Stocks to Watch From a Prospering Industry

2 Big Dividends That Are Worthy Of Your Retirement Portfolio

Current high interest rates provide an opportunity for retirement investors to secure defensive and meaningful dividend yields before rates potentially decline. Main Street Capital offers a robust 8.4% dividend yield, supported by strong credit metrics, diversified portfolios, and a conservative leverage profile. Plains All American Pipeline provides a 7.3% yield, backed by stable cash flows, healthy CapEx, and substantial dividend coverage, with potential for future increases.

2 Big Dividends That Are Worthy Of Your Retirement Portfolio

Market Jitters, Dividend Winners: 2 High-Yields To Buy Now

Recent market volatility has created attractive buying opportunities in high-yield stocks like Hercules Capital and Plains All American. HTGC offers a 10.4% total dividend yield, driven by a low-cost structure, strong portfolio performance, and robust operating fundamentals. PAA provides a very well-covered 7.3% distribution yield, supported by growing volumes, strong liquidity, and disciplined capital allocation.

Market Jitters, Dividend Winners: 2 High-Yields To Buy Now

Plains All American Pipeline Vs. Enbridge: Only One Is A Buy

ENB and PAA/PAGP are leading midstream businesses with attractive yields and strong balance sheets. ENB has a better long-term track record than PAA/PAGP, but PAA/PAGP has outperformed ENB recently. We compare them side-by-side and explain why we think only one of these is a Buy right now.

Plains All American Pipeline Vs. Enbridge: Only One Is A Buy

Plains All American: Flat Share Price But Improved Business, It Is Still A Buy

Plains All American has delivered a strong quarter yet again. Apart from healthy EBITDA dynamics, PAA raised the guidance, initiated some steps in the M&A field, and signed an attractive long-term agreement in NGL's segment. Despite these improvements and more favorable interest rate outlook, the share price has remained relatively flat since my previous article.

Plains All American: Flat Share Price But Improved Business, It Is Still A Buy

I'm Putting New Money To Work On These 6-7% Yields

In this article, I highlight two undervalued dividend stocks that may be good places for new money. Brookfield Renewable Partners offers strong growth and value with diversified renewable assets and steady revenue streams. Plains All American is a hidden strong performer with a large pipeline network, disciplined cost management, and well-covered distribution yield.

I'm Putting New Money To Work On These 6-7% Yields

Plains All American: 7.3% Yield And 190% Dividend Coverage

PAA offers a 7.3% distribution yield with strong coverage ratio and steady growth potential. The company has diversified assets, strong balance sheet, and strategic shift towards fee-based business. PAA's recent performance, acquisition strategy, and valuation make it a compelling choice for conservative investors.

Plains All American: 7.3% Yield And 190% Dividend Coverage

Zacks Investment Research

Here's Why Plains All American (PAA) Is a Great 'Buy the Bottom' Stock Now

After losing some value lately, a hammer chart pattern has been formed for Plains All American (PAA), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Plains All American (PAA) Is a Great 'Buy the Bottom' Stock Now

Plains All American Releases 2023 Sustainability Report

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced that the company's 2023 Sustainability Report Update is now available and can be accessed on the company's website at plains.com/sustainability. The update is also accessible directly at this link.

Plains All American Releases 2023 Sustainability Report

Plains All American Pipeline, L.P. (PAA) Q2 2024 Earnings Call Transcript

Plains All American Pipeline, L.P. (NASDAQ:PAA ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investor Relations Willie Chiang - Chairman and CEO Al Swanson - Executive Vice President and CFO Jeremy Goebel - Executive Vice President and CCO Chris Chandler - Executive Vice President and COO Conference Call Participants Tristan Richardson - Scotiabank Michael Blum - Wells Fargo Jeremy Tonet - JPMorgan Securities Manav Gupta - UBS Keith Stanley - Wolfe Research Spiro Dounis - Citi Neel Mitra - Bank of America AJ O'Donnell - TPH Sunil Sibal - Seaport Global Neal Dingmann - Truist Securities John Mackay - Goldman Sachs Operator Good day and thank you for standing by.

Plains All American Pipeline, L.P. (PAA) Q2 2024 Earnings Call Transcript

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