Plains All American Pipeline
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
112% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 17
59% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 78
30% more call options, than puts
Call options by funds: $106M | Put options by funds: $81.6M
3% more funds holding
Funds holding: 352 [Q2] → 363 (+11) [Q3]
1.19% less ownership
Funds ownership: 43.89% [Q2] → 42.69% (-1.19%) [Q3]
5% less capital invested
Capital invested by funds: $5.5B [Q2] → $5.2B (-$298M) [Q3]
36% less funds holding in top 10
Funds holding in top 10: 14 [Q2] → 9 (-5) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$19
5%
downside
Avg. target
$20
0%
upside
High target
$23
15%
upside
5 analyst ratings
1 positive
20%
3 neutral
60%
1 negative
20%
Barclays Theresa Chen 32% 1-year accuracy 9 / 28 met price target | 5%downside $19 | Underweight Maintained | 16 Jan 2025 |
Scotiabank Holly Stewart 100% 1-year accuracy 3 / 3 met price target | 15%upside $23 | Sector Outperform Reinstated | 10 Jan 2025 |
Wells Fargo Michael Blum 79% 1-year accuracy 27 / 34 met price target | 0%downside $20 | Equal-Weight Downgraded | 18 Dec 2024 |
RBC Capital Elvira Scotto 94% 1-year accuracy 30 / 32 met price target | 5%downside $19 | Sector Perform Reiterated | 15 Nov 2024 |
Morgan Stanley Robert Kad 64% 1-year accuracy 9 / 14 met price target | 5%downside $19 | Equal-Weight Downgraded | 25 Oct 2024 |
Financial journalist opinion
Based on 16 articles about PAA published over the past 30 days
Positive
Zacks Investment Research
8 hours ago
Energy Turns From Laggard to Leader: 5 Stock Winners
The energy sector is leading in the initial weeks of 2025 after lagging over the past two years.
Positive
Zacks Investment Research
5 days ago
4 Stocks Trading Near 52-Week High With More Upside Potential
Stocks like PAA, NFG, SUN and SM are seeing price strength and have a high chance of carrying the momentum forward.
Positive
Zacks Investment Research
6 days ago
Plains All American Pipeline (PAA) Just Flashed Golden Cross Signal: Do You Buy?
After reaching an important support level, Plains All American Pipeline, L.P. (PAA) could be a good stock pick from a technical perspective.
Neutral
Seeking Alpha
6 days ago
Plains All American's Strong Permian Performance Reflects Strong Demand
Plains delivered a strong operational quarter, expecting to hit the top end of 2024 adjusted EBITDA guidance of $2.725 billion to $2.775 billion. Anticipating $1.45 billion in adjusted free cash flow for 2024, with $1.15 billion allocated to common and preferred distributions. Permian volume growth remains on track, with efficiencies offsetting lower horizontal rig counts, and the Fort Saskatchewan project is on schedule for 2025.
Neutral
GlobeNewsWire
1 week ago
Plains All American Announces Pricing of Public Offering of $1 Billion of Senior Notes
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the “Offering”) of $1 billion aggregate principal amount of 5.950% senior unsecured notes due 2035 at a price to the public of 99.761% of their face value. The Offering is expected to close on January 15, 2025, subject to the satisfaction of customary closing conditions.
Positive
Zacks Investment Research
1 week ago
5 Stocks With Upgraded Broker Ratings to Invest in Now
Brokers have deeper insights into stocks and the macroeconomic backdrop. One must follow broker rating upgrades to pick stocks like RL, PAA, EAT, EVER & AAL.
Positive
Zacks Investment Research
1 week ago
Plains All American (PAA) Soars 6.2%: Is Further Upside Left in the Stock?
Plains All American (PAA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Positive
The Motley Fool
1 week ago
This More Than 7%-Yielding Dividend Stock Is Making $670 Million of Acquisitions to Help Fuel a Monster Payment Boost for 2025
Plains All American Pipeline (PAA 6.24%) already offers investors a lucrative income stream. The master limited partnership's (MLP) distribution yield is currently over 7%, which is well above the S&P 500's 1.2% dividend yield.
Positive
Zacks Investment Research
1 week ago
Plains All American to Boost Operations With Three Bolt-on Acquisitions
PAA announces bolt-on acquisitions. This should allow it to accelerate its growth strategy by adding high-quality assets adjacent to its existing integrated footprint.
Neutral
Business Wire
1 week ago
EnCap Flatrock Midstream Completes Two Transactions with Plains All American
SAN ANTONIO--(BUSINESS WIRE)--EnCap Flatrock Midstream (“EFM”) today announced the execution of two separate definitive agreements to sell Ironwood Midstream Energy Partners II, LLC (“Ironwood II” or the “Company”) and all EFM-owned and outstanding Plains Series A Preferred Units to Plains All American, L.P. (NYSE: PAA) for over $800 million in cash. The transactions are expected to close in the first quarter of 2025, subject to customary closing conditions, including regulatory approvals. “Thi.
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