Plains All American Pipeline said on April 6, 2023 that its board of directors declared a regular
quarterly dividend of $0.27 per share ($1.07 annualized).
Previously, the company paid $0.27 per share.
Shares must be purchased before the ex-div date of April 28, 2023 to qualify for the dividend.
Shareholders of record as of May 1, 2023
will receive the payment on May 15, 2023.
At the current share price of $13.01 / share,
the stock’s dividend yield is 8.22%.
Looking back five years and taking a sample every week, the average dividend yield has been
7.69%,
the lowest has been 4.40%,
and the highest has been 31.10%.
The standard deviation of yields is 3.62 (n=237).
The current dividend yield is
0.15 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.72.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.26%.
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What is the Fund Sentiment?
There are 404 funds or institutions reporting positions in Plains All American Pipeline.
This is an increase
of
7
owner(s) or 1.76% in the last quarter.
Average portfolio weight of all funds dedicated to PAA is 0.60%,
an increase
of 9.08%.
Total shares owned by institutions increased
in the last three months by 1.03% to 429,151K shares.
The put/call ratio of PAA is 0.45, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 18.22% Upside
As of April 7, 2023,
the average one-year price target for Plains All American Pipeline is $15.38.
The forecasts range from a low of $8.08 to a high of $22.05.
The average price target represents an increase of 18.22% from its latest reported closing price of $13.01.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Plains All American Pipeline
is $66,892MM, an increase of 16.65%.
The projected annual non-GAAP EPS
is $1.37.
What are Other Shareholders Doing?
Dnp Select Income Fund
holds 2,440K shares
representing 0.35% ownership of the company.
No change in the last quarter.
Texas Yale Capital
holds 314K shares
representing 0.05% ownership of the company.
In it’s prior filing, the firm reported owning 279K shares, representing
an increase
of 11.14%.
The firm
decreased
its portfolio allocation in PAA by 99.89% over the last quarter.
Natixis
holds 4,142K shares
representing 0.59% ownership of the company.
In it’s prior filing, the firm reported owning 2,990K shares, representing
an increase
of 27.82%.
The firm
increased
its portfolio allocation in PAA by 85.63% over the last quarter.
Conning
holds 19K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Valley National Advisers
holds 0K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Plains All American Pipeline Background Information
(This description is provided by the company.)
Plains is a publicly-traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids and natural gas. The company owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. The company is headquartered in Houston, Texas.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
