Fintel reports that on January 10, 2025, Wolfe Research upgraded their outlook for Plains All American Pipeline, L.P. - Limited Partnership (NasdaqGS:PAA) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 9.39% Upside
As of December 23, 2024, the average one-year price target for Plains All American Pipeline, L.P. - Limited Partnership is $20.64/share. The forecasts range from a low of $17.68 to a high of $25.20. The average price target represents an increase of 9.39% from its latest reported closing price of $18.87 / share.
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The projected annual revenue for Plains All American Pipeline, L.P. - Limited Partnership is 38,022MM, a decrease of 24.51%. The projected annual non-GAAP EPS is 1.64.
What is the Fund Sentiment?
There are 439 funds or institutions reporting positions in Plains All American Pipeline, L.P. - Limited Partnership. This is an increase of 8 owner(s) or 1.86% in the last quarter. Average portfolio weight of all funds dedicated to PAA is 0.56%, an increase of 7.38%. Total shares owned by institutions decreased in the last three months by 2.16% to 419,027K shares. The put/call ratio of PAA is 0.30, indicating a bullish outlook.
What are Other Shareholders Doing?
AMLP - ALERIAN MLP ETF holds 63,571K shares representing 9.03% ownership of the company. In its prior filing, the firm reported owning 63,355K shares , representing an increase of 0.34%. The firm increased its portfolio allocation in PAA by 2.12% over the last quarter.
Alps Advisors holds 62,866K shares representing 8.93% ownership of the company. In its prior filing, the firm reported owning 63,678K shares , representing a decrease of 1.29%. The firm decreased its portfolio allocation in PAA by 6.77% over the last quarter.
Blackstone Group holds 30,190K shares representing 4.29% ownership of the company. In its prior filing, the firm reported owning 29,636K shares , representing an increase of 1.84%. The firm decreased its portfolio allocation in PAA by 19.06% over the last quarter.
Invesco holds 26,604K shares representing 3.78% ownership of the company. In its prior filing, the firm reported owning 27,276K shares , representing a decrease of 2.53%. The firm decreased its portfolio allocation in PAA by 92.55% over the last quarter.
Goldman Sachs Group holds 18,024K shares representing 2.56% ownership of the company. In its prior filing, the firm reported owning 17,755K shares , representing an increase of 1.49%. The firm decreased its portfolio allocation in PAA by 76.32% over 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.
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