Plains All American Pipeline LP (NASDAQ: PAA) is 18.42% higher on its value in year-to-date trading and has touched a low of $14.46 and a high of $19.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAA stock was last observed hovering at around $17.82 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $17.94, the stock is 4.68% and 3.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing 0.67% at the moment leaves the stock 3.01% off its SMA200. PAA registered 15.22% gain for a year compared to 6-month gain of 5.22%. The firm has a 50-day simple moving average (SMA 50) of $17.3694 and a 200-day simple moving average (SMA200) of $17.4166.
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The stock witnessed a 4.91% loss in the last 1 month and extending the period to 3 months gives it a 0.17%, and is 4.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 2.00% over the month.
Plains All American Pipeline LP (PAA) has around 4200 employees, a market worth around $12.71B and $50.57B in sales. Current P/E ratio is 15.96 and Fwd P/E is 12.56. Profit margin for the company is 1.56%. Distance from 52-week low is 24.07% and -6.42% from its 52-week high. The company has generated returns on investments over the last 12 months (4.45%).
with sales reaching $13.87B over the same period.The EPS is expected to shrink by -6.32% this year, but quarterly earnings will post 6.32% year-over-year. Quarterly sales are estimated to grow 9.21% in year-over-year returns.
Plains All American Pipeline LP (PAA) Top Institutional Holders
408.0 institutions hold shares in Plains All American Pipeline LP (PAA), with institutional investors hold 63.67% of the company’s shares. The shares outstanding are 701.01M, and float is at 455.83M with Short Float at 2.06%. Institutions hold 42.03% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 63.68 million shares valued at $1.14 billion. The investor’s holdings represent 9.0838% of the PAA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKSTONE INC. with 29.64 million shares valued at $529.3 million to account for 4.2277 of the shares outstanding. The other top investors are INVESCO LTD. which holds 27.28 million shares representing 3.891% and valued at over $487.15 million, while TORTOISE CAPITAL ADVISORS, L.L.C. holds 2.6896 of the shares totaling 18.85 million with a market value of $336.73 million.
Plains All American Pipeline LP (PAA) Insider Activity
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