On April 27, 2023 at 15:41:15 ET an unusually large $78.00K block of Call contracts in Plains All American Pipeline LP – Unit (PAA) was sold, with a strike price of $12.00 / share, expiring in 267 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 2.25 sigmas above the mean, placing it in the 99.79th percentile of all recent large trades made in PAA options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 411 funds or institutions reporting positions in Plains All American Pipeline LP – Unit. This is an increase of 15 owner(s) or 3.79% in the last quarter. Average portfolio weight of all funds dedicated to PAA is 0.58%, an increase of 2.81%. Total shares owned by institutions increased in the last three months by 2.08% to 431,646K shares. The put/call ratio of PAA is 0.48, indicating a bullish outlook.

Analyst Price Forecast Suggests 18.42% Upside

As of April 24, 2023, the average one-year price target for Plains All American Pipeline LP – Unit is $15.44. The forecasts range from a low of $8.08 to a high of $22.05. The average price target represents an increase of 18.42% from its latest reported closing price of $13.04.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Plains All American Pipeline LP – Unit is $66,892MM, an increase of 16.65%. The projected annual non-GAAP EPS is $1.37.

What are Other Shareholders Doing?

GoalVest Advisory holds 10K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 10K shares, representing an increase of 3.49%. The firm decreased its portfolio allocation in PAA by 0.26% over the last quarter.

Maryland State Retirement & Pension System holds 458K shares representing 0.07% ownership of the company. In it’s prior filing, the firm reported owning 108K shares, representing an increase of 76.39%. The firm increased its portfolio allocation in PAA by 242.38% over the last quarter.

Sippican Capital Advisors holds 33K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 33K shares, representing an increase of 0.61%. The firm decreased its portfolio allocation in PAA by 99.90% over the last quarter.

Samalin Investment Counsel holds 19K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 20K shares, representing a decrease of 3.32%. The firm decreased its portfolio allocation in PAA by 7.01% over the last quarter.

Bollard Group holds 903K shares representing 0.13% ownership of the company. In it’s prior filing, the firm reported owning 902K shares, representing an increase of 0.08%. The firm decreased its portfolio allocation in PAA by 99.90% over the last quarter.

Plains All American Pipeline LP – Unit Declares $0.27 Dividend

On April 6, 2023 the company declared a regular quarterly dividend of $0.27 per share ($1.07 annualized). Shareholders of record as of May 1, 2023 will receive the payment on May 15, 2023. Previously, the company paid $0.27 per share.

At the current share price of $13.04 / share, the stock’s dividend yield is 8.21%. Looking back five years and taking a sample every week, the average dividend yield has been 7.72%, the lowest has been 4.40%, and the highest has been 31.10%. The standard deviation of yields is 3.61 (n=237).

The current dividend yield is 0.13 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%.

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.

See all Plains All American Pipeline LP – Unit regulatory filings.

This article originally appeared on Fintel

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