Plains All-American Pipeline LP (PAA & PAGP) Update 11/29/5

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Plains All-American Pipeline LP (PAA & PAGP) Update 11/29/5

Post by dan_s »

I have updated my forecast/valuation model for PAA. My valuation for PAA (an MLP) is $13.35. PAGP is a C-Corp that moves in lock step with PAA. It trades at a bit higher price just because it is a C-Corp.

TipRanks: "In the last 3 months, 7 ranked analysts set 12-month price targets for PAA. The average price target among the analysts is $12.50."

PAA and PAGP both pay quarterly dividends of $0.18. At today's price PAA's annualized yield is ~7.3%.

I do expect PAA and PAGP to raise their dividends in 2022. In 2019, they paid out $1.44 per share.
Dan Steffens
Energy Prospectus Group
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