Plains All American Pipeline (NYSE:PAA) and FTAI Infrastructure Inc. (NASDAQ:FIP) both reached new 52-week highs in trading. Citigroup raised their price target on Plains All American Pipeline from $16.50 to $17.50, contributing to the stock's rise. The stock traded as high as $16.67 and last traded at $16.67. Plains All American Pipeline has a market capitalization of $11.71 billion, a price-to-earnings ratio of 11.94, and a beta of 1.59. The stock has a fifty-day moving average price of $15.67 and a two-hundred day moving average price of $15.41. Plains All American Pipeline recently reported better-than-expected earnings results for the quarter, with $0.42 EPS compared to the consensus estimate of $0.36. The company had revenue of $12.70 billion during the quarter. Plains All American Pipeline also increased its quarterly dividend to $0.3175 per share, representing a yield of 7.60%. Citigroup currently has a neutral rating on the stock. [95052de1]
FTAI Infrastructure Inc. reached a new 52-week high at $5.20. The stock had previously closed at $4.58. The company has a market capitalization of $498.44 million, a P/E ratio of -2.63, and a beta of 1.42. FTAI Infrastructure focuses on acquiring, developing, and operating assets and businesses in the transportation and energy industries in North America. [7f449bc9]
Pembina Pipeline Co. (NYSE:PBA) has received a consensus rating of 'Moderate Buy' from four analysts. Two analysts have rated the stock as hold, while two have assigned a buy rating. The average twelve-month price target for the stock is $44.75. Several brokerages have weighed in on PBA, with CIBC raising their price target to $57.00 and giving the stock an 'outperformer' rating. Scotiabank downgraded the stock from a 'strong-buy' to a 'hold' rating. TheStreet upgraded the stock from a 'c' rating to a 'b-' rating. Pembina Pipeline reported earnings of $0.54 per share for the quarter, meeting analysts' expectations. The company had revenue of $1.14 billion, compared to the expected $1.83 billion. Pembina Pipeline will pay a quarterly dividend of $0.501 per share, an increase from the previous dividend of $0.49. The ex-dividend date is June 17th, and the dividend will be paid on June 28th. Large investors have recently bought and sold shares of the company, with Guardian Capital Advisors LP increasing its position by 12.8% and UBS Group AG increasing its position by 24.2%. Pembina Pipeline Corporation provides energy transportation and midstream services, operating in three segments: Pipelines, Facilities, and Marketing & New Ventures. [6b8539ed]
Waterloo Capital L.P. has acquired 17,661 shares of FTAI Aviation Ltd. (NYSE:FTAI) valued at approximately $819,000. Other large investors have also added to or reduced their stakes in the stock. In other news, CEO Joseph P. Jr. Adams acquired 59,000 shares of FTAI Aviation stock. FTAI Aviation's stock is currently trading at $81.95. The company recently reported quarterly earnings of $0.31 per share, missing analysts' estimates of $0.37. FTAI Aviation also announced a quarterly dividend of $0.30 per share. Analysts have set a target price of $96.00 for the stock. [c262a74b]