Plains All American Sale Boosts Dividend Appeal With Upgraded Price Targets

Plains All American Pipeline, L.P. (NASDAQ:PAA) is one of the 12 Best MLP Dividend Stocks to Buy According to Analysts.

The company saw its price target raised after the announcement to sell its Canadian NGL business.

Headquartered in Texas, Plains All American Pipeline, L.P. (NASDAQ:PAA) is a master limited partnership specializing in midstream energy infrastructure. The company owns approximately 18,300 miles of crude oil and NGL pipelines, along with extensive storage and gathering assets across the U.S. and Canada. Founded in 1981, the company currently handles close to 8 million barrels daily through its operations.

On June 17, 2025, Plains All American Pipeline, L.P. (NASDAQ:PAA) announced entering into an agreement with Keyera Corp to sell its Canadian NGL business. The transaction, approximately valued at C$5.15 billion, is expected to close in Q1 2026. Through the sale, the company intends to focus on its crude oil operations in North America and optimize its financial flexibility.

Following the sales, multiple analysts have increased their price target on the stock. Mizuho raised it from $20 to $22 on June 18, 2025, while keeping the Outperform rating. J.P. Morgan reflected the sentiment and raised the price target from $19 to $20 while keeping a Neutral rating.

With a 1-year upside potential of 13.64% and a dividend yield of 8.30%, Plains All American Pipeline, L.P. (NASDAQ:PAA) potentially attracts investors seeking a stable income and growth in investment.

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