Pembina Pipeline Co. (NYSE:PBA) Given Consensus Rating of “Hold” by Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have received an average recommendation of “Hold” from the three brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $47.33.

Several research analysts recently weighed in on the stock. CIBC boosted their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. StockNews.com downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Scotiabank downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter valued at about $25,000. Baystate Wealth Management LLC purchased a new stake in shares of Pembina Pipeline during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of Pembina Pipeline by 74.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 462 shares during the period. Beacon Capital Management LLC purchased a new stake in shares of Pembina Pipeline during the 1st quarter worth about $37,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Pembina Pipeline by 303.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 1,142 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 0.7 %

NYSE:PBA opened at $38.19 on Friday. The company has a market capitalization of $22.15 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 5.42 and a beta of 1.25. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.78. Pembina Pipeline has a 52-week low of $28.15 and a 52-week high of $39.00. The stock has a fifty day simple moving average of $37.29 and a 200-day simple moving average of $35.84.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. On average, equities research analysts expect that Pembina Pipeline will post 2.37 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a dividend of $0.501 per share. The ex-dividend date was Monday, June 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.25%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is currently 87.83%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.