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

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have received a consensus recommendation of “Hold” from the three ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $44.75.

PBA has been the topic of several recent research reports. StockNews.com cut Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. CIBC increased their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Finally, Scotiabank lowered 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

Several large investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in Pembina Pipeline in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC purchased a new position in shares of Pembina Pipeline in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Pembina Pipeline by 74.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in shares of Pembina Pipeline during the first quarter valued at $37,000. Finally, First Horizon Advisors Inc. increased its holdings in Pembina Pipeline by 303.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after buying an additional 1,142 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Down 0.1 %

NYSE:PBA opened at $37.18 on Wednesday. The company has a 50-day moving average price of $36.73 and a 200-day moving average price of $35.39. The stock has a market cap of $21.56 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 5.33 and a beta of 1.25. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. Pembina Pipeline has a 12 month low of $28.15 and a 12 month high of $37.90.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, May 9th. The pipeline company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.83 billion. Equities analysts predict that Pembina Pipeline will post 2.33 EPS for the current year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.501 per share. This represents a $2.00 annualized dividend and a yield of 5.39%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, June 17th. Pembina Pipeline’s dividend payout ratio is 86.96%.

About Pembina Pipeline

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.