Pembina Pipeline Co. (NYSE:PBA) to Issue Monthly Dividend of $0.16

Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) declared a monthly dividend on Thursday, May 5th, Zacks reports. Stockholders of record on Wednesday, May 25th will be given a dividend of 0.163 per share by the pipeline company on Wednesday, June 15th. This represents a $1.96 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Tuesday, May 24th.

Pembina Pipeline has raised its dividend payment by an average of 5.2% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Pembina Pipeline has a dividend payout ratio of 90.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Pembina Pipeline to earn $2.36 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 84.7%.

NYSE:PBA opened at $39.38 on Friday. Pembina Pipeline has a 12-month low of $28.89 and a 12-month high of $41.21. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $21.73 billion, a P/E ratio of 21.64, a P/E/G ratio of 5.96 and a beta of 1.25. The stock’s fifty day simple moving average is $37.72 and its 200-day simple moving average is $33.84.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last posted its quarterly earnings results on Thursday, February 24th. The pipeline company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $1.94 billion. Pembina Pipeline had a return on equity of 10.00% and a net margin of 13.81%. The firm’s revenue was up 52.4% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. As a group, equities research analysts expect that Pembina Pipeline will post 2.19 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA increased its position in shares of Pembina Pipeline by 12.8% in the fourth quarter. Glenmede Trust Co. NA now owns 10,125 shares of the pipeline company’s stock valued at $306,000 after acquiring an additional 1,150 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $307,000. Virtu Financial LLC increased its position in shares of Pembina Pipeline by 5.7% in the fourth quarter. Virtu Financial LLC now owns 10,981 shares of the pipeline company’s stock valued at $333,000 after acquiring an additional 594 shares during the last quarter. Forum Financial Management LP acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $343,000. Finally, Advisors Asset Management Inc. increased its position in shares of Pembina Pipeline by 7.1% in the fourth quarter. Advisors Asset Management Inc. now owns 26,313 shares of the pipeline company’s stock valued at $798,000 after acquiring an additional 1,743 shares during the last quarter. 55.44% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on PBA. StockNews.com began coverage on Pembina Pipeline in a report on Thursday, March 31st. They set a “hold” rating on the stock. Royal Bank of Canada lifted their target price on Pembina Pipeline from C$48.00 to C$49.00 in a report on Thursday, March 3rd. Credit Suisse Group upgraded Pembina Pipeline from a “neutral” rating to an “outperform” rating in a report on Monday, April 11th. Canaccord Genuity Group lifted their target price on Pembina Pipeline from C$47.00 to C$49.00 in a report on Wednesday, March 2nd. Finally, Raymond James lifted their target price on Pembina Pipeline from C$49.50 to C$50.00 in a report on Friday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $47.10.

About Pembina Pipeline (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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Dividend History for Pembina Pipeline (NYSE:PBA)

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