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

Shares of Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $52.38.

A number of brokerages have issued reports on PBA. StockNews.com began coverage on Pembina Pipeline in a research note on Thursday, March 16th. They issued a “hold” rating for the company. CIBC raised their target price on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Monday, February 27th. Credit Suisse Group cut their target price on Pembina Pipeline from C$54.00 to C$53.00 in a research note on Wednesday, April 5th. Scotiabank raised their target price on Pembina Pipeline from C$50.00 to C$51.00 in a research note on Monday, February 27th. Finally, National Bank Financial raised their target price on Pembina Pipeline from C$46.00 to C$47.00 in a research note on Friday, January 27th.

Pembina Pipeline Trading Down 0.4 %

Shares of PBA stock opened at $32.41 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.67 and a quick ratio of 0.53. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 5.13 and a beta of 1.28. The stock has a 50 day simple moving average of $32.51 and a 200-day simple moving average of $33.73. Pembina Pipeline has a 1-year low of $29.59 and a 1-year high of $42.74.

Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 23rd. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.23). Pembina Pipeline had a net margin of 26.15% and a return on equity of 14.52%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, equities research analysts expect that Pembina Pipeline will post 2.11 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.493 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 14th. This represents a $1.97 annualized dividend and a yield of 6.08%. Pembina Pipeline’s payout ratio is 52.39%.

Institutional Trading of Pembina Pipeline

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Pembina Pipeline by 3.4% during the third quarter. Vanguard Group Inc. now owns 19,783,270 shares of the pipeline company’s stock worth $600,818,000 after purchasing an additional 641,772 shares in the last quarter. Mackenzie Financial Corp increased its stake in Pembina Pipeline by 4.1% during the first quarter. Mackenzie Financial Corp now owns 11,275,677 shares of the pipeline company’s stock worth $365,233,000 after acquiring an additional 440,185 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Pembina Pipeline by 1.3% in the fourth quarter. Toronto Dominion Bank now owns 9,185,493 shares of the pipeline company’s stock valued at $327,483,000 after buying an additional 119,814 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Pembina Pipeline by 5.0% in the first quarter. National Bank of Canada FI now owns 7,745,013 shares of the pipeline company’s stock valued at $250,620,000 after buying an additional 371,913 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Pembina Pipeline by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 7,260,579 shares of the pipeline company’s stock valued at $246,501,000 after purchasing an additional 385,520 shares during the last quarter. 55.08% of the stock is currently owned by hedge funds and other institutional investors.

About Pembina Pipeline

(Get Rating)

Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure.