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

Shares of Pembina Pipeline Co. (NYSE:PBAGet Free Report) (TSE:PPL) have earned an average rating of “Moderate Buy” from the four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $44.75.

A number of analysts recently issued reports on PBA shares. CIBC increased their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Scotiabank lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. Finally, StockNews.com cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th.

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Pembina Pipeline Trading Down 0.8 %

PBA opened at $37.04 on Friday. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $37.47. The firm has a market cap of $21.47 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 5.34 and a beta of 1.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03. The firm’s fifty day moving average is $35.99 and its two-hundred day moving average is $34.82.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last posted its earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion. Equities research analysts anticipate that Pembina Pipeline will post 2.29 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.501 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.41%. The ex-dividend date is Monday, June 17th. Pembina Pipeline’s payout ratio is presently 85.65%.

Hedge Funds Weigh In On Pembina Pipeline

A number of large investors have recently modified their holdings of the business. ICA Group Wealth Management LLC bought a new stake in Pembina Pipeline during the fourth quarter worth about $25,000. Baystate Wealth Management LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after buying an additional 462 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in shares of Pembina Pipeline in the 1st quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Pembina Pipeline by 303.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock valued at $52,000 after buying an additional 1,142 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Company Profile

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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.

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