Pembina Pipeline Corp. (NYSE:PBA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pembina Pipeline in a report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Finally, Wall Street Zen downgraded Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mediolanum International Funds Ltd increased its stake in shares of Pembina Pipeline by 2.0% during the second quarter. Mediolanum International Funds Ltd now owns 14,760 shares of the pipeline company’s stock worth $551,000 after purchasing an additional 293 shares in the last quarter. MAI Capital Management increased its stake in Pembina Pipeline by 2.9% during the 2nd quarter. MAI Capital Management now owns 10,664 shares of the pipeline company’s stock worth $400,000 after buying an additional 302 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Pembina Pipeline by 8.9% during the second quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 307 shares during the last quarter. Midwest Professional Planners LTD. lifted its position in shares of Pembina Pipeline by 1.9% in the second quarter. Midwest Professional Planners LTD. now owns 16,890 shares of the pipeline company’s stock valued at $634,000 after acquiring an additional 312 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in shares of Pembina Pipeline by 2.5% in the third quarter. PFG Investments LLC now owns 13,000 shares of the pipeline company’s stock worth $526,000 after acquiring an additional 313 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

NYSE:PBA opened at $37.12 on Monday. The business’s 50-day simple moving average is $38.88 and its two-hundred day simple moving average is $37.93. Pembina Pipeline has a 52 week low of $34.13 and a 52 week high of $43.44. The stock has a market cap of $21.57 billion, a PE ratio of 17.43 and a beta of 0.75. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, November 6th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.14). Pembina Pipeline had a return on equity of 12.27% and a net margin of 23.24%.The business had revenue of $911.47 million for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts forecast that Pembina Pipeline will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, December 15th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 103.00%.

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.