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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company.

PBA has been the subject of several recent research reports. Wall Street Zen cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Finally, Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently made changes to their positions in PBA. Cetera Investment Advisers lifted its holdings in shares of Pembina Pipeline by 6.2% during the 1st quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company’s stock valued at $1,933,000 after purchasing an additional 2,834 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Pembina Pipeline by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock worth $283,770,000 after buying an additional 3,108,920 shares during the period. Tectonic Advisors LLC lifted its stake in Pembina Pipeline by 64.6% in the second quarter. Tectonic Advisors LLC now owns 26,479 shares of the pipeline company’s stock valued at $993,000 after buying an additional 10,390 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Pembina Pipeline by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company’s stock valued at $62,839,000 after buying an additional 25,265 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Pembina Pipeline during the second quarter worth $1,658,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $39.21 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $42.40. The company has a market cap of $22.79 billion, a PE ratio of 19.61 and a beta of 0.63. The company’s 50-day moving average is $38.66 and its two-hundred day moving average is $37.95.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.14). Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The business had revenue of $911.47 million for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, December 15th. Pembina Pipeline’s dividend payout ratio is presently 103.50%.

Pembina Pipeline Company Profile

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.