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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $60.00.

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. TD Securities dropped their price target on shares of Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Tuesday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pembina Pipeline during the 3rd quarter valued at about $31,000. Westside Investment Management Inc. lifted its stake in Pembina Pipeline by 100.0% in the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after buying an additional 404 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in shares of Pembina Pipeline by 441.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after buying an additional 750 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $40,000. Finally, Larson Financial Group LLC grew its position in shares of Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after buying an additional 259 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $40.53 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.53. Pembina Pipeline has a 52 week low of $34.13 and a 52 week high of $42.40. The firm has a market cap of $23.55 billion, a PE ratio of 20.26 and a beta of 0.66. The firm’s fifty day moving average is $38.27 and its 200-day moving average is $38.13.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced 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). The company had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. Sell-side analysts predict that Pembina Pipeline will post 2.15 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Monday, December 15th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 101.50%.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.