Pembina Pipeline (NYSE:PBA) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.10 and traded as high as $39.73. Pembina Pipeline shares last traded at $39.70, with a volume of 1,045,028 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on PBA. TD Securities lowered their target price on Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Zacks Research downgraded shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Pembina Pipeline Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77. The stock has a market cap of $23.07 billion, a P/E ratio of 19.85 and a beta of 0.66. The firm’s 50-day moving average is $38.24 and its two-hundred day moving average is $38.10.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its 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). The business had revenue of $911.47 million during 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 business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, research analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 7.2%. The ex-dividend date was Monday, December 15th. Pembina Pipeline’s dividend payout ratio (DPR) is 101.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PBA. Tectonic Advisors LLC increased its position in shares of Pembina Pipeline by 64.6% during the second quarter. Tectonic Advisors LLC now owns 26,479 shares of the pipeline company’s stock valued at $993,000 after purchasing an additional 10,390 shares during the period. Quantbot Technologies LP boosted its stake in Pembina Pipeline by 66.3% during the second quarter. Quantbot Technologies LP now owns 76,566 shares of the pipeline company’s stock worth $2,872,000 after buying an additional 30,523 shares in the last quarter. First Trust Advisors LP increased its holdings in Pembina Pipeline by 411.1% in the 2nd quarter. First Trust Advisors LP now owns 1,247,976 shares of the pipeline company’s stock valued at $46,820,000 after buying an additional 1,003,819 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Pembina Pipeline by 14.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,629,929 shares of the pipeline company’s stock valued at $61,139,000 after buying an additional 201,096 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Pembina Pipeline during the 2nd quarter worth about $1,658,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

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.