Pembina Pipeline (NYSE:PBA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.37 and traded as high as $44.63. Pembina Pipeline shares last traded at $44.5860, with a volume of 1,407,644 shares.

Analyst Ratings Changes

Several research analysts recently weighed in on PBA shares. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, February 27th. Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. TD Securities cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. raised their target price on Pembina Pipeline from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $60.00.

Pembina Pipeline Stock Performance

The firm has a fifty day moving average price of $43.75 and a 200 day moving average price of $40.37. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The firm has a market cap of $25.92 billion, a PE ratio of 23.47 and a beta of 0.62.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Pembina Pipeline’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, equities research analysts expect that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Monday, March 16th. Pembina Pipeline’s payout ratio is currently 109.47%.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of PBA. Purpose Unlimited Inc. purchased a new position in Pembina Pipeline in the fourth quarter valued at $22,201,000. Caitong International Asset Management Co. Ltd increased its holdings in Pembina Pipeline by 103.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,535 shares of the pipeline company’s stock worth $58,000 after purchasing an additional 779 shares during the period. Tobam acquired a new stake in Pembina Pipeline in the 4th quarter valued at about $28,000. Beacon Pointe Advisors LLC purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at about $314,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Pembina Pipeline by 30.0% in the 4th quarter. NewEdge Advisors LLC now owns 12,669 shares of the pipeline company’s stock valued at $482,000 after buying an additional 2,920 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Company Profile

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.