Pembina Pipeline Corp (PBA) Stock Rating Upgraded by BidaskClub
Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other research analysts also recently issued reports on the company. National Bank Financial upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. Zacks Investment Research upgraded Pembina Pipeline Corp from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Friday, May 5th. AltaCorp Capital reiterated an “outperform” rating on shares of Pembina Pipeline Corp in a report on Wednesday, May 3rd. Finally, Desjardins downgraded Pembina Pipeline Corp from a “top pick” rating to a “buy” rating in a report on Monday, February 27th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.50.
Pembina Pipeline Corp (NYSE:PBA) traded up 0.09% on Tuesday, reaching $32.49. 348,476 shares of the company traded hands. Pembina Pipeline Corp has a 52-week low of $27.44 and a 52-week high of $33.56. The firm has a 50 day moving average price of $32.29 and a 200 day moving average price of $31.92. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 33.77 and a beta of 0.67.
The business also recently declared a jun 17 dividend, which will be paid on Saturday, July 15th. Shareholders of record on Sunday, June 25th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a yield of 4.61%. Pembina Pipeline Corp’s dividend payout ratio is 155.67%.
Several hedge funds have recently added to or reduced their stakes in PBA. Bank of Nova Scotia boosted its stake in Pembina Pipeline Corp by 14.3% in the first quarter. Bank of Nova Scotia now owns 1,672,575 shares of the pipeline company’s stock worth $53,003,000 after buying an additional 209,184 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Pembina Pipeline Corp by 18.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 19,000 shares of the pipeline company’s stock worth $600,000 after buying an additional 2,900 shares during the last quarter. HighTower Advisors LLC boosted its stake in Pembina Pipeline Corp by 1.2% in the first quarter. HighTower Advisors LLC now owns 7,730 shares of the pipeline company’s stock worth $245,000 after buying an additional 93 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in Pembina Pipeline Corp during the first quarter worth about $300,000. Finally, Paloma Partners Management Co acquired a new stake in Pembina Pipeline Corp during the first quarter worth about $755,000. 45.89% of the stock is owned by institutional investors.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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