Pembina Pipeline Corp (PBA) Given Consensus Rating of “Hold” by Brokerages

Shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) have earned a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company.

A number of brokerages have recently issued reports on PBA. Zacks Investment Research upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th.

Shares of Pembina Pipeline (PBA) opened at $30.94 on Monday. The stock has a market capitalization of $15,562.85, a PE ratio of 31.25 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.75. Pembina Pipeline has a 12-month low of $30.17 and a 12-month high of $36.99.

The company also recently disclosed a feb 18 dividend, which will be paid on Thursday, March 15th. Investors of record on Sunday, February 25th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a dividend yield of 0.00560224089635854%. Pembina Pipeline’s dividend payout ratio is 175.76%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at about $115,000. Tower Research Capital LLC TRC raised its holdings in shares of Pembina Pipeline by 78.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,979 shares of the pipeline company’s stock valued at $144,000 after buying an additional 1,755 shares in the last quarter. Benchmark Capital Advisors purchased a new position in shares of Pembina Pipeline during the 3rd quarter valued at about $204,000. Cidel Asset Management Inc. purchased a new position in shares of Pembina Pipeline during the 3rd quarter valued at about $206,000. Finally, V Wealth Management LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at about $213,000. 42.63% of the stock is currently owned by institutional investors.

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Pembina Pipeline 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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