Pembina Pipeline Corp. (NYSE:PBA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $60.00.

PBA has been the subject of a number of research reports. Zacks Research cut Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, December 16th. Finally, TD Securities lowered their price objective on shares of Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds have recently added to or reduced their stakes in PBA. JARISLOWSKY FRASER Ltd raised its stake in shares of Pembina Pipeline by 1,894.9% in the third quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company’s stock worth $356,468,000 after purchasing an additional 8,372,612 shares during the last quarter. Norges Bank bought a new stake in Pembina Pipeline during the second quarter worth $229,613,000. CIBC Asset Management Inc grew its holdings in Pembina Pipeline by 47.4% during the second quarter. CIBC Asset Management Inc now owns 7,547,536 shares of the pipeline company’s stock worth $283,823,000 after buying an additional 2,427,939 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in Pembina Pipeline in the 2nd quarter valued at $52,514,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Pembina Pipeline by 29.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,169,664 shares of the pipeline company’s stock valued at $193,094,000 after acquiring an additional 1,174,204 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $40.53 on Friday. The firm has a market capitalization of $23.55 billion, a P/E ratio of 20.26 and a beta of 0.66. The firm’s 50-day moving average price is $38.27 and its 200-day moving average price is $38.13. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. Pembina Pipeline has a 1-year low of $34.13 and a 1-year high of $42.40.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued 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). Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. The firm had revenue of $911.47 million during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

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

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.