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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $60.00.

Several brokerages have recently commented on PBA. Zacks Research raised Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. TD Securities cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PBA. Vanguard Group Inc. grew its position in Pembina Pipeline by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 27,233,442 shares of the pipeline company’s stock valued at $1,037,512,000 after acquiring an additional 541,615 shares during the period. FIL Ltd raised its holdings in shares of Pembina Pipeline by 2.6% in the 4th quarter. FIL Ltd now owns 13,978,558 shares of the pipeline company’s stock worth $532,541,000 after purchasing an additional 359,109 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Pembina Pipeline by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,828,960 shares of the pipeline company’s stock valued at $375,236,000 after purchasing an additional 94,655 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its stake in shares of Pembina Pipeline by 1,894.9% in the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company’s stock valued at $356,468,000 after purchasing an additional 8,372,612 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Pembina Pipeline by 17.8% during the 4th quarter. CIBC Asset Management Inc now owns 8,620,307 shares of the pipeline company’s stock worth $329,245,000 after purchasing an additional 1,304,227 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Down 2.0%

NYSE:PBA opened at $43.55 on Wednesday. Pembina Pipeline has a 12-month low of $34.13 and a 12-month high of $44.60. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $39.57 and its 200-day simple moving average is $38.81. The firm has a market cap of $25.31 billion, a P/E ratio of 21.78 and a beta of 0.68.

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.