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

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $62.6667.

PBA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a report on Tuesday. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday. Finally, Weiss Ratings raised Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd.

Pembina Pipeline Stock Down 0.6%

NYSE:PBA opened at $47.27 on Friday. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 24.62 and a beta of 0.58. Pembina Pipeline has a twelve month low of $35.45 and a twelve month high of $50.10. The stock’s 50 day moving average price is $45.52 and its two-hundred day moving average price is $42.17. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.84.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. Equities research analysts expect that Pembina Pipeline will post 2.28 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.735 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, June 15th. This represents a $2.94 annualized dividend and a yield of 6.2%. Pembina Pipeline’s dividend payout ratio is presently 108.33%.

Institutional Trading of Pembina Pipeline

A number of institutional investors have recently modified their holdings of the stock. Empowered Funds LLC grew its stake in shares of Pembina Pipeline by 1.0% in the 4th quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock worth $931,000 after buying an additional 248 shares during the last quarter. Larson Financial Group LLC lifted its position in Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 259 shares in the last quarter. Ethic Inc. lifted its position in Pembina Pipeline by 2.0% in the 4th quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock valued at $539,000 after acquiring an additional 278 shares in the last quarter. Broderick Brian C lifted its position in Pembina Pipeline by 0.9% in the 1st quarter. Broderick Brian C now owns 32,823 shares of the pipeline company’s stock valued at $1,469,000 after acquiring an additional 300 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Pembina Pipeline by 0.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 56,339 shares of the pipeline company’s stock valued at $2,278,000 after acquiring an additional 335 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

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.