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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $62.6667.

A number of equities research analysts have recently issued reports on PBA shares. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Tuesday, May 26th. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada upped their price objective on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, May 11th.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors have recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. boosted its position in Pembina Pipeline by 10.0% during the 4th quarter. Cardinal Capital Management Inc. now owns 3,274,336 shares of the pipeline company’s stock valued at $124,621,000 after buying an additional 298,412 shares during the period. TD Waterhouse Canada Inc. boosted its position in Pembina Pipeline by 2.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,703,413 shares of the pipeline company’s stock valued at $64,798,000 after buying an additional 40,944 shares during the period. Citigroup Inc. boosted its position in Pembina Pipeline by 96.3% during the 3rd quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company’s stock valued at $8,775,000 after buying an additional 106,419 shares during the period. Sienna Gestion boosted its position in Pembina Pipeline by 1,412,500.0% during the 3rd quarter. Sienna Gestion now owns 339,024 shares of the pipeline company’s stock valued at $12,500,000 after buying an additional 339,000 shares during the period. Finally, Legal & General Group Plc boosted its position in Pembina Pipeline by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 4,378,276 shares of the pipeline company’s stock valued at $177,064,000 after buying an additional 64,250 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $46.43 on Tuesday. The company’s fifty day moving average price is $46.52 and its 200-day moving average price is $43.30. The firm has a market capitalization of $27.00 billion, a price-to-earnings ratio of 24.18 and a beta of 0.57. Pembina Pipeline has a one year low of $35.45 and a one year high of $50.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68.

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

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.735 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.3%. Pembina Pipeline’s dividend payout ratio is currently 110.94%.

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.