Pembina Pipeline Corp. (NYSE:PBA) Given Average Rating of “Hold” by Analysts

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $64.00.

A number of research analysts have issued reports on PBA shares. Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $68.00 price objective on shares of Pembina Pipeline in a report on Friday, July 3rd. Royal Bank Of Canada increased their target price on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new position in shares of Pembina Pipeline in the first quarter worth about $25,000. Tobam purchased a new stake in shares of Pembina Pipeline in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pembina Pipeline in the 3rd quarter valued at approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Pembina Pipeline in the 4th quarter worth approximately $36,000. Finally, Larson Financial Group LLC grew its position in Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

PBA opened at $50.86 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $48.23 and its 200-day moving average is $44.85. The stock has a market cap of $29.58 billion, a PE ratio of 26.49 and a beta of 0.57. Pembina Pipeline has a twelve month low of $35.45 and a twelve month high of $51.56.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts predict that Pembina Pipeline will post 2.23 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.735 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Monday, June 15th. Pembina Pipeline’s dividend payout ratio (DPR) 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.