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

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $56.00.

Several equities analysts have recently weighed in on the company. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. boosted its position in shares of Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 277 shares during the last quarter. JCIC Asset Management Inc. lifted its position in Pembina Pipeline by 6.8% during the first quarter. JCIC Asset Management Inc. now owns 5,133 shares of the pipeline company’s stock valued at $205,000 after purchasing an additional 325 shares during the last quarter. Headlands Technologies LLC lifted its position in Pembina Pipeline by 23.2% during the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 333 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Pembina Pipeline by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company’s stock valued at $846,000 after acquiring an additional 348 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Pembina Pipeline by 17.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 349 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Trading Up 0.9%

PBA opened at $37.93 on Friday. The stock has a market cap of $22.03 billion, a PE ratio of 17.16 and a beta of 0.76. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. Pembina Pipeline has a 52 week low of $34.13 and a 52 week high of $43.44. The business has a 50 day moving average of $37.75 and a 200-day moving average of $37.66.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.23. Pembina Pipeline had a net margin of 23.73% and a return on equity of 12.61%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 48.2% on a year-over-year basis. Equities research analysts predict that Pembina Pipeline will post 2.15 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 Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.5109 per share. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 5.39%. Pembina Pipeline’s dividend payout ratio is presently 93.67%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.