Pembina Pipeline Co. (NYSE:PBA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been given an average recommendation of “Hold” by the three analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $44.75.

Several analysts recently commented on the stock. StockNews.com downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. CIBC increased their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Finally, Scotiabank lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th.

Pembina Pipeline Stock Performance

Shares of PBA stock opened at $37.45 on Wednesday. The stock’s 50-day moving average is $36.52 and its two-hundred day moving average is $35.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03. Pembina Pipeline has a 1 year low of $28.15 and a 1 year high of $37.67. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 5.33 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. Analysts predict that Pembina Pipeline will post 2.32 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a $0.501 dividend. The ex-dividend date was Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 5.35%. Pembina Pipeline’s dividend payout ratio (DPR) is 86.96%.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors have recently modified their holdings of the company. Mariner LLC raised its holdings in Pembina Pipeline by 58.9% during the third quarter. Mariner LLC now owns 18,819 shares of the pipeline company’s stock worth $566,000 after purchasing an additional 6,975 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of Pembina Pipeline by 6.4% during the 3rd quarter. Natixis Advisors L.P. now owns 20,672 shares of the pipeline company’s stock worth $621,000 after buying an additional 1,237 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Pembina Pipeline in the 3rd quarter worth about $963,000. Legal & General Group Plc grew its stake in Pembina Pipeline by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company’s stock valued at $147,430,000 after acquiring an additional 180,798 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Pembina Pipeline by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,772,829 shares of the pipeline company’s stock valued at $113,411,000 after acquiring an additional 147,222 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

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.